Spillover of Domestic Regulation to Emerging Markets
AbstractCorrelation between the risks of portfolios of different commercial banks leads to too much risk taking from a social planner's perspective. The presence of a regulator improves this risk-benefit allocation of the financial system. In this paper I show that first-best regulation also leads to more attention for the fundamentals of borrowing countries.
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Bibliographic InfoPaper provided by Netherlands Central Bank in its series DNB Staff Reports (discontinued) with number 90.
Length: 24 pages
Date of creation: 2003
Date of revision:
Bank Regulation; Spillovers; Fundamentals.;
Other versions of this item:
- A.F. Tieman, 2000. "Spillover of domestic regulation to emerging markets," WO Research Memoranda (discontinued) 628, Netherlands Central Bank, Research Department.
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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