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Durable Financial Regulation : Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions
Nakamura, Leonard I. - 2011
This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …
Persistent link: https://www.econbiz.de/10013125587
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Regulation and Supervision : An Ethical Perspective
Kane, Edward J. - 2008
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012772313
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 2008
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …
Persistent link: https://www.econbiz.de/10012774887
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Regulating Internalities
Allcott, Hunt - 2015
This paper offers a framework for regulating internalities. Using a simple economic model, we provide four principles for designing and evaluating behaviorally-motivated policy. We then outline rules for determining which contexts reliably reflect true preferences and discuss empirical...
Persistent link: https://www.econbiz.de/10013022181
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Financial Innovation and the Management and Regulation of Financial Institutions
Merton, Robert C. - 2014
New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...
Persistent link: https://www.econbiz.de/10012752889
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Confronting Divergent Interests in Cross-Country Regulatory Arrangements
Kane, Edward J. - 2021
Although nation-based systems of financial regulation constitute a second-best approach to global welfare maximization …
Persistent link: https://www.econbiz.de/10013225171
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Bank Regulation and Supervision in 180 Countries from 1999 to 2011
Barth, James R. - 2013
In this paper and the associated online database, we provide new data and measures of bank regulatory and supervisory policies in 180 countries from 1999 to 2011. The data include and the measures are based upon responses to hundreds of questions, including information on permissible bank...
Persistent link: https://www.econbiz.de/10013087792
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Financial Safety Nets : Reconstructing and Modeling a Policymaking Metaphor
Kane, Edward J. - 2001
This paper explains that financial safety nets exist because of difficulties in enforcing contracts and shows that elements of deposit-insurance schemes differ substantially across countries. It argues that differences in the design of financial safety nets correlate significantly with...
Persistent link: https://www.econbiz.de/10012787749
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Bank Supervision, Regulation, and Instability During the Great Depression
Mitchener, Kris James - 2010
Even after controlling for local economic conditions, differences in state bank supervision and regulation contribute …
Persistent link: https://www.econbiz.de/10012762636
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Bank Regulation and Supervision : What Works Best?
Barth, James R. - 2010
This paper uses our new database on bank regulation and supervision in 107 countries to assess the relationship between … supervision and regulation of bank activities. The findings instead suggest that policies that rely on guidelines that (1) force …
Persistent link: https://www.econbiz.de/10012762904