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A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan...
Persistent link: https://www.econbiz.de/10013157258
A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium for the model economy, the banking system becomes progressively more fragile under imperfect prudential regulation and...
Persistent link: https://www.econbiz.de/10012763142
A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium for the model economy, the banking system becomes progressively more fragile under imperfect prudential regulation and...
Persistent link: https://www.econbiz.de/10012470402
A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan...
Persistent link: https://www.econbiz.de/10014400004
This paper compares the sources of income inequality in Japan and the United States. We exploit two longitudinal … household surveys to decompose the income inequality in both countries. For Japan, we use Keio Household Panel Survey data and … Japan (0.329), corroborating well-established previous findings. In a second step, we decompose the income inequality in …
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