ERN: Regulation of Financial Markets (Topic)最新文献

Negation of Sanctions: The Personal Effect of Political Contributions 制裁的否定:政治献金的个人效应

ERN: Regulation of Financial Markets (Topic) Pub Date : 2017-05-20 DOI: 10.2139/ssrn.2024069

Sarah Fulmer, April M. Knill, Xiaoyun Yu

引用次数: 6

Plumbing of Securities Markets: The Impact of Post-Trade Fees on Trading and Welfare 证券市场的管道:交易后费用对交易和福利的影响

ERN: Regulation of Financial Markets (Topic) Pub Date : 2016-10-20 DOI: 10.2139/ssrn.2023597

H. Degryse, Mark Van Achter, Gunther Wuyts

引用次数: 4

Banking Sector Reforms in India 印度银行业改革

ERN: Regulation of Financial Markets (Topic) Pub Date : 2013-07-30 DOI: 10.2139/SSRN.2303731

M. Murali

引用次数: 0

Government Interventions - Restoring or Destroying Financial Stability in the Long-Run? 政府干预——恢复还是破坏长期金融稳定?

ERN: Regulation of Financial Markets (Topic) Pub Date : 2012-06-01 DOI: 10.2139/ssrn.1978776

Aneta Hryckiewicz

引用次数: 7

Global Economies, Regulatory Failure, & Loose Money: Lessons for Regulating the Finance Sector from Iceland's Financial Crisis 全球经济、监管失灵与宽松货币:冰岛金融危机对监管金融业的启示

ERN: Regulation of Financial Markets (Topic) Pub Date : 2012-03-05 DOI: 10.2139/SSRN.2016295

Andrew P. Morriss, Birgir T. Petursson

{"title":"Global Economies, Regulatory Failure, & Loose Money: Lessons for Regulating the Finance Sector from Iceland's Financial Crisis","authors":"Andrew P. Morriss, Birgir T. Petursson","doi":"10.2139/SSRN.2016295","DOIUrl":"https://doi.org/10.2139/SSRN.2016295","url":null,"abstract":"Iceland was the first developed economy to fall into crisis in 2008, with the collapse of its banking sector, currency value, and economy. The collapse threw Iceland into a political crisis and provoked a serious international dispute between Iceland and Britain and the Netherlands over responsibility for the failed banks. Prior to 2008 Iceland had been treated as the poster child for deregulation; since 2008 it has been held up as the poster child for the dangers of financial liberalization. Neither is accurate. Rather, Iceland presents a cautionary tale about the inter-relationships between fiscal and monetary policy and regulatory measures. Excessive liquidity fostered by central banks around the world, expansionary fiscal policies in Iceland, and inadequate understanding of fundamental economic linkages created conditions under which capital flooded Iceland and overwhelmed its financial institutions. Regulatory failures at the EU and Icelandic levels meant regulatory measures such as central bank interventions and deposit insurance exacerbated problems rather than correcting them. This paper explores those relationships, uncovering connections made visible by both Iceland’s relatively small size and the comprehensive parliamentary investigation into the crisis. It concludes that regulators need to focus attention on enhancing market-feedback mechanisms rather than on attempting to steer economies if they are to avoid “the next Iceland.”","PeriodicalId":135286,"journal":{"name":"ERN: Regulation of Financial Markets (Topic)","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2012-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122625962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Effect of the Global Financial Crisis on Accounting Convergence 全球金融危机对会计趋同的影响

ERN: Regulation of Financial Markets (Topic) Pub Date : 2012-03-01 DOI: 10.1111/j.1467-629X.2011.00418.x

Rajni Mala, Parmod Chand

{"title":"Effect of the Global Financial Crisis on Accounting Convergence","authors":"Rajni Mala, Parmod Chand","doi":"10.1111/j.1467-629X.2011.00418.x","DOIUrl":"https://doi.org/10.1111/j.1467-629X.2011.00418.x","url":null,"abstract":"Fair value accounting (FVA) is threatening the convergence of accounting practices around the world. It has been regarded as one of the contributing factors of the recent financial crisis. Given that International Financial Reporting Standards (IFRS) have embraced FVA, this financial crisis raises concerns about their suitability for financial reporting across the world. This study explores important implications of the global financial crisis for financial reporting, in particular seeking to identify whether the trend towards convergence has been impeded by inherent problems in the IFRS. Contrary to our expectations, analyses show that the financial crisis has made the case for global convergence of accounting standards more compelling than before. The majority of countries intending to converge in the near future have not been affected by the global financial crisis and are committed to adopt IFRS as planned. The analyses also show that the International Accounting Standards Board (IASB) has been facing pressure from the financial institutions, regulators, policy‐makers and finance ministers to review its rules on FVA. Consequently, the IASB has been undertaking measures to improve the reporting requirements in the light of the financial crisis.","PeriodicalId":135286,"journal":{"name":"ERN: Regulation of Financial Markets (Topic)","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130821435","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 61

The Impacts of Financial Reforms on Competition and Consumer Welfare in the Taiwan Banking Industry 金融改革对台湾银行业竞争与消费者福利之影响

ERN: Regulation of Financial Markets (Topic) Pub Date : 2012-02-01 DOI: 10.2139/SSRN.1997814

Ching-I Huang, Ching-Hsiang Chuang

{"title":"The Impacts of Financial Reforms on Competition and Consumer Welfare in the Taiwan Banking Industry","authors":"Ching-I Huang, Ching-Hsiang Chuang","doi":"10.2139/SSRN.1997814","DOIUrl":"https://doi.org/10.2139/SSRN.1997814","url":null,"abstract":"This paper analyzes the effects of the two waves of financial reforms implemented between 2002 and 2008 in the Taiwan banking industry. The first financial reform aimed to raise capital adequacy ratio and reduced non-performing loans. The second financial reform encouraged banks to merge. We investigate the impacts of the reforms on market competition and consumers’ welfare. Using a structural model for saving and borrowing demand in a differentiated market, we find that a bank’s capital adequacy rate has a positive impact on the utility of both savers and borrowers. Contrarily, the ratio of non-performing loans has no significant effect. During these reforms, market competition tended to decline while consumers’ welfare also dropped for both savers and borrowers. Nonetheless, when we use counterfactual experiments to isolate the direct effect of reform policies from other factors, we find the first reform actually had little effect on market competition while raised both savers’ and borrowers’ welfare. On the other hand, the second reform reduced market competition, increased savers’ welfare, but decrease borrowers’ welfare.","PeriodicalId":135286,"journal":{"name":"ERN: Regulation of Financial Markets (Topic)","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2012-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130379047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Bank Funding Structures and Risk: Evidence from the Global Financial Crisis 银行融资结构与风险:来自全球金融危机的证据

ERN: Regulation of Financial Markets (Topic) Pub Date : 2012-01-01 DOI: 10.2139/ssrn.1997439

Francisco Vázquez, P. Federico

引用次数: 331

Three Letters that Move the Markets: Credit Ratings between Market Information and Legal Regulation 推动市场的三个字母:市场信息和法律监管之间的信用评级

ERN: Regulation of Financial Markets (Topic) Pub Date : 2011-07-09 DOI: 10.31228/osf.io/97nq3

Ulrich G. Schroeter

引用次数: 7

Do Multilateral Trading Facilities Contribute to Market Quality? 多边贸易设施有助于提高市场质量吗?

ERN: Regulation of Financial Markets (Topic) Pub Date : 2011-05-25 DOI: 10.2139/ssrn.1852769

Ryan Riordan, Andreas Storkenmaier, M. Wagener

引用次数: 35