We investigate whether idiosyncratic interbank funding shocks affecting a bank headquarters can trigger a liquidity hoarding reaction by their regional branches. Shock-affected branches of Brazilian banks increase liquid assets and cut lending in the shocks' aftermath compared to non-affected...

1. Introduction -- 2. Foundations of financial regulation -- 3. The information problem and regulatory failure -- 4. An introduction to financial innovation -- 5. Forms of fintech – a market observation -- 6. What’s new about fintech (and what isn’t)? -- 7. Digital Disruption –...

This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on economic growth using time series data for the period 1970-2019. The paper employs Autoregressive Distributed Lag (ARDL) model. To ensure robustness of results, the study accounts...