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Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

Fintech and payments regulation : analytical framework

Tanai Khiaonarong; Goh, Terry - 2020

, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to … augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on …

Persistent link: https://www.econbiz.de/10012251408

Financial Regulation and the Current Account

Wieladek, Tomasz - 2012

This paper examines the relationship between financial regulation and the current account in an intertemporal model of … the current account where financial regulation affects the current account through liquidity constraints. Greater … tested with an interacted panel VAR model where the coefficients are allowed to vary with the degree of financial regulation …

Persistent link: https://www.econbiz.de/10014396600

Central Bank Independence and Macro-Prudential Regulation

Valencia, Fabian - 2012

We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …

Persistent link: https://www.econbiz.de/10014396622

Financial Frictions, Investment, and Institutions

Yafeh, Yishay - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10014397491

A behavioral approach to financial supervision, regulation, and central banking

Khan, Ashraf - 2018

This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It …

Persistent link: https://www.econbiz.de/10011905870

How do regulations of entry and credit access relate to industry competition? : international evidence

Igan, Deniz; Mirzaei, Ali; Moore, Tomoe - 2018

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper competition, as proxied by the price-cost margin, in the...

Persistent link: https://www.econbiz.de/10011848240

Taming financial development to reduce crises

Ben Naceur, Samy; Candelon, Bertrand; Lajaunie, Quentin - 2019

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...

Persistent link: https://www.econbiz.de/10012021789

Applying the central clearing mandate : different options for different markets

Kiff, John; Gullo, Alessandro; Hillier, Cory; … - 2022

Back in 2009, G-20 leaders have called for all standardized over-the-counter (OTC) derivatives to be cleared through central counterparties (CCPs). By now, 18 of the 24 Financial Stability Board (FSB) member jurisdictions have provided for mandatory central clearing frameworks in place, covering...

Persistent link: https://www.econbiz.de/10013170536

Isone Watchdog Better Than Three? : International Experience with Integrated Financial Sector Supervision

Čihák, Martin - 2006

Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks …

Persistent link: https://www.econbiz.de/10014400077