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Countercyclical Financial Regulation
Ren, Haocong - 2017
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
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Corporate Governance and Bank Insolvency Risk : International Evidence
Anginer, Deniz - 2017
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004-08 period. Banks are special in that "good" corporate...
Persistent link: https://www.econbiz.de/10012972797
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Bank Regulation and the Network Paradigm : Policy Implications for Developing and Transition Economies
Honohan, Patrick - 2017
be obstructed by blocking just one path), and a tendency to adapt to disturbances in a complex manner. Regulation is …
Persistent link: https://www.econbiz.de/10012966353
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The Conceptual Foundations of Macroprudential Policy : A Roadmap
de la Torre, Augusto - 2017
This paper explores post-Lehman macroprudential regulation by interacting two types of market failures (principal … paradigms with orthogonal policy justifications are identified. In the first time consistency paradigm, regulation offsets the … face of aggregate shocks. In the third collective action paradigm, regulation arises in response to the socially …
Persistent link: https://www.econbiz.de/10012974081
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Do We Need Big Banks? Evidence on Performance, Strategy and Market Discipline
Demirgüç-Kunt, Asli - 2017
of shareholders, providing support for greater government regulation …
Persistent link: https://www.econbiz.de/10012976146
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Banking Flows and Financial Crisis -- Financial Interconnectedness and Basel Iii Effects
Ghosh, Swati - 2017
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
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Financial Globalization in Emerging Economies : Much Ado About Nothing?
Levy-Yeyati, Eduardo Levy - 2014
relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …
Persistent link: https://www.econbiz.de/10013068213
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A New Tail-Based Correlation Measure and its Application in Global Equity Markets
Liu, Jinjing - 2019
The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the existing value at risk (VaR)-implied correlation....
Persistent link: https://www.econbiz.de/10012894654
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Financial Globalization in Emerging Countries : Diversification vs. Offshoring
Ceballos, Francisco - 2017
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012975170
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Financial Globalization in Emerging Economies : Much Ado About Nothing?
Levy-Yeyati, Eduardo Levy - 2017
relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …
Persistent link: https://www.econbiz.de/10012976061