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 omproves 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 countries to which capital is lent out.
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Bibliographic InfoPaper provided by Netherlands Central Bank, Research Department in its series WO Research Memoranda (discontinued) with number 628.
Date of creation: 2000
Date of revision:
Bank Regulation; Spillovers; Fundamentals Jel codes: G28; L16; F34; E58;
Other versions of this item:
- A.F. Tieman, 2003. "Spillover of Domestic Regulation to Emerging Markets," DNB Staff Reports (discontinued) 90, Netherlands Central Bank.
- 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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