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This paper reviews the cost-benefit analysis, or "regulatory impact analysis" (RIA), in U.S. bank regulators' risk-based capital (RBC) rule proposals. We provide a brief background on RBC rules and review the literature on their costs and benefits. We evaluate 25 proposed RBC rules and related...
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contract terms regulation. These measures were meant for removing the obstacles to competition within and between the insurance …
Persistent link: https://www.econbiz.de/10003886293
The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in … work finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the … acceleration effect for the late reformers, which points to large dynamic welfare gains from deregulation. The latter result …
Persistent link: https://www.econbiz.de/10013136581
We assess the impact of bank deregulation on the distribution of income in the United States. From the 1970s through … performance. Exploiting the cross-state, cross-time variation in the timing of branch deregulation, we find that deregulation … little impact on incomes above the median. Bank deregulation tightened the distribution of income by increasing the relative …
Persistent link: https://www.econbiz.de/10013152550
innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long … period of economic expansion during which default rates were stable and low, deregulation and unsupervised financial … argued that we need to change the way we approach the regulation of financial institutions and look at what has been done in …
Persistent link: https://www.econbiz.de/10013156908
modes. China's WTO accession leads to an export deregulation, which empowers private domestic firms with low registered …
Persistent link: https://www.econbiz.de/10012901412
Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for identifying exogenous changes in the competitive...
Persistent link: https://www.econbiz.de/10012854777
Gegenstand der vorliegenden Arbeit ist die Analyse des Einflusses der Faktoren Konjunkturerwartung, Risikoaversion des Kapitalmarktes und Liquidität auf die Marktwerte von Collateralized Debt Obligations (CDOs) verschiedener Seniorität. Es wird gezeigt, dass die Marktwerte von CDOs wesentlich...
Persistent link: https://www.econbiz.de/10003861125