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This paper examines the implications of the global financial crisis of 2007-10 for reform of the global financial architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction. These two institutions are not fully comparable, but they must...
Persistent link: https://www.econbiz.de/10008696422
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The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the Ministry of Finance was mandated to study existing legislation and financial sector regulatory practices in India and to propose improvements. The FSLRC submitted its report in 2013 and four of its members recorded...
Persistent link: https://www.econbiz.de/10011483647
Under the Single Supervisory Mechanism (SSM) introduced in 2014, the European Central Bank directly supervises significant euro area banks, which hold about 82% of total banking assets. We find that this important supervisory change has positive effects on the return on assets and the return on...
Persistent link: https://www.econbiz.de/10013415526
various other European integration efforts following the second world war. Financial regulatory and supervisory integration … no comparable political and legal integration. Nevertheless, Asia can draw useful lessons from European experiences in …
Persistent link: https://www.econbiz.de/10011613840
Given no generally accepted framework for financial stability, policymakers in developing Asia need to manage, not … United States and Europe and of earlier crisis episodes, including Asia during the 1990s. There is no simple linear …
Persistent link: https://www.econbiz.de/10011350664
The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through...
Persistent link: https://www.econbiz.de/10008732226
constructed from a ranking of the top banks in the world created by The Banker magazine, a UK-based monthly publication …
Persistent link: https://www.econbiz.de/10013373120
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