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Measuring financial market integration over the long run : is there a u-shape?

Volosovych, Vadym - 2011

Using long time series for sovereign bond markets of fifteen industrialized economies from 1875 to 2009, I find that financial market integration by the end of the 20th century was higher than in earlier periods and exhibited a J-shaped trend with a trough in the 1920s. The main reason for the...

Persistent link: https://www.econbiz.de/10011382994

Basel III : Post-Financial Crisis International Financial Regulatory Reform

Lee, Emily - 2015

In the global financial crisis of 2007-2009, concern of systemic risk ultimately forced many national governments to take unprecedented action to inject liquidity, provide capital support and give guarantees to domestic and international financial institutions considered as systemically...

Persistent link: https://www.econbiz.de/10013029820

Financial Globalization and Regulation

Arestis, Philip; Basu, Santonu - 2004

liberalization, is only a necessary condition for financial globalization, however. The sufficient condition is the creation of world …

Persistent link: https://www.econbiz.de/10014073890

DeFi-A Framework of the Automated Financial Open System

Villanueva Collao, Vanessa - 2023

DeFi, or Decentralized Finance, is the technological distribution of financial services empowered by blockchain. This alternative market deals with similar processes of traditional finance involving the creation, management, and investment of money and financial assets. However, the fundamental...

Persistent link: https://www.econbiz.de/10014350935

Reconceptualising Global Finance and Its Regulation

Nabilou, Hossein - 2017

flaws in its governance and regulation, and to propose remedies for the deficiencies in the governance and regulation of the … its fragmented, unsystematic, inconsistent, and incomplete regulation and governance …

Persistent link: https://www.econbiz.de/10012967567

FinTech in Uganda : Implications For Regulation

Rowan, Philip - 2020

world, including the UK, Kenya, Australia, South Africa, the Financial Stability Board, and the International Monetary Fund …

Persistent link: https://www.econbiz.de/10012831902

The Two‐Tiered Politics of Financial Reform in the United States

Woolley, John T.; Ziegler, J. Nicholas - 2011

The literature on regulation has typically emphasized the ability of concentrated interest groups to secure the rules …‐roots advocacy groups for more stringent regulation. As a result, Dodd‐Frank Act falls far short of a thorough‐going redesign of the … legislation: macroprudential regulation, consumer protection, reestablishment of the partition between deposit banking versus …

Persistent link: https://www.econbiz.de/10014176301

An Asian perspective on global financial reforms

Morgan, Peter J.; Pontines, Victor - 2013

The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and liquidity rules. Part one reviews the lessons of the global financial crisis (GFC) of 2007-09 and...

Persistent link: https://www.econbiz.de/10009783717

Temporal effects of Financial Globalization on Income Inequality

Khan, Haris - 2020

Through parametric accelerated failure time survival analysis on a panel of 120 countries for 1970-2018, the study finds empirical evidence that time to upsurge in income inequality declines after a country liberalizes investment across borders. This occurs with a significant non-monotonic...

Persistent link: https://www.econbiz.de/10012845425

Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?

Haufler, Andreas - 2016

We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...

Persistent link: https://www.econbiz.de/10012978391