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Korean Abstract정리금융회사에 대한 과세제도는 공공재적 예금보험서비스를 제공하는 비영리법인의 성격에도 상법상 주식회사로 설립된 결과 영리내국법인으로 취급되어 경영실적에 따라 거액의 법인세 부담이 발생하는...
Persistent link: https://www.econbiz.de/10014113718
The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
Persistent link: https://www.econbiz.de/10014077291
I embed shadow banks in a quantitative general equilibrium model in which limited liability and deposit insurance can lead regulated banks to provide socially inefficient risky loans. Higher capital requirements can eliminate excessive risk at the cost of lower liquidity provision. In general...
Persistent link: https://www.econbiz.de/10013250536
Persistent link: https://www.econbiz.de/10013002875
The Durbin Amendment to the Dodd–Frank Act yielded regulations that cap debit card interchange fees for banks with over $10 billion in assets. Using a difference-in-differences identification strategy, we document and quantify the resulting decline in interchange income for treated banks. We...
Persistent link: https://www.econbiz.de/10013006352
What constitutes shadow banking has been described by the international financial institutions, such as FSB, IOSCO, ECB and European Commission. A common characteristic is that several of the shadow banking activities are outside the banking field but are likely to have an impact on the banking...
Persistent link: https://www.econbiz.de/10012963741
This paper examines the impact of cybercrime and hacking events on equity market volatility across publicly traded corporations. The volatility influence of these cybercrime events is shown to be dependent on the number of clients exposed across all sectors and the type of the cyber security...
Persistent link: https://www.econbiz.de/10012964812
This essay discusses the economic case for regulating shadow banking. Focusing on systemic risk, shadow banking is defined as leveraging on collateral to support liquidity promises. Regulating shadow banking is efficient because of the negative externality stemming from systemic risk. However,...
Persistent link: https://www.econbiz.de/10012967040
This paper discusses the European Commission's proposal for a CCP Recovery and Resolution Regulation. In this respect, the article comments the consequences, risks, and attention points for central counterparties and their authorities. This paper focuses on the proposed rules surrounding CCP...
Persistent link: https://www.econbiz.de/10012947691
Online supply chain financing has been a relatively novel funding channel for suppliers as small- and medium-sized enterprises (“SMEs”) to obtain loans in that the revolution of financial technology (“FinTech”) transforms traditional supply chain financing, which used to be administered...
Persistent link: https://www.econbiz.de/10012948043