Showing 1 - 10 of 11,074
Persistent link: https://www.econbiz.de/10001593478
computing - arguably increases the need for and the complexity of regulation. This is not least because of the need to cover … independent regulation of telecoms is necessary to facilitate and promote commercialisation, liberalisation and privatisation of … banks and for the development of telecom and other utility service regulation …
Persistent link: https://www.econbiz.de/10014113351
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
We examine the hold-up problem of price regulation and compare it with the monetary policy credibility problem. For …-up problem in regulation turns out to be more serious than the inflation bias problem in monetary policy. Even with far …
Persistent link: https://www.econbiz.de/10012760882
This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...
Persistent link: https://www.econbiz.de/10014514254
This paper explores the similarity of the underlying economic problems that lead to the establishment of (a) independent central banks to operate national monetary policies and (b) independent regulatory agencies for telecommunications and other utility service industries. We show that, in both...
Persistent link: https://www.econbiz.de/10014091599
Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyse the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides an automatic enrollment or...
Persistent link: https://www.econbiz.de/10012985793
The European Central Bank (ECB) ranks highly on the author's proposed central bank disclosure inidcator, measuring activities of central banks to enhance the public's understanding of their policies. Nevertheless, the survey evidence offered in this contribution suggests that private-sector...
Persistent link: https://www.econbiz.de/10014212571
The objective of this work is to offer a political delegation approach for the analysis of the financial sector supervision. Focusing on the key issue in the debate on financial supervision structure - single authority versus multi-authorities model - the paper claims that the optimal degree of...
Persistent link: https://www.econbiz.de/10014073658
The paper examines the impact of central bank regulatory policies on market power in Africa. The study presents a representative sample of 52 African economies over the period 2006-2020. The study shows that the individual regulatory policies of the central bank (i.e. monetary and...
Persistent link: https://www.econbiz.de/10014500771