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headlines since 2010. Events now known as banking or government debt crises often have had elements of both, and could have gone … banking crises as banks were for resolving sovereign debt crises. As capital movements have become more rapid and global, the …
Persistent link: https://www.econbiz.de/10013074254
the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic … risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated … tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non …
Persistent link: https://www.econbiz.de/10012864120
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
The World Bank Doing Business Project recommends that improving the registering property, enforcing contracts, and resolving insolvency indicators, being measures of the efficiency of the formal property, judicial, and insolvency systems respectively, may positively affect FSP. This is because...
Persistent link: https://www.econbiz.de/10013100340
In 1988 the new Brazilian Constitution provided for the enactment of a new Banking Law, to replace Law 4.595 of 1964 … Banking Law, to make sure it was adequate to the new era of economic stability. The new law was never produced. The Central …, valid. The introduction of microfinance, cooperatives and correspondent banking, as well as the participation of Brazil at …
Persistent link: https://www.econbiz.de/10012943491
banking services as a transaction account from their banks. Largely, foreigners are satisfied with their bank's services …; however, they feel limited in their inability to acquire some sophisticated banking services except for basic service …
Persistent link: https://www.econbiz.de/10012867425
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of “Law and finance: why does legal origin matter?” by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial...
Persistent link: https://www.econbiz.de/10013032607
We propose a mechanism that uses the financial markets to mobilize the resources of a large population of investors, to revive the impaired assets in the real sector in India today. This should also allow the economy to escape from the strangle hold of the “doom loop”, in which the financial...
Persistent link: https://www.econbiz.de/10012862265
likely to take on greater importance as the structure of financial supervision undergoes reforms, both at the European Union … level and in the Member States: the specificity of the Member States' national central banks as banking supervisors and, in …
Persistent link: https://www.econbiz.de/10013127267
of financial sector incentive compensation which six federal financial regulatory bodies have failed to promulgate since …
Persistent link: https://www.econbiz.de/10014362343