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Batz, Laure de - 2022 - This version: January 2022

This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...

Persistent link: https://www.econbiz.de/10014533580

The European AI Act’s Impact on Financial Markets : From Governance to Co-Regulation

Sciarrone Alibrandi, Antonella; Rabitti, Maddalena; … - 2023

AI regulation and the sector-specific dimensions of financial markets, with regards to the sectoral regulations that may … the traditional objectives of financial regulation. In this vein, this paper intends to identify the gaps left open by the … acknowledgment of the shortcomings related to the tools of supervised co-regulation (as regulatory sandboxes) proposed by the AI Act …

Persistent link: https://www.econbiz.de/10014360995

Regulatory requirements of banks and arbitrage in the post-crisis federal funds market

Garratt, Rod; Priazhkina, Sofia - 2022 - Last updated: November 28, 2022

This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks,...

Persistent link: https://www.econbiz.de/10013466133

Productivity growth in different firm sizes in the Malaysian manufacturing sector : an empirical investigation

Kim, Sangho; Park, Donghyun; Park, Jong-ho - 2009

Based on Cuesta (2000), this paper develops a stochastic frontier production model that allows for different groups of firms to have different patterns of technical efficiency over time. The authors apply the model to the Malaysian manufacturing sector to decompose total factor productivity...

Persistent link: https://www.econbiz.de/10003899283

Liquidity risk and monetary policy

Sauer, Stephan - 2007

This paper provides a framework to analyse emergency liquidity assistance of central banks on financial markets in response to aggregate and idiosyncratic liquidity shocks. The model combines the microeconomic view of liquidity as the ability to sell assets quickly and at low costs and the...

Persistent link: https://www.econbiz.de/10003951417

Kausalität in den Wirtschaftswissenschaften: Welche Ursachen hat die Finanzkrise?

Bernholz, Peter - 2009

Die Frage nach der Kausalität fällt in die Methodologie. Methodologie ist in den Wirtschaftswissenschaften ein Bereich, der sowohl bei Ökonomen als auch bei Philosophen kaum Beachtung findet. Ökonomik hat sich ursprünglich als eine kausal erklärende Wissenschaft verstanden. Sie wollte für...

Persistent link: https://www.econbiz.de/10003874794

The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises

Mizen, Paul; Tsoukas, Serafeim - 2012

Persistent link: https://www.econbiz.de/10009573276

A panic-prone pack? : the behavior of emerging market mutual funds

Borensztein, Eduardo; Gelos, Gaston - 2001

This paper explores the behavior of emerging market mutual funds using anovel database covering the holdings of individual funds over the periodJanuary 1996 to March 1999. An examination of individual crises shows that,on average, funds withdrew money one month prior to the events. Thedegree of...

Persistent link: https://www.econbiz.de/10011400340

A double-edged sword : high interest rates in capital control regimes

Gudmundsson, Gudmundur S.; Gylfi Zoega - 2016

This paper describes the relationship between central bank interest rates and exchange rates under a capital control regime. Higher interest rates may strengthen the currency by inducing owners of local currency assets not to sell local currency off shore. There is also an effect that goes in...

Persistent link: https://www.econbiz.de/10011415751

Global cycles : capital flows, commodities, and sovereign defaults, 1815-2015

Reinhart, Carmen M.; Reinhart, Vincent; Trebesch, Christoph - 2016 - This draft: January 13, 2016

Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date turning points in global capital flows and commodity prices across two centuries and provide estimates from alternative data...

Persistent link: https://www.econbiz.de/10011421571