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de Batz, Laure - 2022

This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...

Persistent link: https://www.econbiz.de/10014547763

Mitigating Information Frictions in Trade: Evidence from Export Credit Guarantees

Agarwal, Natasha; Lodefalk, Magnus; Tang, Aili; Tano, Sofia - 2019

Information frictions make foreign trade risky. Therefore, many countries offer export credit guarantees that insure export transactions against buyers' default. We investigate the causal effects of guarantees on firm performance. To overcome selection bias, we employ a quasi-experimental design...

Persistent link: https://www.econbiz.de/10012654440

Preconditions for a successful implementation of supervisors' prompt corrective action: Is there a case for a banking standard in the European Union?

Nieto, María J.; Wall, Larry D. - 2006

Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). The European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focused...

Persistent link: https://www.econbiz.de/10010292333

Bail-in and Legacy Assets: Harmonized rules for targeted partial compensation to strengthen the bail-in regime

Poyntner, Philipp; Reininger, Thomas - 2018

In the wake of the global financial crisis, several large bank rescues by governments further entrenched bail … bank bonds across economy-wide income quantiles in the euro area and various euro area countries. We find that neither the … share of below-medianincome households with bank bonds in the total number of households with bank bonds nor the relative …

Persistent link: https://www.econbiz.de/10013370141

Securitization, Deregulation, Economic Stability, and Financial Crisis. Part I: The evolution of securitization

Tymoigne, Eric - 2009

innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long … argued that we need to change the way we approach the regulation of financial institutions and look at what has been done in … other sectors of the economy, where regulation and supervision are proactive and carefully implemented in order to guarantee …

Persistent link: https://www.econbiz.de/10010281704

A Critical Assessment of Seven Reports on Financial Reform: A Minskyan Perspective. Part III: G30, OECD, GAO, ICMBS reports

Tymoigne, Eric - 2009

This four-part study is a critical analysis of several reports dealing with the reform of the financial system in the United States. The study uses Minsky’s framework of analysis and focuses on the implications of Ponzi finance for regulatory and supervisory policies. The main conclusion of...

Persistent link: https://www.econbiz.de/10010281721