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A new capital regulation for large financial institutions
Hart, Oliver D.; Zingales, Luigi - 2009
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
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Financial Sector Legislative Reforms Commission (FSLRC) & financial sector regulation in India
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2016
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
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Bank panics and scale economies
Andolfatto, David; Nosal, Ed - 2017
A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand … surprisingly di¢ cult to generate bank panic equilibria if one allows for a plausible degree of contractual flexibility. A common … minimum scale requirement. With this simple and empirically-plausible modification to the standard model, we find that bank …
Persistent link: https://www.econbiz.de/10011691431
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Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia
Darvas, Zsolt M.; Schoenmaker, Dirk; Véron, Nicolas - 2016
European Union countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the second world war. Financial regulatory and supervisory integration was a very slow process before 2008, despite...
Persistent link: https://www.econbiz.de/10011613840
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Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
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Smart development banks
Fernández Arias, Eduardo; Hausmann, Ricardo; Panizza, Ugo - 2019
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
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Sustainability-oriented business model innovation : context and drivers
Moliterni, Fabio - 2017
This study outlines a systemic review of the social and economic transformations that have been inducing the business to reconsider its traditional strategies and innovate to become sustainable. In doing so, the study adopts an original approach, focusing on the evolution in the socio-economic...
Persistent link: https://www.econbiz.de/10011714977
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March madness in Wall Street : (what) does the market learn from stress tests?
Fernandes, Marcelo; Igan, Deniz; Pinheiro, Marcelo - 2015
and uncertainty indicators, and bank activities. The evidence we present supports the notion that there is important new …
Persistent link: https://www.econbiz.de/10011405281
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Reform of the global financial architecture
Schinasi, Garry J.; Truman, Edwin M. - 2010
desirable and appropriate. -- International Monetary Fund ; Financial Stability Board ; Bank for International Settlements …
Persistent link: https://www.econbiz.de/10008696422
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Too big to fail : the transatlantic debate
Goldstein, Morris; Véron, Nicolas - 2011
Although the United States and the European Union were both seriously impacted by the financial crisis of 2007, the resulting policy debates and regulatory responses have differed considerably on the two sides of the Atlantic. In this paper the authors examine the debates on the problem posed by...
Persistent link: https://www.econbiz.de/10008907719