Showing 1 - 10 of 2,244
has developed within both disciplines with respect to regulation – for an analysis of the credit rating industry …
Persistent link: https://www.econbiz.de/10012996708
Using micro price data covering the Great Recession period, we document new facts on price rigidity in France: (i) each month, 17% of prices are changed versus 23% in the United States. When sales are excluded, only 14% of prices are modified in France versus 15% in the United States; (ii) the...
Persistent link: https://www.econbiz.de/10013084562
crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral …
Persistent link: https://www.econbiz.de/10010342820
Over-the-counter (OTC) traders cannot pursue the two fundamental objectives of portfolio management, the identification of portfolio market risk and return and its diversification. The result of this major market shortcoming is a complex, systemically risky market disequilibrium. The tradable...
Persistent link: https://www.econbiz.de/10013019443
This Comment evaluates four recent proposals to reform tax laws affecting the financial industry. After introducing the proposals, the author provides a theoretical framework for evaluating them and then relies on this framework to explore the benefits and drawbacks of each. Ultimately, the...
Persistent link: https://www.econbiz.de/10013135154
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
will offer a guide to the antitrust community that will cover the U.S. financial sector, financial regulation, and the … debacle and subsequent financial crisis. The tensions that can arise between financial regulation and antitrust will be … market power. Although much progress has been made in removing anticompetitive elements from financial regulation over the …
Persistent link: https://www.econbiz.de/10013158068
The benefits of top down financial reporting regulation over the past eight decades are less obvious than its failures …
Persistent link: https://www.econbiz.de/10012954874
From European integration to domestic politics to the development of the global economy, technocracy and private ordering have shaped economic behaviour. Such transformative private-driven forces of economic activity flourished through the promulgation of voluntary standards. In view of the...
Persistent link: https://www.econbiz.de/10012794045
premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …
Persistent link: https://www.econbiz.de/10012022346