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In this paper and the associated online database, we provide new data and measures of bank regulatory and supervisory … questions, including information on permissible bank activities, capital requirements, the powers of official supervisory … performance of banking systems. Since the underlying surveys are large and complex, we construct summary indices of key bank …
Persistent link: https://www.econbiz.de/10013087792
We examine the impact of bank supervision on the financing obstacles faced by almost 5,000 corporations across 49 …. Finally, we find that bank supervisory agencies that force accurate information disclosure by banks and enhance private …
Persistent link: https://www.econbiz.de/10012786649
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
This paper uses our new database on bank regulation and supervision in 107 countries to assess the relationship between …) regulatory restrictions on bank activities and the mixing of banking and commerce; (ii) regulations on domestic and foreign bank … 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
This paper outlines what problems asymmetric information creates for the financial system and shows and shows that the presence of asymmetric information explains why banks are so important. The paper then goes on to explain why prudential supervision of these institutions is needed, and what...
Persistent link: https://www.econbiz.de/10012763288
This paper discusses the role for a lender of last resort (LLR) in preventing banking panics (section I) , then briefly considers classical and more recent concepts of the LLR (section II). Section III examines historical evidence for the U.S. and other countries on the incidence of banking...
Persistent link: https://www.econbiz.de/10012763374
All economists should be conversant with "what happened?" during the financial crisis of 2007-2009. We select and summarize 16 documents, including academic papers and reports from regulatory and international agencies. This reading list covers the key facts and mechanisms in the build-up of...
Persistent link: https://www.econbiz.de/10013112036
Established by a three person committee in 1914, the structure of the Federal Reserve System has remained essentially unchanged ever since, despite criticism at the time and over ensuing decades. With Congress now considering reforms to the System, this paper examines the original selection of...
Persistent link: https://www.econbiz.de/10013015548
on bank structure, bank regulation, and lender of last resort are also discussed. We argue that the Reserve Banks were …
Persistent link: https://www.econbiz.de/10012865767
Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are...
Persistent link: https://www.econbiz.de/10012918077