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We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …
Persistent link: https://www.econbiz.de/10011458020
global banking that can be used proactively to perform counterfactual analysis on the effects of alternative regulatory … European banks, the model is able to replicate the response of the US banking sector to the European sovereign debt crisis. Our …
Persistent link: https://www.econbiz.de/10011944752
Persistent link: https://www.econbiz.de/10010408382
-taking of banks over the globe. We used cross-country data for the banking sector from 2000 to 2016. Using the pooled regression …
Persistent link: https://www.econbiz.de/10012025290
Is the microfinance institution (MFI) able to charge unduly high lending rates and obtain a profitability incompatible with perfect competition? We use a global panel data set of MFIs. The Panzar and Rosse revenue test in static and dynamic versions is employed, together with analyses of price...
Persistent link: https://www.econbiz.de/10013090245
We study whether cross-country differences in regulations have affected international bank flows. We find strong evidence that banks have transferred funds to markets with fewer regulations. This form of regulatory arbitrage suggests there may be a destructive “race to the bottom” in global...
Persistent link: https://www.econbiz.de/10013134058
We study how changes in prudential requirements affect cross-border lending of Canadian banks by utilizing an index that aggregates adjustments in key regulatory instruments across jurisdictions. We show that when a destination country tightens local prudential measures, Canadian banks lend more...
Persistent link: https://www.econbiz.de/10011517068
This paper investigates how international regulatory and institutional differences affect lending in the cross-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and institutional arrangements. Multinational banks' choices...
Persistent link: https://www.econbiz.de/10012861555
In this paper, we analyze the importance of international banking models, along the operational and the funding … dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking …
Persistent link: https://www.econbiz.de/10012312194
We document that lenders react to domestic climate policy stringency by increasing cross-border lending. We use granular fixed effects to control for loan demand and an instrumental variable strategy to establish causality. Consistent with regulatory arbitrage, the positive effect decreases in...
Persistent link: https://www.econbiz.de/10013192060