Article (Scientific journals)
Financial openness, disclosure and bank risk-taking in MENA countries
Bourgain, Arnaud; Pieretti, Patrice; Zanaj, Skerdilajda
2012In Emerging Markets Review, 13 (3), p. 283-300
Peer reviewed
 

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Keywords :
Banking competition; Disclosure; Bank risk-taking; MENA banking sectors; Mock compliance
Abstract :
[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.
Disciplines :
Finance
International economics
Author, co-author :
Bourgain, Arnaud ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Pieretti, Patrice ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Zanaj, Skerdilajda  ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Language :
English
Title :
Financial openness, disclosure and bank risk-taking in MENA countries
Publication date :
September 2012
Journal title :
Emerging Markets Review
ISSN :
1566-0141
Publisher :
Elsevier Science
Special issue title :
Actors, crisis and financial market development
Volume :
13
Issue :
3
Pages :
283-300
Peer reviewed :
Peer reviewed
Available on ORBilu :
since 08 August 2013

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