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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
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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
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
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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
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/10003274864
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Does Financial Integration Make Banks Act More Prudential? Regulation, Foreign Owned Banks, and the Lender-of-Last Resort
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/10012734054
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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 - 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
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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 - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 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/10008533523
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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
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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
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An Empirical Investigation into Exchange Rate Regime Choice And Exchange Rate Volatility
Berger, Helge; Sturm, Jan-Egbert; de Haan, Jakob - 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
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Optimal central bank conservatism and monopoly trade unions
Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2000
The conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10010291983