Regulators in developing countries may not have access to timely ex-post verifiable information regarding banks' capital or investment decision. This paper examines whether, in such an environment, regulators can enforce capital requirements. Using a model of a relationship between a regulator...

Why do governments in some developing countries implement international standards, while others do not? Focusing on the politics of bank regulation, this book develops a new framework to explain regulatory interdependence between countries in the core and the periphery of the global financial...

This study examines the determinants of capital adequacy and voluntary capital buffers among microfinance institutions (MFIs). We apply the two-stage least squares (2SLS) with instrumental variables to account for endogeneity. Using quarterly panel data of 439 MFIs in Ghana covering the period...