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has arisen with him. However, along Non-Banking financial institutions – among microfinance institutions – usurers still …
Persistent link: https://www.econbiz.de/10013056999
This paper investigates the influence of corporate governance on financial firms' performance during the 2007-2008 financial crisis. Using a unique dataset of 296 financial firms from 30 countries that were at the center of the crisis, we find that firms with more independent boards and higher...
Persistent link: https://www.econbiz.de/10013117085
and were rarely followed up. Important issues, notably the weak capital base and lack of resilience of the banking systems …
Persistent link: https://www.econbiz.de/10013124113
Financial innovation is inextricably tied to asymmetric information and therefore sets the stage for financial crises. Over history, every truly meaningful crisis has had elements of asymmetric information, particularly affecting innovative financial instruments that are primary market...
Persistent link: https://www.econbiz.de/10013160426
banking directly to supercharged capital markets, Main Street to Wall Street. This was not just a housing bubble bursting; it …
Persistent link: https://www.econbiz.de/10013156547
Regulatory arbitrage is an indispensable element of regulatory competition as it provides regulatory substitutes for firms, and allows those firms to optimally benefit from such competition. This also increases the elasticity of demand for regulators and engenders accountability among them....
Persistent link: https://www.econbiz.de/10012974012
Financial markets have experienced unprecedented transformations, signs of which have emerged since the late 1970s. In recent years substantial consolidation occurred. In response to changes in macroeconomic variables, such as GDP, industrial production, inflation and the political business...
Persistent link: https://www.econbiz.de/10013027466
From the dawn of civilization, the ever-growing sophistication of human society, division of labour, specialization, and comparative advantage rendered trade an indispensable part of any human enterprise. The need for trade begets the need for finance, and as trade becomes globally...
Persistent link: https://www.econbiz.de/10012967567
Many countries around the world have experienced banking crises in the past two decades, and all countries are … witnessing substantial changes in the structure and nature of banking. These developments have led national and multilateral … policymakers to focus increased attention on the crucial role of banking supervision. This focus is reinforced by the fact that …
Persistent link: https://www.econbiz.de/10013112112
This paper presents and explains the newly rediscovered and transcribed daily market gold price from 1919-1968 for the world's main gold market during the period, the London Gold Fixing Auction. The paper highlights several novel features previously not discussed in the literature, such as gold...
Persistent link: https://www.econbiz.de/10014429125