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-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and … stringent bank regulation and supervision consistent with regulatory arbitrage, but that they prefer to originate loans in …
Persistent link: https://www.econbiz.de/10012859502
The costs of financial intermediation have important consequences for financial development. Using bank-level data for 160 countries during 2005-14, this paper analyzes the composition and sources of bank net interest margins. First, it uses an accounting decomposition framework to provide...
Persistent link: https://www.econbiz.de/10012912348
depositor repayment in bad states. In so doing, financial regulation stimulates bank profits if subsequent deposit growth … empirical tests are presented: 1) a regulation change by the National Bank of Ethiopia in 2011; 2) the introduction of bank … taxes in Antebellum USA (1800-1861). Analyzing bank balance sheets and long-term branch installation, the regulation effects …
Persistent link: https://www.econbiz.de/10012968728
governance of the securities regulator is necessary for effective regulation. It is also of importance in setting an example to …
Persistent link: https://www.econbiz.de/10012973431
insufficient. This paper proposes a pragmatic approach to re-orienting financial regulation to have at its core the objective of …
Persistent link: https://www.econbiz.de/10012974713
Financial regulation affects government revenue whenever it imposes both the mandatory quantity and price of government … bonds. This paper studies a banking regulation adopted by the National Bank of Ethiopia in April 2011, which forces all …
Persistent link: https://www.econbiz.de/10012968727
look at the development and regulation of fixed income securities markets in Europe. Fixed income securities markets in … exchange markets. They are presently undergoing major changes in size, infrastructure, and regulation. The authors describe the … European fixed income securities market regulation and infrastructure are not (yet) homogeneous. In some countries fixed income …
Persistent link: https://www.econbiz.de/10012971039
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
impedes productivity more at higher levels of regulation. The analysis finds that there is a significant negative relationship … between corruption and firm productivity when regulation is high and an insignificant relationship when it is low. These …
Persistent link: https://www.econbiz.de/10012865470
The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …
Persistent link: https://www.econbiz.de/10012746910