Showing 1 - 10 of 2,730
New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...
Persistent link: https://www.econbiz.de/10012752889
We analyze the impact of financial globalization on business cycle synchronization utilizing a proprietary database on banks' international exposure for industrialized countries during 1978- 2006. Theory makes ambiguous predictions and identification has been elusive due to lack of bilateral...
Persistent link: https://www.econbiz.de/10012757539
bank regulation, which will affect competition and stability in the long term, outside the period that may be observed … the ownership structure of Mexico's banks. For instance, while in 1991 only one percent of bank assets in Mexico were … foreign owned, today they control 74 percent of assets. In no other country in the world has the penetration of foreign banks …
Persistent link: https://www.econbiz.de/10013088399
Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...
Persistent link: https://www.econbiz.de/10013150440
This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …
Persistent link: https://www.econbiz.de/10013125587
This paper offers a framework for regulating internalities. Using a simple economic model, we provide four principles for designing and evaluating behaviorally-motivated policy. We then outline rules for determining which contexts reliably reflect true preferences and discuss empirical...
Persistent link: https://www.econbiz.de/10013022181
The transformation of American banking from the parochialism of 1960to the internationally linked structure of the 1980s is analyzed anddetailed quantitatively. While the liberalization of trade and theexistence of and changes in financial regulations profoundly affected thepace and order of...
Persistent link: https://www.econbiz.de/10012774627
effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was …We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …
Persistent link: https://www.econbiz.de/10012760665
may threaten financial stability by increasing bank failures and by increasing the incentives for banks to take on more … financial stability and strengthen the banking system is to adopt a system of structured bank capital requirements with early …
Persistent link: https://www.econbiz.de/10012763562
Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment … regulation reduces lending by large U.S. global banks to foreign residents …
Persistent link: https://www.econbiz.de/10012982940