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This Article maps financial crisis containment - extraordinary measures to stop the spread of financial distress - as a category of legal and policy choice. I make three claims.First, containment is distinct from financial regulation, crisis prevention and resolution. Containment is brief; it...
Persistent link: https://www.econbiz.de/10013160004
requirements, the enhanced use of supervisory colleges, and proposed bank resolution regimes. In addition to analyzing recent …
Persistent link: https://www.econbiz.de/10013110446
distress. We build the first comprehensive dataset on China’s overseas bailouts between 2000 and 2021 and provide new insights … by the People’s Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in … together, China’s overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …
Persistent link: https://www.econbiz.de/10014247738
The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a significant impact on per capita GDP by providing means of payment. An annual database of 85 countries spanning the 1980-2008 period is exploited to this end. On the descriptive front,...
Persistent link: https://www.econbiz.de/10010325088
countries. The European Central Bank (ECB), jointly with the Banking Supervision Committee (BSC), has an interest in monitoring …
Persistent link: https://www.econbiz.de/10011606251
The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a significant impact on per capita GDP by providing means of payment. An annual database of 85 countries spanning the 1980-2008 period is exploited to this end. On the descriptive front,...
Persistent link: https://www.econbiz.de/10009627389
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010223077
The recent financial crisis has demonstrated that a failure of Systemically Important Financial Institutions (SIFIs) could seriously damage the stability of the financial system. A precise and consistent definition of a SIFI is pivotal to ensure efficient and effective regulation of the global...
Persistent link: https://www.econbiz.de/10011541382
matter for the relative merits of bank-based and market-based financial systems. Market-based systems work better in low rule … of law countries, while bank-based systems are more efficient in high-rule of law countries. These results are consistent … with the premise that market-based systems’ superiority in solving the incomplete information problem dominates over bank …
Persistent link: https://www.econbiz.de/10009673697
The aim of this paper is to analyze the effect of corruption in bank lending. Corruption is expected to hamper bank …. Nevertheless the similarities between the consequences for bank lending of law enforcement and corruption are misleading, as they … consider only judiciary corruption. Corruption can also occur in lending and may then be beneficial for bank lending via bribes …
Persistent link: https://www.econbiz.de/10003826473