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Unintended consequences of the global derivatives market reform

Gandré, Pauline; Mariathasan, Mike; Merrouche, Ouarda; … - 2020

We investigate regulatory arbitrage during the G20's global derivatives market reform. Using hand-collected data on staggered reform progress, we find that banks shift their trading towards less regulated jurisdictions. The result is driven by agenda items – such as the promotion of central...

Persistent link: https://www.econbiz.de/10012179682

A lost game of bank gargains : West Germany and international banking regulation between Bretton Woods and Basel I (1972-1988)

Kemmerer, Matthias - In: Jahrbuch für Wirtschaftsgeschichte 64 (2023) 2, pp. 339-375

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles-based informal co- and self-regulation through domestic...

Persistent link: https://www.econbiz.de/10014436557

Financial Liberalization, International Monetary Dis/Order, and the Neoliberal State

Canova, Timothy A. - 2009

two of the article analyzes the relationship between central bank autonomy, another institutional pillar of the new world … globalization …

Persistent link: https://www.econbiz.de/10014055937

The Lucas Paradox and the quality of institutions : then and now

Schularick, Moritz (contributor); … - 2008

In the first era of financial globalization (1880-1914), global capital market integration led to substantial net … capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization … movements. -- capital market integration ; financial globalization ; economic history …

Persistent link: https://www.econbiz.de/10003655033

Re-Imagining Offshore Finance : Market-Dominant Small Jurisdictions in a Globalizing Financial World

Bruner, Christopher M. - 2016

Small jurisdictions have become significant players in cross-border corporate and financial services. Their nature, legal status, and market roles, however, remain under-theorized. Lacking a sufficiently nuanced framework to describe their functions in cross-border finance - and the peculiar...

Persistent link: https://www.econbiz.de/10013007073

A World Between Crises

Kolodko, Grzegorz W. - 2016

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

Large Global Volatility Shocks, Equity Markets and Globalisation : 1885-2011

Mehl, Arnaud - 2015

I estimate the transmission of large global volatility shocks in international equity markets from the earlier (pre-1914) to the modern era of globalisation. To that end, I identify 43 such shocks over the period 1885-2011, defined as significant increases in unanticipated volatility in US...

Persistent link: https://www.econbiz.de/10013035639

Global Financial Cycles Since 1880

Potjagailo, Galina - 2020

With the aim to provide a detailed understanding of global financial cycles and their relevance over time, we analyse co-movement in credit, house prices, equity prices, and interest rates across 17 advanced economies over 130 years. Using a time-varying dynamic factor model, we observe global...

Persistent link: https://www.econbiz.de/10012832636

Global financial cycles since 1880

Potjagailo, Galina; Wolters, Maik H. - 2019

globalization from 1880 to 1913 and the Great Depression. We find that joint global dynamics across various financial quantities and …

Persistent link: https://www.econbiz.de/10011987786

Taming the gobal financial cycle : central banks and the sterilization of capital flows in the first era of globalization

Bazot, Guillaume; Monnet, Eric; Morys, Matthias - 2019

an answer for the First Age of Globalization based on an exceptionally detailed and standardized database of monthly … balance sheets of all central banks in the world (i.e. 21) over 1891-1913. Investigating the impact of a global interest rate …

Persistent link: https://www.econbiz.de/10012124694