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developing world, and suggest further areas for research in the political economy of globalization …Financial sectors in the developing world pressure governments to open capital accounts, a policy which standard … restrictions in the developing world, and by examining interest group pressures for financial internationalization in Indonesia …
Persistent link: https://www.econbiz.de/10013140746
We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools at different stages of financial development. In...
Persistent link: https://www.econbiz.de/10013015592
The stability of a banking system ultimately depends on the strength and credibility of the fiscal backstop. While large countries can still afford to resolve large global banks on their own, small and medium-sized countries face a policy choice. This paper investigates the impact of resolution...
Persistent link: https://www.econbiz.de/10012935313
The stability of a banking system ultimately depends on the strength and credibility of the fiscal backstop. While large countries can still afford to resolve large global banks on their own, small and medium-sized countries face a policy choice. This paper investigates the impact of resolution...
Persistent link: https://www.econbiz.de/10013248852
This paper presents recent trends in bank ownership across countries and summarizes the evidence regarding the … implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The … the impact of government bank ownership suggests few benefits, especially for developing countries …
Persistent link: https://www.econbiz.de/10012957838
supervisory power. Our findings contribute to the literature examining bank internationalization and have several policy …
Persistent link: https://www.econbiz.de/10012935516
. However, central bank's independence and economic independence have a statistically significant effect on financial stability …, whereas central bank accountability, supervisory independence and accountability, political central bank independence as well …
Persistent link: https://www.econbiz.de/10012806000
In this paper we examine the role of syndicated loan markets in financial market development in 24 European countries. We find credit spreads to be negatively related to market size in small markets and positively related in large financial markets. Syndicated loans play a different role in...
Persistent link: https://www.econbiz.de/10013158058
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for …
Persistent link: https://www.econbiz.de/10012895120
We study the role of the bank-lending channel in propagating fluctuations in commodity prices to credit aggregates and … transmission of changes in international commodity prices to domestic bank lending. Identification relies on a bankspecific time …-varying measure of bank sensitivity to changes in commodity prices, based on daily data on bank stock prices. We find that a fall in …
Persistent link: https://www.econbiz.de/10011797273