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This paper reviews the published work on the governance of regulatory authorities in order to identify the basic governance standards that apply and some of the factors that affect the implementation of good governance. There are four pillars of good regulatory governance: independence,...
Persistent link: https://www.econbiz.de/10012973431
The global financial crisis has given greater credence to the idea that active state involvement in the financial sector can be helpful for stability and development. There is now evidence that, for example, lending by state-owned banks has helped in mitigating the impact of the crisis on...
Persistent link: https://www.econbiz.de/10012974502
countries around the world currently use some form of interest rate caps on loans -- all with varying degrees of effects …
Persistent link: https://www.econbiz.de/10012972605
This paper examines how financial development influences foreign direct investment. The direct and indirect sector-specific effects that source countries' financial development and destination countries' financial development can have on foreign direct investment are first identified in a...
Persistent link: https://www.econbiz.de/10012972608
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …
Persistent link: https://www.econbiz.de/10012975170
The global financial crisis has focused much attention on procyclicality, particularly in the context of a macroprudential framework. This paper reviews a set of prudential measures that can be adopted by national authorities to deal with procyclicality and discusses issues in designing and...
Persistent link: https://www.econbiz.de/10012975729
This paper examines the factors that determine banking flows from advanced economies to emerging markets. In addition to the usual determinants of capital flows in terms of global push and local pull factors, it examines the role of bilateral factors, such as growth differentials and economic...
Persistent link: https://www.econbiz.de/10012975818
Financial liberalization may have a positive effect on growth not only through the increase in the quantity of the available funds, but also through a more efficient allocation of resources across firms and sectors. Despite this intuitive appeal, there is little empirical evidence on the...
Persistent link: https://www.econbiz.de/10012975986
The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …
Persistent link: https://www.econbiz.de/10012746910
paper examines and rates financial sector strategies around the world based on how well they formulate development targets …
Persistent link: https://www.econbiz.de/10012973597