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The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and financial channels, underscoring how vulnerable the region is to external shocks. This paper...
Persistent link: https://www.econbiz.de/10010286175
U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However, the gradual shift away from Glass-Steagall and the introduction of the Financial Modernization Act (FMA) generated a disorderly mix of functions and products across institutions,...
Persistent link: https://www.econbiz.de/10003859805
The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and financial channels, underscoring how vulnerable the region is to external shocks. This paper...
Persistent link: https://www.econbiz.de/10003983102
-level institutions such as the International Monetary Fund and the Financial Stability Board. This potential role includes: (i …
Persistent link: https://www.econbiz.de/10010240660
the deregulation of the national and international financial system and the switch to a shareholder oriented corporate … the basic structures of the financial system were not changed. Both, the international financial system as well as the … on the agenda of governments and international institutions. Policies to change income and wealth distribution are not on …
Persistent link: https://www.econbiz.de/10011449136
This paper links reform of the international financial regulatory system with reform of the international monetary … international monetary side, I emphasize what needs to be done to discourage "beggar-thy-neighbor" exchange rate policies, including … agreeing on a graduated set of penalties for countries that refuse persistently to honor their international obligations on …
Persistent link: https://www.econbiz.de/10013130136
architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction. These two …
Persistent link: https://www.econbiz.de/10013132784
U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However, the gradual shift away from Glass-Steagall and the introduction of the Financial Modernization Act (FMA) generated a disorderly mix of functions and products across institutions,...
Persistent link: https://www.econbiz.de/10013160372
Recent studies suggest liquidity regulation contributed to the rise in excess reserves, but capital regulations may matter, too. We use a simple model to show that banks may tilt portfolios away from higher risk-weighted assets like loans and toward lower risk-weighted assets like reserves and...
Persistent link: https://www.econbiz.de/10012824130
Liquidity risk has received increased attention recently, especially in light of the 2007-2009 financial crisis, when banks' extensive reliance on short-term funding, maturity mismatches between assets and liabilities, and insufficient liquidity buffers made them quite susceptible to liquidity...
Persistent link: https://www.econbiz.de/10013013552