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Bank capital regulation with an opportunistic rating agency

Efing, Matthias - 2013 - First draft: May, 2012, This version: May 16, 2013

rating agency and the bank corrupts rating quality, rating-independent regulation enhances welfare. The welfare benefits are …

Persistent link: https://www.econbiz.de/10009753006

Did globalization influence credit market deregulation?

Eppinger, Peter S.; Potrafke, Niklas - 2015

We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of the Fraser Institute. The results from both...

Persistent link: https://www.econbiz.de/10010528971

Embedded supervision : how to build regulation into decentralised finance

Auer, Raphael A. - 2022

stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …

Persistent link: https://www.econbiz.de/10013206072

Comparing default predictions in the rating industry for different sets of obligors

Krämer, Walter; Neumärker, Simon - 2016

We generalize the refinement ordering for well calibrated probability forecasters to the case were the debtors under consideration are not necessarily identical. This ordering is consistent with many well known skill scores used in practice. We also add an illustration using default predictions...

Persistent link: https://www.econbiz.de/10011432495

Regulatory arbitrage and the efficiency of banking regulation

Boyer, Pierre C.; Kempf, Hubert - 2016

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

Persistent link: https://www.econbiz.de/10011458020

Banking regulation and sovereign default risk : how regulation undermines rules

Hülsewig, Oliver; Steinbach, Armin - 2024

Banking regulation invites banks to gamble when buying government bonds that regulators consider to be risk-free. The … regulation in order to enhance their ﬁscal leeway. We examine an unintended side-eﬀect of banking regulation, namely the zero … area periphery countries to a restrictive macroprudential capital regulation shock. We ﬁnd that, unlike in the US, euro …

Persistent link: https://www.econbiz.de/10014576947

EU banks rating assignments : is there heterogeneity between new and old member countries?

Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - 2010

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are assigned lower ratings, ceteris paribus, than "old" ones. We...

Persistent link: https://www.econbiz.de/10003974520

The inter-institutional distribution of power in EU codecision

Napel, Stefan (contributor); Widgrén, Mika (contributor) - 2004

This paper analyzes the a priori influence of the European Parliament (EP) and the Council of Ministers (CM) on legislation of the European Union adopted under its codecision procedure. In contrast to studies which use conventional power indices, both institutions are assumed to act...

Persistent link: https://www.econbiz.de/10002521708

Voting in the European Union : Central Europe's lost voice

Schneider, Ondřej (contributor) - 2008

Ten Central European countries became members of the European Union in the years 2004 - 2007. They constitute 20% of the EU's total population; and even though their economic output is much lower, it rises dynamically. New members' impact on the EU policies has nevertheless been limited. This is...

Persistent link: https://www.econbiz.de/10003790698

The open method of coordination (OMC) as an evolutionary learning process

Ania, Ana B.; Wagener, Andreas - 2009

We interpret the Open Method of Coordination (OMC), recently adopted by the EU as a mode of governance in the area of social policy and other fields, as an imitative learning dynamics of the type considered in evolutionary game theory. The best-practise feature and the iterative design of the...

Persistent link: https://www.econbiz.de/10003824711