Showing 1 - 10 of 16
Financial crises affect income distribution by way of different channels. The authors argue that financial transfers are an important channel which has been overlooked by the literature. They study the role of financial transfers by analyzing some of the most severe Latin American crises during...
Persistent link: https://www.econbiz.de/10005079564
the mid-1990s - experienced falling net margins and increasing overhead. There were many domestic bank failures in the mid …
Persistent link: https://www.econbiz.de/10005079605
The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion:...
Persistent link: https://www.econbiz.de/10005079883
The authors investigate whether resident enterprise managers have an informational advantage about the countries in which they work. They propose a method for extracting information available to resident managers but unknown to investors and forecasters. They rest their hypothesis of...
Persistent link: https://www.econbiz.de/10005080040
In recent years, foreign bank participation has increased tremendously in several developing countries. In Argentina … foreign bank entry are still being debated, including: 1) What draws foreign banks to a country? 2) Which banks expand abroad …? 3) What do foreign banks do once they arrive? 4) How does the mode of a bank's entry - for example, as a branch of its …
Persistent link: https://www.econbiz.de/10005128465
The authors address the trading strategies of mutual funds in emerging markets. The data set they develop permits analyses of these strategies at the level of individual portfolios. A methodologically novel feature of their analysis: they disentangle the behavior of fund managers from that of...
Persistent link: https://www.econbiz.de/10005128513
Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny lately as promoters of financial excesses, upgrading countries in good times and downgrading them in bad times. Using a panel of emerging...
Persistent link: https://www.econbiz.de/10005128745
to the fund (typically a private insurance company) loses money when losses exceed premiums. Claimants that underprice … underpriced deposit insurance led to riskier banking portfolios without commensurate increases in bank capital. Deposit insurance …, insurance may give depositors increased confidence in the formal financial sector -- which may decrease the likelihood of bank …
Persistent link: https://www.econbiz.de/10005129048
Existing evidence on the effect of foreign bank penetration on lending to small and medium-size enterprises is … cross-country studies find that foreign bank entry fosters competition and reduces interest rates, benefits that should … results suggest that foreign bank penetration improves financing conditions (both the quantities of financing and the terms …
Persistent link: https://www.econbiz.de/10005129146
International mutual funds are one of the main channels for capital flows to emerging economies. Although mutual funds have become important contributors to financial market integration, little is known about their investment allocation, and strategies. The authors provide an overview of mutual...
Persistent link: https://www.econbiz.de/10005133623