Read Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia

Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia

Robert Dekle

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Description:A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan guarantees until a crisis occurs with a sudden reversal of capital flows. The crisis evolves endogenously as the banking system becomes increasingly vulnerable through the renegotiation of loans after idiosyncratic firm-specific revenue shocks. The model generates dynamic relationships between foreign capital inflows, domestic investment, corporate debt and equity values in an endogenous growth model. The model's assumptions and implications for the behavior of the economy before and after crisis are compared to the experience of five East Asian economies. The case studies compare three that suffered a crisis or near-crisis, Thailand and Malaysia, to two that did not, Taiwan Province of China and Singapore, and lend support to the model.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia. To get started finding Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 52

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2001

ISBN: 6613777730

Description: A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan guarantees until a crisis occurs with a sudden reversal of capital flows. The crisis evolves endogenously as the banking system becomes increasingly vulnerable through the renegotiation of loans after idiosyncratic firm-specific revenue shocks. The model generates dynamic relationships between foreign capital inflows, domestic investment, corporate debt and equity values in an endogenous growth model. The model's assumptions and implications for the behavior of the economy before and after crisis are compared to the experience of five East Asian economies. The case studies compare three that suffered a crisis or near-crisis, Thailand and Malaysia, to two that did not, Taiwan Province of China and Singapore, and lend support to the model.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia. To get started finding Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia

Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia

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