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regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …
Persistent link: https://www.econbiz.de/10003927990
Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two … important, concurrent dimensions of financial globalization: diversification and offshoring. The diversification dimension …
Persistent link: https://www.econbiz.de/10012554536
In the aftermath of the global financial crisis, interest in systemic risk has surged among academics and policy makers. The mitigation of systemic risk is now widely accepted as the fundamental underlying concept for the design of the post-crisis regulatory agenda. Effective mitigation requires...
Persistent link: https://www.econbiz.de/10012564546
Persistent link: https://www.econbiz.de/10014314659
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10008907303
Capital flows to emerging market economies (EMEs) have been characterized by high volatility since the 1980s. In recent years (especially since 2003), although gross as well as net capital flows to the EMEs have increased, they could not be absorbed domestically. Overall, savings have flowed...
Persistent link: https://www.econbiz.de/10003928091
Financial markets that function well are crucial for the long-run economic growth of a country. This paper, in the first instance, looks at how the financial development of an economy can be measured. It then traces the financial development of India through the 1990s to the present, assessing...
Persistent link: https://www.econbiz.de/10008936392
This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms, government...
Persistent link: https://www.econbiz.de/10009632674
This paper discusses the relevance of Basel III to Asian emerging markets. It reviews some of the proposed regulations of Basel III in order to evaluate their likely implications for, and their ability to enhance, the stability of the banking and financial system. This is followed by a...
Persistent link: https://www.econbiz.de/10009632677
Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis … implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper … examines two important concurrent dimensions of financial globalization relevant for emerging countries: diversification and …
Persistent link: https://www.econbiz.de/10009632681