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Cross-border banking needs cross-border recapitalisation mechanisms. Each mechanism, however, suffers from the financial trilemma, which is that cross-border banking, national financial autonomy and financial stability are incompatible. In this paper, we study the efficiency of different burden...
Persistent link: https://www.econbiz.de/10010326307
This paper challenges the prevailing view of the efficacy of harmonization of international financial regulation and … increasing the flexibility of the international financial regulatory architecture, as a means of reducing systemic risk, It … regulatory error's increasing systemic risk, by reducing the likelihood that international banks worldwide will follow broadly …
Persistent link: https://www.econbiz.de/10013090480
to private lenders and banking groups. The system could overcome many of the current issues that plague the international …
Persistent link: https://www.econbiz.de/10003873257
Persistent link: https://www.econbiz.de/10013150928
Over the last few decades several countries have turned to inflation targeting as a policy choice for instilling stability into their economies. Prior studies have shown that inflation targeting has reduced inflation in those countries without significantly impacting GDP. This study seeks to...
Persistent link: https://www.econbiz.de/10010906733
This paper develops a simple model of an international lender of last resort (ILOLR). The world economy consists of … exchange rate. The fragility of the banking system and the limited ability of a domestic central bank to provide international … liquidity together can cause currency and banking crises. An international interbank market can help an economy with the needed …
Persistent link: https://www.econbiz.de/10014152993
Our review of the main proposals on international financial architecture currently under consideration gives reasons … impact. Sustainable development requires initiatives addressing the failures of international financial markets that make …
Persistent link: https://www.econbiz.de/10014149590
Many authors relate a firm's performance to legal and political features and the regulatory environment in which it operates. This article compares firms' capital structure adjustments across countries and investigates whether institutional differences help explain the variance in estimated...
Persistent link: https://www.econbiz.de/10011039257
are neutral to tax payers and international capital markets. …
Persistent link: https://www.econbiz.de/10011753210
are neutral to tax payers and international capital markets. …
Persistent link: https://www.econbiz.de/10010316065