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institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk … and risk takers form a new risk-bearing stakeholder class, and a home-country-based resolution regime operates for the … effective resolution process, incentives for excessive risk taking will continue unless the costs of risk decisions are …
Persistent link: https://www.econbiz.de/10008657240
Persistent link: https://www.econbiz.de/10012963587
We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...
Persistent link: https://www.econbiz.de/10012859862
The central problem for financial regulation is reducing systemic risk. Systemic risk is the risk that the failure of … related limitations on bank size would not reduce systemic risk … paper addresses the five most important policies for dealing with systemic risk: the imposition of capital requirements, the …
Persistent link: https://www.econbiz.de/10013143703
This study aims to examine the impact of financial inclusion on financial stability across 54 African countries. Using country-level data that spans a 20-year period from 2000 to 2020, the findings suggest a positive association between the level of account penetration and financial stability....
Persistent link: https://www.econbiz.de/10014503158
financial sector and macroeconomic policies and goes on to review financial sector regulation in the pre-crisis, mid-crisis and … regulation can be oriented towards achieving the development objectives of EMEs without necessarily sacrificing prudent … regulation and financial stability considerations, and that EMEs can supplement their development objectives with other well …
Persistent link: https://www.econbiz.de/10013091409
/methodology/approach – Kane's regulatory dialectic suggests that regulation of financial institutions is a series of cyclical interactions between … groups).Findings – Since 2007 the government focused on regulating interest rates, developing a liquidity fund for banking …
Persistent link: https://www.econbiz.de/10013032142
This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a … external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for … banking services and financial instruments. The regulatory indicators are assembled from surveys conducted by the World Bank …
Persistent link: https://www.econbiz.de/10012444857
panic-proofed and with much less regulation than is currently on the books and in the works …
Persistent link: https://www.econbiz.de/10012916205
This article explores some of the difficult issues in financial regulation for financial stability. Noting the lack of … prior academic work in the topic, this article presents a discussion of some difficult issues in financial regulation for … financial regulation and supervision without limiting the ability of financial institutions to exploit emerging profitable …
Persistent link: https://www.econbiz.de/10013298304