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Financial openness, disclosure and bank risk-taking in MENA countries
- Source :
-
Emerging Markets Review . Sep2012, Vol. 13 Issue 3, p283-300. 18p. - Publication Year :
- 2012
-
Abstract
- Abstract: 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. [Copyright &y& Elsevier]
Details
- Language :
- English
- ISSN :
- 15660141
- Volume :
- 13
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Emerging Markets Review
- Publication Type :
- Academic Journal
- Accession number :
- 78280038
- Full Text :
- https://doi.org/10.1016/j.ememar.2012.01.002