The reasons for disintermediation on in the financial systems can be found on both sides of supply and demand. This progressing phenomenon is a result of numerous changes in the post-crisis financial sector landscape. In this article, the authors analyse the underlying causes of the shift away...

Studying key events related to the repeal of Dodd-Frank policies we find that banking deregulation can create shareholder value. We document positive stock returns for banks around these events. The returns are larger for small banks with assets below $10 billion suggesting that their...

The effects of legislation on the market place has always been a matter of great discussion since the market place structures are defined by laws. The paper seeks to confirm that the Capital Markets Amendment Act of 2013 will have a drastic effect on the market. With the twin problem of adverse...

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure. The wave of state divestitures reached Italy later...

This paper examines the relation between bank branch deregulation and corporate borrowers' stock price crash risk. Using a large sample of U.S. public firms over the period 1962-2001, we provide robust evidence that intrastate branch reform reduces firms' stock price crash risk. Our finding is...

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure. The wave of state divestitures reached Italy later...

In 2011, on the heels of the financial crisis and after passing the behemoth known as the Dodd-Frank Act, Congress did something unexpected: it passed, with wide bipartisan support, a piece of legislation that rolls back regulation of the financial sector. In early 2012 President Obama signed it...

The waves of liberalization, privatization and globalization have transformed the face of service sector in India. On account of this, service sector has witnessed massive growth in the form of innovative products, expansion of services and wider outreach. Financial services are no exception to...