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The changing nature of financial intermediation and the financial crisis of 2007-09
Adrian, Tobias; Shin, Hyun Song - 2010
The financial crisis of 2007-09 highlighted the changing role of financial institutions and the growing importance of the "shadow banking system," which grew out of the securitization of assets and the integration of banking with capital market developments. This trend was most pronounced in the...
Persistent link: https://www.econbiz.de/10003948811
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Accumulation of Financial Resources in Asian Economies
Li, Kui-Wai - 2015
This paper concentrates on three financial variables in promoting capital accumulation in the two groups of Asian economies. The empirical result shows that the ASEAN economies' financial performance is far less satisfactory than the four Asian NIEs. Considering the experience of the last two...
Persistent link: https://www.econbiz.de/10013011110
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Capital Market and Corporate Governance in India : An Overview of Recent Trends
Vasudev, P. M. - 2013
The paper reviews the developments in the capital markets and corporate governance in India since the early 1990s when the government of India adopted the economic liberalization programme. The legislative changes significantly altered the theme of Indian Companies Act 1956, which is based on...
Persistent link: https://www.econbiz.de/10013095780
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Estimating the Leverage Effect Using Panel Data With a Large Number of Stock Issues Over Short-Run Focus on the Tokyo Stock Exchange
Kitazawa, Yoshitsugu - 2017
This paper explores the leverage effect (the negative association between the stock return today and the stock return's volatility tomorrow), by utilizing the exponential ARCH type specification for panel data with a large number of stock issues and a small number of daily time series...
Persistent link: https://www.econbiz.de/10012957656
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Twenty Years of Unconventional Monetary Policies : Lessons and Way Forward for the Bank of Japan
Westelius, Niklas - 2021
The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since … the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation and inflation expectations … have remained stubbornly low. This paper examines the evolution of monetary policy in Japan over the past twenty years, in …
Persistent link: https://www.econbiz.de/10013252055
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Japan’s Economic and Financial Stagnation and the Possibility of a Second Lost Decade
Cargill, Thomas - The European Institute of Japanese Studies, … - 2004
This paper reviews the reasons why Japan has failed to resolve the economic and financial distress that started in 1990 … recovery not yet occurred, and is Japan in a second lost decade in terms of economic and financial development? I discuss how … liberalization in Japan was more a response to specific interest groups than an effort at fundamental redesign; perceived absence of …
Persistent link: https://www.econbiz.de/10005644813
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Indian financial system : reforms, policies and prospects
Bhasin, Niti - 2004
Persistent link: https://www.econbiz.de/10003375665
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The financial origins of non-fundamental risk
Acharya, Sushant; Dogra, Keshav; Singh, Sanjay R. - 2022 - Last updated: January 14, 2022
We formalize the idea that the financial sector can be a source of non-fundamental risk. Households' desire to hedge against price volatility can generate price volatility in equilibrium, even absent fundamental risk. Fearing that asset prices may fall, risk-averse households demand safe assets...
Persistent link: https://www.econbiz.de/10012798791
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Japan's financial system in transition - toward a more market-oriented system
Megumi, Suto - In: Proceedings of the Conference The Impact of Reform on …, (pp. 43-57). 2002
Persistent link: https://www.econbiz.de/10001784952