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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
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012975170
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
economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …
Persistent link: https://www.econbiz.de/10012976477
The authors use panel data on the number of new firm registrations in 95 countries to study the impact of the business environment and 2008 financial crisis on new firm registration. The data show that more dynamic formal business creation occurs in countries that provide entrepreneurs with a...
Persistent link: https://www.econbiz.de/10012976341
This paper examines salary gaps by gender and nationality at the World Bank Group between 1987 and 2015 using a unique … three main findings. First, 76 percent of the $27,400 salary gap across the average male and female staff at the World Bank … Group can be attributed to composition effects, whereby men entered the World Bank Group at higher paid positions …
Persistent link: https://www.econbiz.de/10012956454
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
The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis, capital controls succeeded in reducing net...
Persistent link: https://www.econbiz.de/10012747799
financial regulation. First, the paper proposes a broad index of regulatory quality for financial inclusion, emphasizing the …
Persistent link: https://www.econbiz.de/10012894579
repeat itself without dynamic measures to manage capital mobility as part of a comprehensive prudential regulation effort …
Persistent link: https://www.econbiz.de/10012975791