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The contribution of institutionally diversified financial sectors to more sustainable growth and financial stability-in particular the role of effective local banking structures—is not always fully appreciated, whether in the context of development cooperation or in policy discussions in the...
Persistent link: https://www.econbiz.de/10012153567
The paper assesses the main factors underlying the decreasing profitability in the European banking sector, in comparison with the US. It underscores in particular the role of low interest rates, lower concentration, tighter regulation and the absence of a deep and liquid capital market. A...
Persistent link: https://www.econbiz.de/10012153570
This study has two objectives, first, to investigate if the lending behaviour of banks exhibits moral hazard in the Indian Banking Industry, and second, to investigate whether banks’ moral hazard behaviour changes when the systemic importance of the banks is taken into consideration. We...
Persistent link: https://www.econbiz.de/10013475207
In this paper, I study the impact of market competition on mutual fund marketing expenses. In a sample of US domestic equity mutual funds, I find that marketing expenses decrease with the competition. This effect is stronger for top-performing funds. These results are counterintuitive, as one...
Persistent link: https://www.econbiz.de/10011857271
As in many developing economies, cash is still widely used in Colombia, even among merchants who accept payment cards. Indeed, 60% of these merchants use dissuasive strategies to make their clients pay with cash. This paper presents estimates of merchant card fees that are optimal according to...
Persistent link: https://www.econbiz.de/10014375481
Persistent link: https://www.econbiz.de/10013463526
The author suggests that the 2008 financial crisis was the culmination of an acceleratting and inherently unstable process of financial market evolution. He argues that markets are not well organized to manage the power that financial assets have to generate emotion and their wider effect on...
Persistent link: https://www.econbiz.de/10003905008
The article presents conclusions drawn from the analysis of regulations concerning the issue of the content of business … valuation engagement letter. The analysis covered regulations appearing in eight business valuation standards used in Australia … part of the article reviews business valuation standards valid in selected countries. The second part presents regulations …
Persistent link: https://www.econbiz.de/10009511404
This study analyzes the relevance of capital adjustment and risk-taking adjustment during the financial tsunami when the banking industry was under capital regulation. Using the panel data of commercial banks in the USA and non-USA from 2003 to 2009, we consider the effects of financial freedom,...
Persistent link: https://www.econbiz.de/10009753457
financial crisis ; limited purpose banking ; maturity mismatch ; narrow money ; Pigouvian taxes ; ring fencing ; systemic …
Persistent link: https://www.econbiz.de/10009719585