Search Results - subject:"FINANCIAL LIBERALIZATION"

Sovereign Default, Domestic Banks and Financial Institutions

Gennaioli, Nicola; Martìn, Alberto; Rossi, Stefano - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We present a model of sovereign debt in which, contrary to conventional wisdom, government defaults are costly because they destroy the balance sheets of domestic banks. In our model, better financial institutions allow banks to be more leveraged, thereby making them more vulnerable to sovereign...

Persistent link: https://www.econbiz.de/10011019706

Financial reform and financing constraints: Some evidence from listed Chinese firms

Chan, Kenneth S.; Dang, Vinh Q.T.; Yan, Isabel K.M. - In: China Economic Review 23 (2012) 2, pp. 482-497

reforms: a financial liberalization index and a capital control index. Dynamic panel GMM method is used to estimate firms …

Persistent link: https://www.econbiz.de/10010578011

Financial integration and international risk sharing

Bai, Yan; Zhang, Jing - In: Journal of International Economics 86 (2012) 1, pp. 17-32

Conventional wisdom suggests that financial liberalization can help countries insure against idiosyncratic risk. There … is little evidence, however, that countries have increased risk sharing despite widespread financial liberalization. We …

Persistent link: https://www.econbiz.de/10010582625

Development threshold, capital flows, and financial turbulence

Ding, Ding; Jinjarak, Yothin - In: The North American Journal of Economics and Finance 23 (2012) 3, pp. 365-385

We study capital flows in a panel of 130 countries, and derive the implications for the observed patterns of capital flows and capital controls before and into the crisis of 2008–11. We find that the size of capital flows is positively correlated with country's income level. In addition,...

Persistent link: https://www.econbiz.de/10010588397

Do foreigners facilitate information transmission in emerging markets?

Bae, Kee-Hong; Ozoguz, Arzu; Tan, Hongping; Wirjanto, … - In: Journal of Financial Economics 105 (2012) 1, pp. 209-227

information more quickly. These results are consistent with the idea that financial liberalization in the form of greater …

Persistent link: https://www.econbiz.de/10010571654

Does financial liberalization decrease capital flight? A panel causality analysis

Yalta, A. Yasemin; Yalta, A. Talha - In: International Review of Economics & Finance 22 (2012) 1, pp. 92-100

We employ a panel causality approach in order to examine whether financial liberalization affects the magnitude of … suggest that financial liberalization policies per se may not be helpful in reducing capital flight. …

Persistent link: https://www.econbiz.de/10010573094

Effects of Financial Liberalization on Macroeconomic Volatilities: Applications to Economic Growth, Exchange Rate and Exchange Rate Pass-Through

Tayebi, Seyed Komail; Torki, Leila - In: Iranian Economic Review 17 (2012) 1, pp. 71-84

This paper explores effects of financial liberalization on macroeconomic volatilities (such as economic growth, real … liberalization on macroeconomic volatilities. Empirical results show a significant inverse effect of financial liberalization on … economic growth volatility. But effects of the financial liberalization on the volatilities of real exchange rate and exchange …

Persistent link: https://www.econbiz.de/10010695789

Financial reforms and persistently high bank interest spreads in Bangladesh: Pitfalls in institutional development?

Hossain, Monzur - In: Journal of Asian Economics 23 (2012) 4, pp. 395-408

This paper analyzes interest rate spreads and margins in Bangladesh for the period 1990–2008 by applying the Arellano–Bover/Blundell–Bond dynamic panel regression model to a panel of 43 banks. The model has been applied to tackle short-panel bias and endogeneity problems in banking...

Persistent link: https://www.econbiz.de/10010664171

Financial liberalization, saving and the banking sector in Bangladesh

Murshed, Syed Mansoob; Robin, Iftekhar Ahmed - In: South Asia economic journal : journal of the Institute … 13 (2012) 1, pp. 69-83

Persistent link: https://www.econbiz.de/10010192166

Does financial liberalization decrease capital flight? : a panel causality analysis

Yalta, A. Yasemin; Yalta, A. Talha - In: International review of economics & finance : IREF 22 (2012) 1, pp. 92-100

Persistent link: https://www.econbiz.de/10009618702