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Does Financial Integration Make Banks Act More Prudential? Regulation, Foreign Owned Banks, and the Lender-of-Last Resort

Berger, Helge; Hefeker, Carsten - 2006

model, banks' efforts and public regulation can lower the probability of bankruptcy. We contrast the national case with an … integrated banking market and find that banks will exert greater effort to monitor their foreign activities. Thus, financial … integration may increase prudential behavior and regulation. We also discuss incentives for banks to organize their foreign …

Persistent link: https://www.econbiz.de/10010295528

Does financial integration make banks act more prudential? Regulation, foreign owned banks, and the lender-of-last resort

Berger, Helge; Hefeker, Carsten - 2006

We develop a simple model that looks at the incentives of private banks to behave prudentially and undertake costly … can force banks to increase efforts beyond the privately optimal level. We contrast the national case under autarky with … the case of an integrated banking market with bank cross-holdings. Because banks will exert a greater overall effort to …

Persistent link: https://www.econbiz.de/10010299093

Does Financial Integration Make Banks Act More Prudential? Regulation, Foreign Owned Banks, and the Lender-of-Last Resort

Berger, Helge; Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2006

model, banks? efforts and public regulation can lower the probability of bankruptcy. We contrast the national case with an … integrated banking market and find that banks will exert greater effort to monitor their foreign activities. Thus, financial … integration may increase prudential behavior and regulation. We also discuss incentives for banks to organize their foreign …

Persistent link: https://www.econbiz.de/10010957329

Does financial integration make banks act more prudential? Regulation, foreign owned banks, and the lender-of-last resort

Berger, Helge; Hefeker, Carsten - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2006

Persistent link: https://www.econbiz.de/10008533523

Does financial integration make banks act more prudential? : Regulation, foreign owned banks, and the lender-of-last resort

Berger, Helge (contributor); Hefeker, Carsten (contributor) - 2006

Persistent link: https://www.econbiz.de/10003274864

Does Financial Integration Make Banks Act More Prudential? Regulation, Foreign Owned Banks, and the Lender-of-Last Resort

Hefeker, Carsten - 2006

Persistent link: https://www.econbiz.de/10012734054

Capital controls and exchange rate regimes : an empirical investigation

Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2001

It is often argued that deregulation of international transactions and its effects on the globalization of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital controls...

Persistent link: https://www.econbiz.de/10011398048

Capital Controls and Exchange Rate Regimes : An Empirical Investigation

Berger, Helge - 2013

It is often argued that deregulation of international transactions and its effects on the quot;globalizationquot; of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of...

Persistent link: https://www.econbiz.de/10012754705

An Empirical Investigation into Exchange Rate Regime Choice And Exchange Rate Volatility

Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2021

We test a simple model of exchange rate regime choice with data for 65 non-OECD countries covering the period 1980-94. We find that the variance of output at home and in potential target countries as well as the correlation between home and foreign real activity are powerful and robust...

Persistent link: https://www.econbiz.de/10013321075

How to Reduce Inflation: An Independent Central Bank or A Currency Board? The Experience of the Baltic Countries

de Haan, Jakob; Berger, Helge; van Fraassen, Erik - 2001

Countries in transition often face high levels of inflation. This paper discusses two ways to reduce inflation: the creation of an independent central bank and the introduction of a currency board. It is shown that both options have advantages and disadvantages. This framework is used for a...

Persistent link: https://www.econbiz.de/10010313376