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The authors examine the banking industries of Argentina, Chile, and Mexico to see if market discipline existed there in the 1980s and 1990s. Using a set of bank panel data, they test for the presence of market discipline by studying whether depositors punish risky banks by withdrawing their...
Persistent link: https://www.econbiz.de/10005129376
The continuum of institutions providing microfinance cannot develop fully without a regulatory environment conducive to … transformation of microfinance institutions. The authors recommend a tiered approach to external regulations, one that takes into … account the different types of microfinance institutions, the products they offer, and the markets they service. A tiered …
Persistent link: https://www.econbiz.de/10005116395
The authors investigate the microfinance regulatory regimes in Benin, Ghana, and Tanzania, with a view to identifying … key issues and lessons on how the overall regulatory framework affects integration of microfinance institutions into the … environment promotes sustainable microfinance under shared performance standards and encourages regulatory authorities to develop …
Persistent link: https://www.econbiz.de/10005116311
The authors assess Thailand's policy options for reducing large corporations'vulnerability to economic shocks and improving their corporate governance - and for providing smaller firms a more stable funding structure. Using data for firms listed on Thailand's stock exchange, they empirically...
Persistent link: https://www.econbiz.de/10005141879
Regulating Microfinance Institutions,"WPS 2061, February 1999) presented a regulatory framework that identifies thresholds in … financial intermediation activities that trigger a requirement for a microfinance institution to satisfy external or mandatory … microfinance institutions that must be managed and prudentially regulated. The author reports on the results of the field testing …
Persistent link: https://www.econbiz.de/10004989852
Evidence about how choice of regulatory regimes affects the level of shareholder risk for the regulated company has traditionally focused on studies in the United Kingdom and the United States. Broad comparisons of price-cap based regimes (as practiced in the UK) with rate-of-return regulation...
Persistent link: https://www.econbiz.de/10005079866
There has been little empirical work on the effectiveness of safety nets designed for banks, for lack of data on safety net design across countries. The authors examine cross-country data on bank-level interest expense and deposit growth for evidence of market discipline in individual countries....
Persistent link: https://www.econbiz.de/10005079918
The most important challenge of Estonia's strategy for integrating its financial sector with that of the European Union (EU) is to upgrade its capacity for prudential regulation and supervision enough to gain recognition from its EU counterparts. Doing so is also a crucial complement to...
Persistent link: https://www.econbiz.de/10005079985
Much of the substantial literature on banking crises, focuses on early warning indicators. The authors look at what happens to the economy, and the banking sector after a banking crisis breaks out. Much of the theory of banking crises assigns a central role to depositor runs, with vulnerability...
Persistent link: https://www.econbiz.de/10005080098
Explicit deposit insurance has been spreading rapidly in recent years, even to countries not advanced in financial and institutional development. Economic theory indicates that deposit insurance design features interact--for good or ill--with country-specific elements of the financial and...
Persistent link: https://www.econbiz.de/10005080126