Advanced Search
MyIDEAS: Login to save this paper or follow this series

Financial openness, disclosure and bank risk-taking in MENA countries

Contents:

Author Info

  • Arnaud Bourgain

    ()
    (CREA, University of Luxembourg)

  • Patrice Pieretti

    ()
    (CREA, University of Luxembourg)

  • Skerdilajda Zanaj

    ()
    (CREA, University of Luxembourg)

Abstract

In this paper, we analyze the risk-taking behavior of banks in emerging economies in a context of international capital mobility. Our paper highlights a new channel through which depositors can exercise pressure to control risk taking. Depositors can reallocate their savings away from their home country to the more protective system of a developed economy. We recover a classical result according to which increased competition resulting from more international financial openness induces banks to take excessive risks. We find however that sufficiently high financial openness is necessary for a positive link between financial transparency and safe risk management. Finally, we test the relationship between disclosure, financial openness and bank risk-taking for a panel of 258 banks from the MENA region and Turkey.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://wwwfr.uni.lu/content/download/39740/475015/file/2011-11%20-%20Financial%20openness,%20disclosure%20and%20bank%20risk-taking%20in%20MENA%20countries.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Center for Research in Economic Analysis, University of Luxembourg in its series CREA Discussion Paper Series with number 11-11.

as in new window
Length:
Date of creation: 2011
Date of revision:
Handle: RePEc:luc:wpaper:11-11

Contact details of provider:
Postal: 162a avenue de la Faïencerie, L-1511 Luxembourg
Phone: (+352) 46 66 44
Fax: (+352) 46 66 44 ext 633
Email:
Web page: http://wwwen.uni.lu/research/fdef/crea
More information through EDIRC

Related research

Keywords: banking competition; disclosure; bank risk-taking; MENA banking sectors; mock compliance;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Admati, Anat R & Pfleiderer, Paul, 2000. "Forcing Firms to Talk: Financial Disclosure Regulation and Externalities," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 13(3), pages 479-519.
  2. Almounsor Abdullah, 2008. "Capital Flight Accounting and Welfare Implications in the MENA Region," Review of Middle East Economics and Finance, De Gruyter, De Gruyter, vol. 4(2), pages 1-67, April.
  3. Angkinand, Apanard & Wihlborg, Clas, 2010. "Deposit insurance coverage, ownership, and banks' risk-taking in emerging markets," Journal of International Money and Finance, Elsevier, Elsevier, vol. 29(2), pages 252-274, March.
  4. Anzoategui Diego & Martinez Peria Maria S. & Rocha Roberto R, 2010. "Bank Competition in the Middle East and Northern Africa Region," Review of Middle East Economics and Finance, De Gruyter, De Gruyter, vol. 6(2), pages 26-48, November.
  5. T. G. Arun & J. D. Turner, 2004. "Corporate Governance of Banks in Developing Economies: concepts and issues," Corporate Governance: An International Review, Wiley Blackwell, Wiley Blackwell, vol. 12(3), pages 371-377, 07.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:luc:wpaper:11-11. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elisa Ferreira).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.