Results 61 to 70 of about 1,592 (224)
Developmental or Liberal? How Japan and South Korea Diffuse Hybrid Financial Market Norms
Development and Change, EarlyView.ABSTRACT East Asian economies have become major creditors in recent decades. However, while existing studies address the macroeconomic impact on the global economy of capital flows from East Asian economies, the impact of norm and policy diffusion that accompany such flows has received relatively little attention.
Yaechan Lee, Saori N. Katada
wiley +1 more source
Cogent Economics & FinanceWe examine the coordinated effects of fiscal, monetary, and macroprudential policies in the context of China’s macroeconomic regulation and financial risk management.
Xuyang Ma, Mingzhu Zhu
doaj +1 more source
Legal aspects of macroprudential regulation in the EU [PDF]
, 2021 Legal aspects of macroprudential regulation in the EU Abstract Even though the term macroprudential regulation is regularly used in scientific literature, attempts to define this term are scarce.
Havelka, Jaroslav
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The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit
European Financial Management, EarlyView.ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato +2 more
wiley +1 more source
A Macroprudential Approach to Financial Regulation [PDF]
Journal of Economic Perspectives, 2010 Many observers have argued that the regulatory framework in place prior to the global financial crisis was deficient because it was largely “microprudential” in nature. A microprudential approach is one in which regulation is partial equilibrium in its conception and aimed at preventing the costly failure of individual financial institutions.
Samuel G. Hanson +2 more
openaire +2 more sources
Geopolitical Risk and Domestic Bank Deposits
Financial Management, EarlyView.ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou +3 more
wiley +1 more source
International Journal of Financial StudiesDespite significant advances in bank regulation and the widespread adoption of macroprudential frameworks, emerging market economies remain persistently vulnerable to global financial shocks.
Gustavo Henrique Rodrigues Pessoa +1 more
doaj +1 more source
Heterogenous Banks and Macroprudential Regulations [PDF]
SSRN Electronic Journal, 2019 This paper studies how financial intermediation varies across banks. Bank size is a first-order determinant of banks’ capital structure in the cross-section. Largest banks have the lowest capital-to-asset ratio and the lowest ratio of Tier-1 capital against risk-weighted assets. These large banks earn a larger interest income per dollar invested in their
openaire +1 more source
Bank IPOs and Regulations: Cross‐Country Evidence
Financial Review, EarlyView.ABSTRACT The present paper investigates the effect of banking industry regulations on bank initial public offering (IPO) underpricing. We approach this question from both a micro‐level and macro‐level regulatory perspective. First, we conduct our analysis within a micro framework, focusing on the effect of disclosure rules on IPO underpricing.
Maria‐Eleni K. Agoraki +2 more
wiley +1 more source
Financial Frictions, Bubbles, and Macroprudential Policies [PDF]
We explore the ability of a macroprudential policy instrument to dampen the consequences of equity mispricing (a bubble) and the correction thereof (the bubble bursting), as well as the consequences for real activity in a production economy. In our model,
Alexis Derviz
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