Reference : Financial openness, disclosure and bank risk-taking in MENA countries
Scientific journals : Article
Business & economic sciences : Finance
Business & economic sciences : International economics
http://hdl.handle.net/10993/4612
Financial openness, disclosure and bank risk-taking in MENA countries
English
Bourgain, Arnaud mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Pieretti, Patrice mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Zanaj, Skerdilajda mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Sep-2012
Emerging Markets Review
Elsevier Science
13
3
Actors, crisis and financial market development
283-300
Yes (verified by ORBilu)
International
1566-0141
[en] Banking competition ; Disclosure ; Bank risk-taking ; MENA banking sectors ; Mock compliance
[en] 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.
Researchers ; Professionals ; Students ; General public
http://hdl.handle.net/10993/4612
also: http://hdl.handle.net/10993/5957

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