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and political markets to spur deregulation and riskier lending and investment, which in turn contributes to the severity … profits. 2) These additional profits leads to calls for deregulation to enable the first class to participate in lucrative … lending or investment markets. 3) Deregulation allows the first class of institution either to compete with the second class …
Persistent link: https://www.econbiz.de/10013148106
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10003922715
The financial systems of some countries fared materially better than others during the global financial crisis of 2007-09. The performance of the Canadian banking system during this period was relatively strong. Using a case study approach together with empirical analysis, we assess some of the...
Persistent link: https://www.econbiz.de/10010227291
To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
Persistent link: https://www.econbiz.de/10012030889
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10013095277
In this paper we focus on fair value measurements in the Financial Crisis and its (continuing) aftermath. We consider different ways of measuring fair value; and we use the experience of economies under stress, and where markets deviate significantly from textbook models of symmetric information...
Persistent link: https://www.econbiz.de/10012959838
important strides toward beneficial deregulation, more work remains to be done. The act's crowdfunding provision is laden with …
Persistent link: https://www.econbiz.de/10012983954
period of economic expansion during which default rates were stable and low, deregulation and unsupervised financial …, Deregulation, Economic Stability, and Financial Crisis, Part I: The Evolution of Securitization.') …
Persistent link: https://www.econbiz.de/10013156908
period of economic expansion during which default rates were stable and low, deregulation and unsupervised financial …, Deregulation, Economic Stability, and Financial Crisis, Part II: Deregulation, the Financial Crisis, and PolicyImplications.') …
Persistent link: https://www.econbiz.de/10013156910
sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …
Persistent link: https://www.econbiz.de/10013060552