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regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012030889
Rethinking Regulation of International Finance encapsulates the most important aspects of the development and operation … failed to effectively predict and respond to real-world financial crises? The answer, as this challenging book shows, is that …
Persistent link: https://www.econbiz.de/10012930036
The issues in today's crisis – and indeed in the most important crises, historically – can best be understood as a manifestation of asymmetric information in an environment of rapid financial innovation. The present paper reviews the asymmetric information and financial innovation frameworks...
Persistent link: https://www.econbiz.de/10013104093
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346
Online trading platforms and internet communities facilitate access to financial markets and let investors reduce transaction and coordination costs. In this way: (1) they permit many people to be directed towards a single goal, but, at the same time, (2) they allow operations aimed at...
Persistent link: https://www.econbiz.de/10012587732
financial regulation and commercial fraud control. By the nineties, however, this process had gone into reverse. The following … reference to general trends in financial regulation, the conventional politics of law and order and the practice of commercial … show how a sharp rise in the prominence of financial regulation as a political issue first coupled commercial fraud control …
Persistent link: https://www.econbiz.de/10013147297
Persistent link: https://www.econbiz.de/10012947392
The Catawba Digital Economic Zone (“CDEZ”) achieved a number of firsts when it launched in late 2022: the world’s first … Regulation to regulate the issuance of new rules; a Digital Assets Regulation legally defining Blockchain, Non-Fungible Token …
Persistent link: https://www.econbiz.de/10014349518
the world is going from one crisis to another. Thus one must consider not only the economics of crisis but as well a kind …
Persistent link: https://www.econbiz.de/10012985518
It has taken two crises - the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009 - for the international community to seriously focus on the reform of the international financial architecture for crisis prevention, management and resolution. Facing the global...
Persistent link: https://www.econbiz.de/10003901587