Showing 1 - 10 of 907
The London Stock Exchange (LSE) has been an institution caught in the midst of political, economic and technological change. Systemic changes sweeping through the industry have set off chain reactions of demutualization, consolidation and diversification. The LSE has not been immune to these...
Persistent link: https://www.econbiz.de/10012986252
We study domestic and international drivers of long-term interest rates using newly compiled financial market data for Switzerland starting in 1852. We use a time-varying parameter vector autoregressive model to estimate long-term trends in nominal interest rates, exchange rate growth, and...
Persistent link: https://www.econbiz.de/10013175583
We investigate how settlement banks in CHAPS, the United Kingdom's large-value payment system, deal with operational risk. In particular, we are interested in payments behaviour towards a bank that is, for operational reasons, unable to make but able to receive payments. If other banks did not...
Persistent link: https://www.econbiz.de/10013159107
Persistent link: https://www.econbiz.de/10001676547
1. Financial reform in Australia -- 2. Price stabilization, the banking crisis and financial reform in Brazil -- 3 …. Financial reform in Canada : past, present and future -- 4. Financial system reform in China -- 5. Financial reform in Germany … -- 6. Financial reform in Hong Kong -- 7. Financial reform in Italy -- 8. Financial reform in Japan -- 9. Financial sector …
Persistent link: https://www.econbiz.de/10012420082
This study estimates the impact of financial deregulation on top income shares. Using the novel econometric method of constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997-1999 increased the share of pre-tax incomes going to...
Persistent link: https://www.econbiz.de/10011794575
This study estimates the impact of financial deregulation on top income shares. Using the novel econometric method of constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997-1999 increased the share of pre-tax incomes going to...
Persistent link: https://www.econbiz.de/10011436654
This study estimates the impact of financial deregulation on top income shares. Using the novel econometric method of constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997-1999 increased the share of pre-tax incomes going to...
Persistent link: https://www.econbiz.de/10011450671
In this paper, using new estimates of the size of the UK's capital market, we examine financial development and investor protection laws in Britain c.1900 to test the influential law and finance hypothesis. Our evidence suggests that there was not a close correlation between financial...
Persistent link: https://www.econbiz.de/10012102541
This paper presents annual stock market capitalization data for 17 advanced economies from 1870 to today. Extending our knowledge beyond individual benchmark years in the seminal work of Rajan and Zingales (2003) reveals a striking new time series pattern: over the long run, the evolution of...
Persistent link: https://www.econbiz.de/10011941845