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Current Challenges in Financial Regulation

Claessens, Stijn - 2012

Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in...

Persistent link: https://www.econbiz.de/10012553921

Bank Capital and Systemic Stability

Anginer, Deniz; Demirguc-Kunt, Asli - 2014

This paper distinguishes among various types of capital and examines their effect on system-wide fragility. The analysis finds that higher quality forms of capital reduce the systemic risk contribution of banks, whereas lower quality forms can have a destabilizing impact, particularly during...

Persistent link: https://www.econbiz.de/10012572534

Financial Sector Policy in Practice : Benchmarking Financial Sector Strategies around the World

Maimbo, Samuel Munzele; Melecký, Martin - 2014

Policy makers use financial sector strategies to formulate a holistic policy for their national financial sectors. This paper examines and rates financial sector strategies around the world based on how well they formulate development targets, arrangements for systemic risk management, and...

Persistent link: https://www.econbiz.de/10012560851

Placing Bank Supervision in the Central Bank : Implications for Financial Stability Based on Evidence from the Global Crisis

Melecký, Martin; Podpiera, Anca Maria - 2015

Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances …, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies … quality of microprudential supervision, and the quality of macroprudential supervision. The authors find that countries with …

Persistent link: https://www.econbiz.de/10012571807

Bank Regulation and Supervision around the World : A Crisis Update

??ih??k, Martin; Demirg????-Kunt, Asl??; Per??a, Mar??a … - 2013

This paper presents the latest update of the World Bank Bank Regulation and Supervision Survey, and explores two … questions. First, were there significant differences in regulation and supervision between crisis and non-crisis countries …? Second, what aspects of regulation and supervision changed significantly during the crisis period? The paper finds …

Persistent link: https://www.econbiz.de/10012557954

Transparency, Liberalization, and Banking Crisis

Kaufmann, Daniel; Mehrez, Gil - 2000

The authors investigate how transparency affects the probability of a financial crisis. They construct a model in which banks cannot distinguish between aggregate shocks and government policy, on the one hand, and firm' quality, on the other. Banks may therefore overestimate firms' returns and...

Persistent link: https://www.econbiz.de/10012572727

Resolving Systemic Financial Crisis : Policies and Institutions

Claessens, Constantijn A.; Klingebiel, Daniela; Laeven, Luc - 2013

The authors analyze the role of institutions in resolving systemic banking crises for a broad sample of countries. Banking crises are fiscally costly, especially when policies like substantial liquidity support, explicit government guarantees on financial institutions liabilities, and...

Persistent link: https://www.econbiz.de/10012559804

Financial Development, Financial Fragility, and Growth

Loayza, Norman; Ranci??re, Romain - 2013

The authors study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...

Persistent link: https://www.econbiz.de/10012559865

Governance of Securities Regulators : A Framework

Berg, Alexander; Pratt, Richard - 2014

governance of the securities regulator is necessary for effective regulation. It is also of importance in setting an example to …

Persistent link: https://www.econbiz.de/10012573857

Rethinking the State's Role in Finance

??ih??k, Martin; Demirg????-Kunt, Asli - 2013

The global financial crisis has given greater credence to the idea that active state involvement in the financial sector can be helpful for stability and development. There is now evidence that, for example, lending by state-owned banks has helped in mitigating the impact of the crisis on...

Persistent link: https://www.econbiz.de/10012558136