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This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally …
Persistent link: https://www.econbiz.de/10013097823
This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally …
Persistent link: https://www.econbiz.de/10011084310
Persistent link: https://www.econbiz.de/10009679652
This paper compares four commonly used systemic risk metrics using data on U.S. financial institutions over the period 2005-2014. The four systemic risk measures examined are the (i) marginal expected shortfall, (ii) codependence risk, (iii) delta conditional value at risk, and (iv) lower tail...
Persistent link: https://www.econbiz.de/10012855872
financial and economic crisis, starting in 2007. Therefore, a more resilient financial and economic system requires the re-regulation …
Persistent link: https://www.econbiz.de/10011431645
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009524338
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009488633
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
Zeise erörtert, warum der Finanzsektor in die Krise geraten ist und fordert eine Abkehr vom neoliberalen … Finanzkrise geführt haben. Hier werden die kleinen und großen Krisen des Kapitalismus, Inflation, Währungskrisen und Staatspleiten … verantwortlichen Finanzsektor zu bändigen. Er bezeichnet die staatlichen Maßnahmen, die den Banken verordnet wurden, als absolut …
Persistent link: https://www.econbiz.de/10008738643
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …
Persistent link: https://www.econbiz.de/10013136951