2016
DOI: 10.1016/j.polsoc.2016.09.004
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Design rules for more resilient banking systems

Abstract: Effective financial policy design should incorporate design principles encouraging financial activity and innovation while discouraging excessive risk-taking, into an inclusive, environmental approach to financial system governance. Examining banking systems in Australia, Brazil, Canada and China-whose financial systems proved more resilient than those in the US and much of Europe in the recent global financial crisis-helps us to uncover design rules which strengthen the financial environment and enhance finan… Show more

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Cited by 6 publications
(5 citation statements)
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“…Regarding the rest of countries, in our study Canada seems to be a paradigmatic case to be followed. This outcome has been previously suggested by the extensive number of studies (Bakir, 2013, 2016; Selmier, 2016), so our results are in line with them.…”
Section: Resultssupporting
confidence: 93%
See 1 more Smart Citation
“…Regarding the rest of countries, in our study Canada seems to be a paradigmatic case to be followed. This outcome has been previously suggested by the extensive number of studies (Bakir, 2013, 2016; Selmier, 2016), so our results are in line with them.…”
Section: Resultssupporting
confidence: 93%
“…To do that, we have constructed a CI that summarises into a single figure multidimensional factors of a group of advanced economies that would not be classified under the same variety of capitalism, the same region or legal system. In this sense, we go further other econometric approaches studies that, according to Selmier (2016), have tended to look for similarities in financial system structures, at different levels of development, and perhaps influenced by regional or cultural similarities. In addition, we have gone beyond NEF (2015) empirical attempt because we have defined an underlying theoretical model to explain the comprehensive framework that relates resilience and stability based on three streams.…”
Section: Discussionmentioning
confidence: 81%
“…This makes it highly desirable in dealing with long‐term challenges which are expected to fluctuate over the short, medium, and long terms and transcend existing policy arrangements. This is the case in important areas of activity such as banking system stability or sustainability efforts, for example (Bakir, 2017; Selmier II, 2016). These are areas in which responses to long‐term challenges must be anticipated and designed at the outset and not just adjusted incrementally as circumstances change.…”
Section: Differentiating Static and Dynamic Robustness In Policy‐maki...mentioning
confidence: 99%
“…The need and effectiveness of socially responsible activities of banks even in times of economic crisis are shown in the work of Selmier W.T. [8].…”
Section: Introductionmentioning
confidence: 99%