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"The intensity of recent turbulence in financial markets has surprised nearly everyone. This paper searches out the root causes of the crisis, distinguishing them from scapegoating explanations that have been used in policy circles to divert attention from the underlying breakdown of incentives....
Persistent link: https://www.econbiz.de/10010521003
This note reviews the main elements of the New Basel III global regulatory framework and its regulatory implications, as well as the menu of macro prudential regulatory options to consider for application to ensure more resilient banks and baking systems
Persistent link: https://www.econbiz.de/10012557729
"Under the traditional "competition-fragility" view, more bank competition erodes market power, decreases profit margins, and results in reduced franchise value that encourages bank risk taking. Under the alternative "competition-stability" view, more market power in the loan market may result...
Persistent link: https://www.econbiz.de/10010521063
"Keefer proposes a new approach to explain why the costs of crisis are greater in some countries than in others. He … politicians and special interests to forge credible agreements, the lower the costs of crisis are. Though these predictions differ … from those in the literature, empirical evidence presented shows that they explain the fiscal costs of financial crisis …
Persistent link: https://www.econbiz.de/10010522896
With the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent Satyam fraud in India, no nation can hold its head high and claim to have good corporate governance. The reality is that the problems of fraud, faulty audits, misleading accounts,...
Persistent link: https://www.econbiz.de/10012556219
Persistent link: https://www.econbiz.de/10011393458
"Economic geography has become a mantra for many economists, geographers, and regional scientists. Previous studies have tested the importance of economic geography for production activities and found a significant association between them. Most of these studies, however, have not taken into...
Persistent link: https://www.econbiz.de/10010522870
Persistent link: https://www.econbiz.de/10010523017
It is acknowledged that conflict over land is a major source of violence in various parts of Mindanao, particularly the prosed Bangsamoro region. Historical accounts trace the root cause of land issues and identity-based conflict to the introduction of the Regalian doctrine of land ownership by...
Persistent link: https://www.econbiz.de/10012248200