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corporate governance and creditor rights protection, and promoting the emergence of institutional investors would be beneficial. …
Persistent link: https://www.econbiz.de/10005605312
During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is...
Persistent link: https://www.econbiz.de/10008528697
Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional...
Persistent link: https://www.econbiz.de/10008671297
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by … system soundness and regulatory governance, based on country data collected from the Financial Sector Assessment Program … (FSAP). Regression results indicate that regulatory governance has a significant influence on financial system soundness …
Persistent link: https://www.econbiz.de/10005825836
The literature stresses the importance of financial market characteristics in determining the supervisory architectures. In the real world it is not always clear to what extent market features are taken into account. We present two complementary approaches to gain insights in the above...
Persistent link: https://www.econbiz.de/10005768758
This paper presents Barbados’s Financial System Stability Assessment Update as part of the Financial Sector Assessment Program Update. The domestic banking sector appears sound and profitable and continues to dominate the financial system. The financial system has benefited from the...
Persistent link: https://www.econbiz.de/10011243853
governance challenges. Risks include the use of the endowment for purposes other than members' best interest, such as empire … corporate governance is warranted and that cooperatives need mechanisms enabling them to better manage their capital. …
Persistent link: https://www.econbiz.de/10005264159
mature and emerging markets. We suggest that core aspects such as benchmarking, corporate governance and disclosure, credit …
Persistent link: https://www.econbiz.de/10005264116
The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a...
Persistent link: https://www.econbiz.de/10005769128
Credit ratings have contributed to the current financial crisis. Proposals to regulate credit rating agencies focus on micro-prudential issues and aim at reducing conflicts of interest and increasing transparency and competition. In contrast, this paper argues that macro-prudential regulation is...
Persistent link: https://www.econbiz.de/10008528614