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submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in … respect to e.g. capital adequacy, shadow banking and accounting. The paper also reviews the current levels of development of … the Indian banking, capital markets, pensions and insurance sub-sectors and past episodes of egregious wrongdoing. The …
Persistent link: https://www.econbiz.de/10011483647
2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and … authorities in 2011 and the gradual establishment of European banking union starting in 2012. The banking union is a major … highly incomplete form, and with no prospects for rapid completion, the banking union has improved financial supervision in …
Persistent link: https://www.econbiz.de/10011613840
assumption employed in the standard banking model is that returns are linear in the scale of investment. Instead, we assume the …
Persistent link: https://www.econbiz.de/10011691431
approaches of other countries when their banking sectors were burdened with unsustainable levels of impaired assets. The paper …
Persistent link: https://www.econbiz.de/10011638458
The conventional paradigm about development banks is that these institutions exist to target well-identified market failures. However, market failures are not directly observable and can only be ascertained with a suitable learning process. Hence, the question is how do the policymakers know...
Persistent link: https://www.econbiz.de/10012098060
debit cards transactions increased sharply. We test the wage-banking channel of the financial program exploiting differences …
Persistent link: https://www.econbiz.de/10014461503
Microfinance institutions (MFIs) have been successful in providing credit to millions of low-income borrowers in groups … examine microfinance interest rates and their determinants in order to understand how these rates might be lowered. Using high …
Persistent link: https://www.econbiz.de/10011294486
We design a new, implementable capital requirement for large financial institutions (LFIs) that are too big to fail. Our mechanism mimics the operation of margin accounts. To ensure that LFIs do not default on either their deposits or their derivative contracts, we require that they maintain an...
Persistent link: https://www.econbiz.de/10008840030
This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...
Persistent link: https://www.econbiz.de/10011812108
How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to …, monetary policy affects financial stability, even in the presence of macroprudential regulation …
Persistent link: https://www.econbiz.de/10011797689