Financial regulation is normally imposed in reaction to some prior crisis, rather than founded on theoretical principle. In the past, regulation has been deployed to improve risk management practices in individual banks. This was misguided. Instead, regulation should focus first on systemic...

All severe crises have required a reformulation of the International Financial Architecture (IFA). The G20, abruptly turned into a discussion and action forum to cope with the crisis, focused its work on two areas: first, the coordination of the macroeconomic policies to come out of the crisis...

Resumen: Las remesas que entran a Colombia han aumentado sustancialmente en los últimos años como reflejo del incremento en el flujo migratorio que vivió el país a finales de la década de los noventa. En 2003 se convirtieron en la segunda fuente de divisas del país. Además de mejorar el...

First externalities risk due to the size of the companies or the principle that large companies are also at risk of bankruptcy (too big to fail) are examined. The problem is illustrated by a case in which extreme risks with negative consequences for savers and investors are taken. If we...

This paper analyzes and compares the prior and subsequent performance that the banking and monetary regulation had in Peru against external shocks caused by the international financial crises of 1997 and 2007, where only the first one triggered a banking crisis, although the stronger external...

Spanish Abstract: Se lleva a cabo en este trabajo un sereno y hondo análisis de la severa crisis financiera, económica, política, institucional e incluso nacional que con especial virulencia ha tenido lugar en España, y sus causas, junto con el correlativo estudio de un conjunto de medidas...

Spanish Abstract: Resumen del contenido de mi trabajo de fin de grado. Este caso aborda la situación de un accionista del Banco Popular y requiere considerar varios aspectos de la empresa y su entorno: financiero, contable, legal, regulatorio, comparación con empresas del sector.Se presenta un...

Since the mid-1970s, the banking industry has been changing rapidly, but our analysis of its regulation has been lagging. Leaving aside the sterile discussion about the intrinsic instability of the industry, today its regulation aims at preventing systemi

This article examines the costs of banking pollution and the role of regulation and restrictions on the financial system in tackling it. It studies the benefits of such restrictions in terms of modularity, robustness and incentives, and the costs in terms of the economies of scale and the...