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Does regulatory independence translate into a higher degree of liberalization? : evidence from EU energy regulators
Lindemann, Henrik - 2015
Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative...
Persistent link: https://www.econbiz.de/10010492454
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Rise of Bank Competition : Evidence from Banking Deregulation in China
Gao, Haoyu - 2019
Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local banking industrial organization and its economic consequences. We document a novel trade-off: the potential benefits of deregulation are adversely mitigated by entrant banks'...
Persistent link: https://www.econbiz.de/10012900427
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Measuring the evolution of competition and the impact of the financial reform in the Mexican banking sector, 2008-2019
Bátiz-Zuk, Enrique; Sánchez, José Luis Lara - 2021
This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and quantile regression techniques and Markov...
Persistent link: https://www.econbiz.de/10012584137
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Embedded supervision : how to build regulation into decentralised finance
Auer, Raphael A. - 2022
stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …
Persistent link: https://www.econbiz.de/10013206072
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Rise of Bank Competition : Evidence from Banking Deregulation in China
Gao, Haoyu; Hong, Ru; Townsend, Robert M.; Yang, Xiaoguang - 2022
Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local banking industrial organisation and its economic consequences. We document a novel trade-off: the potential benefits of deregulation are adversely mitigated by entrant banks’...
Persistent link: https://www.econbiz.de/10013313377
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Competition policy and sector-specific regulation in the financial sector
Hellwig, Martin - 2018
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …
Persistent link: https://www.econbiz.de/10011879119
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Competition Policy and Sector-Specific Regulation in the Financial Sector
Hellwig, Martin F. - 2018
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …
Persistent link: https://www.econbiz.de/10012914899
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Crypto trading and bitcoin prices : evidence from a new database of retail adoption
Auer, Raphael A.; Cornelli, Giulio; Dörr, Sebastian; … - 2023
Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors. To investigate the drivers of crypto adoption, we assemble a novel database (made available with this paper) on retail use of crypto exchange apps at daily frequency for 95...
Persistent link: https://www.econbiz.de/10013540782
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The Impact of European Product Regulations on Global Product Structuring
Sender, Samuel J. - 2012
This study attempts to elucidate how European regulations currently being put in place will modify the fund management industry. This study is based on an online questionnaire that was sent to professionals within the fund management industry (UCITS and alternative asset managers, their service...
Persistent link: https://www.econbiz.de/10013113661
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Dampening Financial Regulatory Cycles
McDonnell, Brett - 2013
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