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We argue that China's rising shadow banking was inextricably linked to potential balancesheet risks in the banking … banking (the banking system) in China. …
Persistent link: https://www.econbiz.de/10011776811
This paper compares the impact of institutions on individual decisions to become entrepreneurs in the form of new business start ups by males and females across 44 developed and developing economies between 1998 and 2004. We test four hypotheses; that women are less likely to undertake...
Persistent link: https://www.econbiz.de/10010269391
Persistent link: https://www.econbiz.de/10010327933
, China has enjoyed high saving rates. However, in the late 1990s the saving rates rose to such a high level, therefore the … rural households. The case of the capital formation of TVEs in China offers us an opportunity to test the non farm … reform in China in 1978. With facts and statistical analyses, this paper has proved that the development of TVEs is an …
Persistent link: https://www.econbiz.de/10010265909
Persistent link: https://www.econbiz.de/10013168614
This paper examines procyclicality of the financial system. The introduction describes the natural and regulatory sources of procyclicality, focusing on the potential procyclical effect of the current Basel II regulatory framework for banks. It also mentions the regulatory tools for mitigating...
Persistent link: https://www.econbiz.de/10010322225
Following the Hotelling model of spatial competition used by Massoud and Bernhardt (2002) to analyze competition in ATM fees, in this paper we analyze the effects of banning fees on the usage of ATMs by account holders. We find that the prohibition also reduces the fees charged to non-account...
Persistent link: https://www.econbiz.de/10010322559
The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly...
Persistent link: https://www.econbiz.de/10010326052
This paper examines common regulation as cause of interbank contagion. Studies based on the correlation of bank assets and the extent of interbank lending may underestimate the likelihood of contagion because they do not incorporate the fact that banks have a common regulator. In our model, the...
Persistent link: https://www.econbiz.de/10011605242
Europe’s financial structure has become strongly bank-based – far more so than in other economies. We document that an increase in the size of the banking system relative to equity and private bond markets is associated with more systemic risk and lower economic growth, particularly during...
Persistent link: https://www.econbiz.de/10011605842