Showing 1 - 10 of 8,599
Financial regulation should be countercyclical, strengthening during speculative booms to contain excessive leverage … and loosening following crises so as to not limit credit extension in hard times. And yet, financial regulation in fact … choice perspective on financial regulation, i.e. rational choice ideas drawn from economics and applied to politics, but with …
Persistent link: https://www.econbiz.de/10013086761
1888-1894 financial crisis, which yielded regulation concerning only these banks and restricting their activity. The German …
Persistent link: https://www.econbiz.de/10013065864
Starting with the framework of New Institutional Economics, this Comment examines the institutional arrangements of Chinese and U.S. governance, and then scrutinizes their respective policy responses to the financial collapse of 2008. The latent thesis is that, notwithstanding differences in...
Persistent link: https://www.econbiz.de/10013077492
The purpose of this study is to develop an efficient strategy for managing fixed-income portfolios in crisis periods. We use the volatility ratio model of Briere and Szafarz (2008) and the Expected Tail Loss (ETL) approach of Litzenberger and Modest (2008). Our methodology is applied to U.S. and...
Persistent link: https://www.econbiz.de/10009564251
. Regulation and supervision has been usually absent in the XIXth century, while in the XXth century policy makers have been more …
Persistent link: https://www.econbiz.de/10013104100
Rethinking Regulation of International Finance encapsulates the most important aspects of the development and operation …
Persistent link: https://www.econbiz.de/10012930036
This article focuses on three recent proposed reforms to the international financial system: Basel III capital requirements, the enhanced use of supervisory colleges, and proposed bank resolution regimes. In addition to analyzing recent reform proposals, the article describes historical...
Persistent link: https://www.econbiz.de/10013110446
of a financial crisis: 1) Regulation creates two categories of financial institutions. The first class faces greater … subsidized funds to make riskier investments (including investments in the second class) without regulation compensating for …
Persistent link: https://www.econbiz.de/10013148106
Persistent link: https://www.econbiz.de/10012307709
maximization problem under constraints. We find that the quantile- and shortfall-based regulation can effectively reduce the … fully protected under either type of regulation …
Persistent link: https://www.econbiz.de/10013212632