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The impact of financial globalization and financialization on the economy in the current crisis through banking corporate governance
Azkunaga, Juan Antonio; San-Jose, Leire; … - In: Contemporary economics 7 (2013) 3, pp. 79-94
This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method,...
Persistent link: https://www.econbiz.de/10010228497
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Bulgarian banking : looking for sustainability
Minasjan, Garabed A. - In: Contemporary economics 7 (2013) 3, pp. 95-114
In this work, we trace and analyze the emergence of the crisis in the Bulgarian banking system as well as the behavior of the central bank and other macroeconomic institutions. The average annual rate of growth in the net profits of the commercial banks for the period 2002-2008 amounted to...
Persistent link: https://www.econbiz.de/10010228493
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Determinants of Sino-ASEAN banking efficiency : how do countries differ?
Hasanul Banna; Karim Bux Shah Syed; Noman, Abu Hanifa Md.; … - In: Economies : open access journal 7 (2019) 1/13, pp. 1-23
The purpose of this paper is to assess the importance of geographical location in the banking sector efficiency of the … role in the efficiency of the banking sector in the Sino-ASEAN region. The significant country's coefficients suggest that …. Overall, the results suggest that Chinese banks outperform banks from the ASEAN countries in terms of efficiency. This study …
Persistent link: https://www.econbiz.de/10012020539
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Integration in banking efficiency : a comparative analysis of the European Union, the Eurozone, and the United States banks
Kolia, Dimitra Loukia; Papadopoulos, Simeon - In: Journal of capital markets studies 6 (2022) 1, pp. 48-70
Purpose - This paper investigates the development of efficiency and the progress of banking integration in the European … bootstrap DEA method, which absorbs the effects of possible integration barriers in the measurement of efficiency. Afterwards … for convergent clusters in banking efficiency. Findings - Our main findings show that the bank efficiency of the US is …
Persistent link: https://www.econbiz.de/10012887337
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Umbau der Finanzmärkte : übermäßiges Vertrauen in Marktrationalität hält an
Dullien, Sebastian - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 93 (2013), pp. 23-29
Governments on both sides of the Atlantic have reacted with a raft of new regulations to the US subprime mortgage crisis. The article argues that while these new rules actually touch many of the incentive and information problems which were instrumental in creating the crisis, they only address...
Persistent link: https://www.econbiz.de/10009728449
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Causes of the outbreak of the Eurozone crisis : the role of the USA and the European Central Bank monetary policy
Białek, Natalia - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 2, pp. 47-63
This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...
Persistent link: https://www.econbiz.de/10011402491
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Why have credit variables taken centre stage in predicting systemic banking crises?
Audit, Dooneshsingh; Nafis Alam - In: Latin American journal of central banking : LAJCB 3 (2022) 1, pp. 1-11
In this paper, we investigate the growing prominence of credit in the systemic banking crisis prediction literature. Through the application of the signal extraction model and multivariate probit panel regression, we evaluate the performance of the absolute change in credit-to-GDP ratio as an...
Persistent link: https://www.econbiz.de/10013198128
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Contagion of the subprime financial crisis on frontier stock markets : a copula analysis
Mohti, Wahbeeah; Dionísio, Andreia Teixeira Marques; … - In: Economies : open access journal 7 (2019) 1/15, pp. 1-14
This study assesses contagion from the USA subprime financial crisis on a large set of frontier stock markets. Copula models were used to investigate the structure of dependence between frontier markets and the USA, before and after the occurrence of the crisis. Statistically significant...
Persistent link: https://www.econbiz.de/10012020525
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Investigating spillover effects between foreign exchange rate volatility and commodity price volatility in Uganda
Katusiime, Lorna - In: Economies : open access journal 7 (2019) 1/1, pp. 1-17
This study investigates the impact of commodity price volatility spillovers on financial sector stability. Specifically, the study investigates the spillover effects between oil and food price volatility and the volatility of a key macroeconomic indicator of importance to financial stability:...
Persistent link: https://www.econbiz.de/10012021528
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Exchange rate regimes as thresholds : the main determinants of capital inflows in emerging market economies
Özmen, Erdal; Taşdemir, Fatma - In: Borsa Istanbul Review 23 (2023) 6, pp. 1282-1288
We investigate whether the impacts of the main push (global financial conditions, GFC) and pull (growth) factors on capital inflows are invariant to endogenously estimated thresholds for exchange rate regimes (ERRs) in emerging market economies. The impact of GFC is higher under more flexible...
Persistent link: https://www.econbiz.de/10014446821