Results 121 to 130 of about 147,257 (372)

Does the IMF cause moral hazard? A critical review of the evidence [PDF]

open access: yes
The paper provides a critical review of empirical studies on IMF induced moral hazard. Taken together, there is considerable evidence that the insurance provided by the Fund leads to moral hazard with investors in bond markets, while moral hazard in ...
Axel Dreher
core  

Two Dimensions of Financial Openness: Gross and Net Effects on Financial Development in the European Union

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT We examine how financial openness (FO) affects financial development in EU countries, distinguishing its size and quality. Gross financial openness, measured by foreign assets and liabilities, reflects international integration and shows an inverted U‐shaped link with development: intermediate levels of openness enhances efficiency, but ...
Hyun‐Jung Nam, Doojin Ryu
wiley   +1 more source

IMF's assistance: Devil's kiss or guardian angel? [PDF]

open access: yes
This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financial crises. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private creditors and ...
Brandes, Julia, Schüle, Tobias
core  

A Theory of the Boundaries of Banks With Implications for Financial Integration and Regulation

open access: yesFinancial Management, EarlyView.
ABSTRACT We offer a theory of the “boundary of the firm” that is tailored to banks, recognizing the relevance of deposit financing and interbank lending as a substitute for integration. It is based on a single inefficiency that has been at the core of banking theory: risk‐shifting incentives in the interest of bank shareholders.
Falko Fecht   +2 more
wiley   +1 more source

PERSONAL INSOLVENCY [PDF]

open access: yesChallenges of the Knowledge Society, 2015
In 2014 a draft bill on personal insolvency reached public debate, stirring controversy in both financial and academic environment. The current paper aims at analyzing the merits and weak points of the draft bill.
Diana DELEANU
doaj  

Sovereign Debt Restructuring Options: An Analytical Comparison [PDF]

open access: yes, 2012
The recent financial woes of Greece, Ireland, Portugal, and other nations have reinvigorated the debate over whether to bail out defaulting countries or, instead, restructure their debt.
Schwarcz, Steven L.
core   +1 more source

Consumer Mobility, Offline and Online Regional Trade: Evidence From High‐Frequency Transaction Data

open access: yesInternational Economic Review, EarlyView.
ABSTRACT The shift from offline to online purchasing is reshaping trade patterns: a weaker effect of distance has been observed in digital transactions. This study analyzes these dynamics at an unprecedented scale and granularity, using interregional gravity models estimated from billions of geolocated French card transactions.
David Bounie   +2 more
wiley   +1 more source

Some aspects of liability of the guarantor to the debtor’s creditors under the civil law of Russia

open access: yesVestnik Omskoj Ûridičeskoj Akademii, 2012
This article analyzes the guarantee agreement as one of the most common ways to enforce the executions obligations. The author focuses on the provisions worked out by the judicial-arbitration and banking practices, which require a theoretical ...
Malanina E. N.
doaj  

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