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a banking regulation, literature on insurance regulation is scarce and mainly focused on asymmetry issues. In this paper …, we describe the reasons for an insurance regulation. Recent developments faced by insurers modified the risks encountered … outline the specificities of the new framework for the regulation of European insurance undertakings, Solvency II, as it is …
Persistent link: https://www.econbiz.de/10005146714
The purpose of this paper is to reflect the behavioral biases that led to this global financial crisis. The paper presents briefly the real causes of the crisis (structural and cyclical factors) and puts a greater accent on the behavioral factors. The authors considered to structure the paper in...
Persistent link: https://www.econbiz.de/10009650806
Finance has pro- posed a new Micro Finance Institutions (Development & Regulation) Bill. This paper undertakes a detailed …
Persistent link: https://www.econbiz.de/10009324032
The paper has three purposes. First, it explains how the impact of liberalization of service sectors on output growth differs from that of liberalization of trade in goods. Second, it suggests a policy-based rather than outcome-based measure of the openness of a country’s services regime. Such...
Persistent link: https://www.econbiz.de/10009392049
paper, we review facts and recent experience about Indian microfinance. We analyse the puzzles of financial regulation in …-prudential regulation need to be modified owing to joint-liability groups. From this perspective, we suggest regulatory strategies that need …
Persistent link: https://www.econbiz.de/10010550685
, regulation, socio-economic factors (education and quality of life) and the tax treatment of foreign institutions, that determine …
Persistent link: https://www.econbiz.de/10010752484
, regulation, socio-economic factors (education and quality of life) and the tax treatment of foreign institutions, that determine …
Persistent link: https://www.econbiz.de/10010752530
banks' liquidity risk management. Our main question is whether the presence of liquidity regulation substitutes or … complements banks' incentives to hold liquid assets. Our results reveal that in the absence of liquidity regulation, the … substituted by liquidity regulation, a bank's disclosure requirement and size remain significant. A key takeaway from our analysis …
Persistent link: https://www.econbiz.de/10010757282
Bank deregulation in the form of the repeal of the Glass-Steagall Act facilitated the entry of non-bank lenders into the market for syndicated loans during the pre-2008 credit boom. Institutional investors disproportionately purchase tranches of loans originated by universal banks able to...
Persistent link: https://www.econbiz.de/10014533282
This paper builds a model of a regulation game, in which the active regulator moves first and designs the regulation … strategically and diversify their portfolios within the network in response to the regulation. Multiple equilibrium network … equilibrium strategy for banks is to form the most-risky network structure if the regulation is tighter than a threshold and form …
Persistent link: https://www.econbiz.de/10014235971