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The new regulation was introduced to the franchise market of South Korea in that an applicant who wants to be a … purpose of the regulation, it is inferred that once franchisers run their own stores, their franchisees would be better off … regulation. Along the line, this paper investigates whether franchisees would have a more likelihood to make profit in case of …
Persistent link: https://www.econbiz.de/10015054149
This paper studies the mid-September 2019 stress in U.S. money markets: On September 16 and 17, unsecured and secured funding rates spiked up and, on September 17, the effective federal funds rate broke the ceiling of the Federal Open Market Committee (FOMC) target range. We highlight two...
Persistent link: https://www.econbiz.de/10012619495
Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct legal entities and across a range of geographies. While such complexity raises the costs of bank resolution when organizations fail, the effect of complexity on BHCs' broader...
Persistent link: https://www.econbiz.de/10012619507
Economists have extensively analyzed the regulation of banks and the banking industry, but have devoted considerably … "supervision" and "regulation" interchangeably. This paper provides a heuristic review of the economics literature on … activity distinct from regulation (rulemaking) is just now emerging and has considerable room to grow. Meanwhile, the empirical …
Persistent link: https://www.econbiz.de/10012619529
This paper characterizes the run behavior of sophisticated (institutional) and unsophisticated (retail) investors by studying the runs on prime money market funds (MMFs) of March 2020, at the beginning of the COVID-19 pandemic. For both U.S. and European institutional prime MMFs, the runs were...
Persistent link: https://www.econbiz.de/10012619533
complicated insurance mandates. Overall, our findings speak to the unintended consequences of (well-intentioned) regulation. They …
Persistent link: https://www.econbiz.de/10013330027
. Microprudential regulation of banks plays a role, influencing leverage and capitalization, changing sensitivities to shocks, and also …
Persistent link: https://www.econbiz.de/10014581735
Persistent link: https://www.econbiz.de/10014245343
Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is here to stay? We explore this question by examining...
Persistent link: https://www.econbiz.de/10011447113
Persistent link: https://www.econbiz.de/10000097366