This paper investigates whether banks respond differently to supervisory guidance than to specific regulatory action. Using a sample of subsidiaries of European banks operating in developing countries...
The assessment of outcome was unsatisfactory, sustainability unlikely, and institutional development impacts only modest. Lessons learned are as follows. Since the risk that Congress would not enact all...
This note examines the corporate roots of the financial crisis in East Asia. It summarizes the findings of a study of corporate financial performance in East Asian economies - Hong Kong, Indonesia, the...