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Obregon, Carlos - 2023

In social sciences there has been a long debate between the defenders of institutionalism and those of liberalism. The debate has centered around the relationship that exists between the individual (agent) and the social institutions (social structure). In general, liberalism defends that the...

Persistent link: https://www.econbiz.de/10015214325

Regulating the International Audit Market and the removal of barriers to entry: The provision of non audit services by audit firms and the 2006 Statutory Audit Directive

Ojo, Marianne - 2009

Also published in "Regulation of Financial Institutions Journal CMBO" (December 2009). From the responses received from the European Commission’s consultation on control structures in audit firms and their consequences on the audit market, a consultation which was launched in November 2008,...

Persistent link: https://www.econbiz.de/10015219063

Have more strictly regulated banking systems fared better during the recent financial crisis?

Ahrend, Rudiger; Arnold, Jens; Murtin, Fabrice - 2009

We assess whether during the recent financial crisis banking systems in countries with more stringent prudential banking regulation have proved more stable. We find indicators of regulatory strength to be relatively well correlated with the extent to which countries have escaped damage during...

Persistent link: https://www.econbiz.de/10015220082

États-Unis,“soupe primitive” de la crise financière

Brack, Estelle - 2009

It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were...

Persistent link: https://www.econbiz.de/10015222098

Structured Finance Influence on Financial Market Stability – Evaluation of Current Regulatory Developments

Schuetz, Sebastian Alexander - 2010

In 2007 the world faced one of the biggest financial crises ever. It was the third important financial crisis in the last 12 years. Spillovers to the real economy and moral hazard behaviour of carpetbaggers resulted in enormous pressure on worldwide political institutions to approve a more...

Persistent link: https://www.econbiz.de/10015222160

The Problem of Money Illusion in Economics

Erber, Georg - 2010

Money illusion in economic theory has been an assumption rejected for academic economists for quite some time. However … like e.g. the ICT revolution with the Internet or the introduction of securitization as a means to redistribute risk as … embodies the risk of a financial market shock, if expectations of the general public have to adjust after overoptimistic …

Persistent link: https://www.econbiz.de/10015222554

Government interventions in banking crises: Assessing alternative schemes in a banking model of debt overhang

Dietrich, Diemo; Hauck, Achim - 2010

the assistance and to externalize risks, implying overinvestment or excessive risk taking or both. Assistance granted …

Persistent link: https://www.econbiz.de/10015222704

The Irish Banking Crisis: Regulatory and Financial Stability Policy

Honohan, Patrick; Donovan, Donal; Gorecki, Paul; … - 2010

This report to the Irish Minister for Finance by the Governor of the Central Bank describes the the performance of the respective functions of the Central Bank and Financial Regulator in the period 2003-8 in order to arrive at a fuller understanding of the root causes of the systemic failures...

Persistent link: https://www.econbiz.de/10015223049

Living with Macro-financial Linkages: Policy Perspectives and Challenges for SEACEN Countries

Siregar, Reza; Lim, Vincent C.S. - 2011

into account macro-financial channels, and to interpret more cautiously the potential risk in financial system disruptions …

Persistent link: https://www.econbiz.de/10015225390

Is hazard or probit more accurate in predicting financial distress? Evidence from U.S. bank failures

Cole, Rebel A.; Wu, Qiongbing - 2009

We compare the out-of-sample forecasting accuracy of the time-varying hazard model developed by Shumway (2001) and the one-period probit model used by Cole and Gunther (1998). Using data on U.S. bank failures from 1985 – 1992, we find that, from an econometric perspective, the hazard model is...

Persistent link: https://www.econbiz.de/10015225832