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This study investigates the link between bank lending behavior and country-level instability. Our dynamic model of bank …'s profit maximization predicts a non-monotonic relationship between bank lending and macroeconomic uncertainty. We test this … lending ratio in times of substantial economic volatility, which could be explained by higher risk aversion of bank managers …
Persistent link: https://www.econbiz.de/10013104157
the international best practices in bank governance and regulation and listing of major banks at the Hong Kong stock … rather than fundamental change in banker's incentives. Reforms of bank governance and regulatory framework need more time to …
Persistent link: https://www.econbiz.de/10011470781
Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on … within-bank variation in the ratio of firm deposits to total household and firm deposits, so as to capture the magnitude of …
Persistent link: https://www.econbiz.de/10012867247
that the relative sensitivity of households to bank capitalization diminished markedly with the introduction of an …
Persistent link: https://www.econbiz.de/10014192917
This paper provides an overview of the history of banking transition (1989-2006) in 13 CEE countries – with particular emphasis on four relatively large Balkan countries (Bulgaria, Croatia, Romania, Serbia and Montenegro). Two “banking reform waves” are distinguished, salient features of...
Persistent link: https://www.econbiz.de/10005523500
explain those particularities by the different methods of banking sector privatization, the different approaches for solving …
Persistent link: https://www.econbiz.de/10013156628
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state's withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10012148527
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state’s withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10005648571
After seven years of transformation it is getting more and more difficult to blame the communist heritage for the state of the financial markets in the ten Central European countries which are candidates for EU membership. Only Hungary and Estonia have made sufficient progress in financial...
Persistent link: https://www.econbiz.de/10013134779
The case of deposit insurance introduction in Russia may suggest that institutional change in post-socialist economies was partly driven by subjective factors, and the choice of imported institutions was rather random. The circumstances under which explicit deposit insurance emerged in Russia...
Persistent link: https://www.econbiz.de/10012897658