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Why is the Eurozone's Leverage of Competitiveness Neglected in Economic Theory?
Skouras, Thanos (Athanasios) - 2022
competitiveness is first simply demonstrated. It is then argued that there is a discordance between economic theory, and particularly … the theory of international trade, and the concept of competitiveness. The dissonance extends across a number of … competitiveness by economic theory not only in the context of the Eurozone but more generally. The general disregard of the …
Persistent link: https://www.econbiz.de/10013293632
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Bank competition and international financial integration : evidence using a new index
Pasricha, Gurnain Kaur - 2009
In the debate on the benefits of international financial integration, recent literature has emphasized the development of domestic markets as a precondition. This paper offers an alternative view. Lack of competition in domestic financial systems may prevent countries from reaping the benefits...
Persistent link: https://www.econbiz.de/10011373507
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Bank competition and international financial integration : evidence using a new index
Pasricha, Gurnain Kaur - 2010
This paper finds a strong empirical link between domestic banking sector competitiveness and de facto international …. The strong empirical link between de-facto integration and domestic financial sector competitiveness allows us to …
Persistent link: https://www.econbiz.de/10008771582
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Reducing macroeconomic imbalances in Turkey
Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; Erdoğan … - 2014
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
Persistent link: https://www.econbiz.de/10010464946
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The Transformation of U.S. Banking and Finance : From Regulated Competition to Free-Market Receivership
Canova, Timothy A. - 2008
This article offers a critique of the deregulation of banking and finance that started with the breakdown of the Bretton Woods regime of fixed exchange rates during the Nixon administration, accelerated with interest rate deregulation during the Carter administration, and was deepened during the...
Persistent link: https://www.econbiz.de/10014056011
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Regulatory competition in credit markets with capital standards as signals : conference paper
Haufler, Andreas; Maier, Ulf - 2013 - Preliminary and incomplete, February 2013
This paper studies regulatory competition in the banking sector in a model where banks are heterogeneous and taxpayers come up for the losses of failing banks. Capital requirements force the weakest banks to exit the market. This gives rise to a signalling effect of capital standards, as...
Persistent link: https://www.econbiz.de/10010342193
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Regulatory competition in capital standards with selection effects among banks
Haufler, Andreas; Maier, Ulf - 2016
Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, thus suggesting a "race to the top" in capital standards. We study regulatory competition when banks are heterogeneous and give loans to firms that produce output in...
Persistent link: https://www.econbiz.de/10011445611
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Regulatory competition in capital standards with selection effects among banks
Haufler, Andreas; Maier, Ulf - 2016
Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are heterogeneous and give loans to firms that produce output in...
Persistent link: https://www.econbiz.de/10011447527
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Is the Financial Safety Net a Barrier to Cross-Border Banking?
Huizinga, Harry - 2011
A bank's interest expenses are found to increase with its degree of internationalization as proxied by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. Our benchmark estimation...
Persistent link: https://www.econbiz.de/10013117739
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Competition, Concentration and Foreign Capital in the Polish Banking Sector (Prior and During the Financial Crisis)
Pawlowska, Malgorzata - 2012
The aim of the study is to estimate the level of competition and concentration in the Polish banking sector in 1997-2009 (prior the financial crisis and during the crisis). In this paper the Panzar and Rosse model (P-R) and the Lerner index (LI) have been used for the evaluation of competition....
Persistent link: https://www.econbiz.de/10013096327