21 results on '"Kliatskova, Tatsiana"'
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2. Financial Sector Policy Response to COVID-19 in Emerging Markets and Developing Economies
- Author
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Feyen, Erik, Alonso Gispert, Tatiana, Kliatskova, Tatsiana, and Mare, Davide S.
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- 2021
- Full Text
- View/download PDF
3. Legal harmonization, institutional quality, and countries’ external positions: A sectoral analysis
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Bremus, Franziska and Kliatskova, Tatsiana
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- 2020
- Full Text
- View/download PDF
4. National Development Financial Institutions : Trends, Crisis Response Activities, and Lessons Learned
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Gutierrez, Eva and Kliatskova, Tatsiana
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PANDEMIC RESPONSE ,CREDIT GUARANTEE FUND ,SMALL AND MEDIUM-SIZED ENTERPRISES ,SME FINANCE ,DEVELOPMENT FINANCE INSTITUTION ,COVID-19 ,CORONAVIRUS ,STATE-OWNED BANKS ,DEVELOPMENT BANK - Abstract
In recent years, there has been renewed interest in providing countercyclical lending and sustainable development financing through national development financial institutions (NDFIs). While NDFIs are often a feasible solution for addressing development needs and closing financing gaps, they are not always the best solution, and their setup and structure need to be tailored to the country’s needs. It is important that prior to setting up a new NDFI or increasing the scope of operations of the existing ones, governments consider all available public policy interventions as well as options for private capital involvement to address unmet financing needs of the private sector. NDFIs will likely see strong demand for their interventions in a post- Coronavirus disease 2019 (COVID-19) recovery phase. This calls for enhanced NDFI efficiency and effectiveness. To maximize the net benefits of NDFIs and ensure their financial sustainability, NDFIs should be effectively managed and properly supervised. NDFIs have been important actors in the implementation of countercyclical finance in response to the COVID-19 pandemic and have helped mitigate a credit crunch. During the COVID-19 pandemic, governments have taken on large balance-sheet risks to support credit growth, in many cases using NDFIs as administrators of public anti-crisis programs.
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- 2021
5. National Development Financial Institutions
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Gutierrez, Eva, primary and Kliatskova, Tatsiana, additional
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- 2021
- Full Text
- View/download PDF
6. Accounting Provisioning Under the Expected Credit Loss Framework : IFRS 9 in Emerging Markets and Developing Economies - A Set of Policy Recommendations
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Caruso, Ezio, D'Hulster, Katia, Kliatskova, Tatsiana, and Ortiz, Juan
- Subjects
LOAN LOSS PROVISION ,BASEL COMMITTEE ON BANKING SUPERVISION ,PRUDENTIAL REGULATIONS ,FINANCIAL OVERSIGHT ,INTERNATIONAL FINANCIAL REPORTING STANDARDS ,ACCOUNTING STANDARDS - Abstract
In 2009, the G-20 in London recommended that accounting standard setters, strengthen accounting recognition of loan-loss provisions by incorporating a broader range of credit information (G20 2009). In response, the International Accounting Standards Board (IASB) issued International Financial Reporting Standard 9 (IFRS 9) in July 2014, it became effective in 2018. This paper relies on a survey and bilateral meetings with prudential supervisors. This paper deals with the expected credit loss framework, with a particular focus on EMDEs. In 2020, EMDEs were facing challenges when dealing with IFRS 9 during the Coronavirus (COVID-19) pandemic, given the unprecedented reversals in capital flows as global risk appetite declined. EMDEs are coping with weaker health care systems and more limited fiscal space to provide support. Based on the experience of the surveyed countries and their reflections on challenges and potential remedies that they used while implementing the IFRS 9 accounting framework, the authors identified a set of high level policy recommendations for prudential supervisors in emerging markets and developing economies (EMDEs) willing to transition to IFRS 9. The paper is organized as follows: Section 2 presents the survey results; Section 3 presents policy recommendations for supervisory authorities in countries that implemented IFRS 9 as well as in countries that are still in the process of IFRS 9 implementation; and Section 4 offers conclusions.
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- 2021
7. Taking Stock of the Financial Sector Policy Response to COVID-19 around the World
- Author
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Feyen, Erik, Alonso Gispert, Tatiana, Kliatskova, Tatsiana, and Mare, Davide S.
- Subjects
PANDEMIC RESPONSE ,FINANCIAL STABILITY ,GOVERNMENT POLICY ,COVID-19 ,CORONAVIRUS ,FINANCIAL REGULATION - Abstract
This paper introduces a new global database and a policy classification framework that records the financial sector policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken a diverse array of measures to mitigate financial distress in markets and for borrowers, and to support the provision of critical financial services to the real economy. Measures that focus on the banking sector constitute the majority of policies taken and aim to take advantage of the flexibility embedded in the international standards. However, emerging markets and developing economies tend to rely more on prudential measures that go beyond this embedded flexibility compared with advanced economies, which may reduce bank balance sheet transparency and increase risks. Using Cox proportional hazards and Poisson regressions, the paper takes initial steps to analyze the determinants of policy makers’ responsiveness and activity in emerging markets and developing economies, respectively. The results indicate that policy makers have typically been significantly more responsive and have taken more policy measures in emerging markets and developing economies that are richer and more populous. Countries with higher private debt levels tend to respond earlier with banking sector and liquidity and funding measures. The spread of COVID-19, macro-financial fundamentals, and fiscal and containment policies appear to play a limited role. In a substantially smaller sample, the paper explores the role of banking characteristics and finds that emerging markets and developing economies with higher private credit levels and that have adopted Basel III features have taken fewer policy measures. Future work is necessary for better understanding the country determinants of the policy response as well as the effectiveness and potential unintended consequences of the measures.
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- 2020
8. Accounting Provisioning Under the Expected Credit Loss Framework
- Author
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Caruso, Ezio, primary, D'Hulster, Katia, additional, Kliatskova, Tatsiana, additional, and Ortiz, Juan, additional
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- 2021
- Full Text
- View/download PDF
9. Taking Stock of the Financial Sector Policy Response to COVID-19 around the World
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Feyen, Erik, primary, Alonso Gispert, Tatiana, additional, Kliatskova, Tatsiana, additional, and Mare, Davide, additional
- Published
- 2020
- Full Text
- View/download PDF
10. Insolvency Regimes and Cross-Border Investment Decisions
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Kliatskova, Tatsiana, primary and Savatier, Loïc Baptiste, additional
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- 2020
- Full Text
- View/download PDF
11. Essays in International Finance
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Kliatskova, Tatsiana
- Subjects
legal harmonization ,balance sheet effects ,capital market integration ,business and financial cycles ,financial stability - Abstract
Opinions regarding capital account openness have been undergoing changes. On the one hand, financial liberalization and integration are viewed as sources of economic growth and prosperity due to a better allocation of capital to productive uses. In addition, free capital mobility and access to foreign capital are considered to be important facilitators of investment as well as cross-border risk sharing. On the other hand, during the global financial crisis, free capital mobility was blamed for exchange rate overvaluation, overborrowing, fueling of credit booms, asset price bubbles, and sudden stops. Policymakers in emerging market economies claim that the risk of macroeconomic and financial instability increases due to large and volatile global capital flows. Chapters 1 and 2 of this dissertation analyze policies, such as capital flow management measures, monetary policy, and FX interventions, that are implemented by policymakers in emerging market economies with the aim of smoothing economic and financial fluctuations. Chapter 3 assesses the determinants of capital market integration in Europe, motivated by the benefits that cross-border capital flows can bring to economies. The first chapter presents a novel dataset on the easing and tightening of capital controls on inflows and outflows for 24 emerging market economies for the 1997-2014 period at a quarterly frequency. The indexes on capital controls and an index on macroprudential policies (Cerutti et al., 2017) are then used to estimate policy reaction functions that examine the motivation for a time-varying adjustment of these policy measures. According to both the theoretical literature and policymakers, such as the International Monetary Fund, macroprudential policies and controls on net capital inflows should be used in a countercyclical manner in order to smooth business and financial fluctuations. Indeed, the empirical findings of this chapter show that adjustment of macroprudential policies and capital controls on inflows can be largely explained by changing global financial conditions; that is, the policies are used to limit exposure to international capital flows. However, the pattern of loosening and tightening of macroprudential policies and capital controls varies across instruments and categories of assets as well as exhibits some heterogeneity across countries with different income levels, external indebtedness, and exchange rate regimes. The second chapter analyzes, using a sample of 15 emerging market economies, whether countries with a large foreign exchange debt in the non-financial private sector tend to react more strongly to exchange rate changes using both FX interventions and monetary policy. As empirical observations suggest, countries with de jure floating exchange rate regimes are often reluctant to allow their currencies to float freely in practice. One reason why countries may wish to limit exchange rate volatility is potential negative balance sheet effects due to currency mismatches on the balance sheets of firms and households. This chapter supports the idea that an important source of "fear of floating" is balance sheet currency mismatches. This effect is asymmetric; that is, countries stem depreciation, but not appreciation pressure. The third chapter assesses the potential for legal harmonization and convergence in institutional quality to affect financial structures in Europe. The chapter is motivated by the Action Plan for a European Capital Markets Union, which aims to deepen and integrate financial markets in the EU through standardization and harmonization of financial regulations. Based on self-collected data on the implementation of the EU-Directives, the analysis suggests that legal harmonization promotes portfolio equity holdings, while discrepancies in institutional quality, such as insolvency procedures, investor protection, and tax systems, matter primarily for cross-border debt positions. In addition, the relationship between external investments and harmonization of regulations vary significantly across sectors. The results are driven by the investments of institutional investors., Die Meinungen über Kapitalmarktöffnung haben sich immer wieder geändert. Auf der einen Seite werden die Liberalisierung und Integration von Finanzmärkten als begünstigender Faktor für Wirtschaftswachstum und Wohlstand angesehen, da sie zu einer produktiveren Allokation von Kapital beitragen. Außerdem werden freier Kapitalverkehr und Zugang zu Auslandskapital als wichtige Faktoren für Investitionen und grenzüberschreitende Risikoteilung gesehen. Auf der anderen Seite wurden dem freien Kapitalverkehr Verantwortung für Überbewertungen von Währungen, Überschuldung, zu hohe Kreditbereitschaft, Vermögenspreisblasen und plötzliche Unterbrechungen von Finanzströmen zugewiesen. Politische Entscheidungsträger in Schwellenländern haben zudem behauptet, dass das Risiko makroökonomischer und finanzieller Instabilität mit großen und volatilen internationalen Kapitalflüssen ansteigt. Kapitel 1 und 2 dieser Doktorarbeit widmen sich der Analyse von Maßnahmen, die von Entscheidungsträgern in Schwellenländern implementiert werden, um wirtschaftliche und finanzielle Schwankungen zu reduzieren, wie zum Beispiel das Management von Kapitalflüssen, Geldpolitik und Wechselkursinterventionen. Kapitel 3 untersucht die Einflussfaktoren der Kapitalmarktintegration in Europa motiviert durch die Vorteile, die grenzüberschreitender Kapitalverkehr für die beteiligten Länder mit sich bringen kann. Das erste Kapitel beschreibt einen neuartigen Datensatz von Lockerungen und Straffungen der Kontrollen von Kapitalzuflüssen und Kapitalabflüssen für 24 Schwellenländer über den Zeitraum 1997-2014 bei vierteljährlicher Frequenz. Die konstruierten Indizes für Kapitalverkehrskontrollen und ein Index für makroprudenzielle Maßnahmen (Cerutti et al., 2017) werden anschließend dafür verwendet, Funktionen zu schätzen, mit denen die Motivation für zeitlich variierende Anpassungen dieser Maßnahmen untersucht werden kann. Die theoretische wissenschaftliche Literatur und Äußerungen von internationalen Entscheidungsträgern, wie zum Beispiel dem Internationalen Währungsfond, legen nahe, dass die antizyklische Verwendung von makroprudenziellen Maßnahmen und Kapitalkontrollen für Netto-Kapitalzuflüsse für Volkswirtschaften vorteilhaft sind, da sie konjunkturelle und finanzielle Zyklen glätten können. Die Ergebnisse zeigen, dass Anpassungen von makroprudenziellen Maßnahmen und Kapitalkontrollen für Kapitalzuflüsse zum Großteil mit wechselnden globalen finanziellen Bedingungen erklärt werden können. Das bedeutet, dass die Maßnahmen dafür verwendet werden, die Exposition gegenüber dem internationalen Kapitalverkehr zu reduzieren. Das Muster der Lockerung und Straffung von makroprudenziellen Maßnahmen und Kapitalverkehrskontrollen variiert hinsichtlich der betrachteten Maßnahmen und Vermögensarten und weist einige Heterogenität zwischen Ländern mit unterschiedlichen Einkommensniveaus, Auslandsverschuldungsquoten und Wechselkursregimen auf. Das zweite Kapitel untersucht anhand einer Stichprobe von 15 Schwellenländern, ob Länder mit einer hohen Auslandsverschuldung im nicht finanziellen Privatsektor tendenziell stärker mit Wechselkursinterventionen und Geldpolitik auf Wechselkursänderungen reagieren. Empirische Beobachtungen legen nahe, dass Schwellenländer mit einem de jure freien Wechselkursregime oft zögerlich sind, ihre Währungen in der Praxis tatsächlich frei schwanken zu lassen. Ein Grund dafür, dass Länder versuchen, die Volatilität ihrer Wechselkurse zu reduzieren, sind mögliche negative Effekte wegen der Währungsdifferenzen in den Bilanzen von Unternehmen und privaten Haushalten. Das Kapitel unterstützt die Idee, dass Währungsdifferenzen in Bilanzen ein wichtiger Grund für die sogenannte "fear of floating" sind. Der Effekt ist asymmetrisch in der Hinsicht, dass Länder Abwertungsdruck aushalten, nicht jedoch Druck zur Aufwertung ihrer Währung. Das dritte Kapitel widmet sich den Auswirkungen rechtlicher Harmonisierung und der Konvergenz der institutionellen Qualität auf die Finanzmarktstrukturen in Europa. Das Kapitel ist durch den Aktionsplan für eine Europäische Kapitalmarktunion motiviert, der durch Standardisierung und Harmonisierung von Finanzmarktregeln eine Vertiefung und Integration der Finanzmärkte in der EU anstrebt. Auf Basis eines selbstständig erstellten Datensatzes zur Implementierung von EU-Richtlinien zeigen die Ergebnisse, dass rechtliche Harmonisierung grenzüberschreitende Investitionen in Aktien befördert. Unterschiede in der institutionellen Qualität, zum Beispiel hinsichtlich Insolvenzverfahren, Schutz von Investoren und Steuersysteme, sind in erster Linie für die Integration der Anleihemärkte von Bedeutung. Die Beziehung zwischen Auslandsinvestitionen und Harmonisierung der Regulierung variiert zudem deutlich über die verschiedenen Sektoren. Die Ergebnisse werden am stärksten von den Investitionen institutioneller Investoren geprägt.
- Published
- 2019
12. Insolvency regimes and economic outcomes
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Kliatskova, Tatsiana and Savatier, Loïc Baptiste
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ddc:330 - Abstract
When in distress, a firm may need restructuring or liquidation; in either case, legal uncertainty compounds the difficulty. Sound and efficient insolvency regimes are important as these not just positively affect investment, innovation, and economic growth, but also the supply and cost of credit. The design of appropriate insolvency frameworks in Europe is, however, still controversial. The debate is especially relevant as the European Commission just set a new legal framework for insolvency proceedings. This article both summarizes the recent Directive of the European Commission on minimum standards for national insolvency regimes and provides a review of the literature on how insolvency regimes affect real and financial sectors.
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- 2019
13. Stabiles und soziales Europa: Fiskalregeln, Stabilisierungsfonds, Insolvenzregeln, Gender Quote, Gender Pension Gaps, Bildung: Berichte
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Weinhardt, Felix, Hammerschmid, Anna, Rowold, Carla, Wrohlich, Katharina, Bremus, Franziska, Kliatskova, Tatsiana, Clemens, Marius, Fratzscher, Marcel, Kriwoluzky, Alexander, and Michelsen, Claus
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J26 ,stabilization funds ,Gender Pension Gap ,E02 Institutions and the Macroeconomy ,legal harmonization ,E32 Business Fluctuations ,Cycles ,gender quota ,Monetary union ,public debt ,H77 ,J16 Economics of Gender ,Non-labor Discrimination ,gender equality ,education ,M14 ,M51 ,G15 ,J78 ,monetary union ,H62 National Deficit ,Surplus ,program evaluation ,I28 Education: Government Policy ,Board diversity ,Capital market integration ,Europe ,E63 Comparative or Joint Analysis of Fiscal and Monetary Policy ,Stabilization ,Treasury Policy ,E61 ,F45 ,I21 ,E62 ,E63 ,fiscal policy ,M14 Corporate Culture ,Social Responsibility ,I28 ,institutional differences ,J26 Retirement ,Retirement Policies ,institutional Differences ,Fiscal rules ,J14 Economics of the Elderly ,Economics of the Handicapped ,Non-labor Market Discrimination ,Education ,F21 International Investment ,Long-term Capital Movements ,capital market integration ,ddc:330 ,board diversity ,E32 ,G15 International Financial Markets ,J14 ,J78 Labor Discrimination: Public Policy ,J16 ,E62 Fiscal Policy ,E61 Policy Objectives ,Policy Designs and Consistency ,Policy Coordination ,I21 Analysis of Education ,H77 Intergovernmental Relations ,Federalism ,Secession ,M51 Personnel Economics: Firm Employment Decisions ,Promotions ,SHARE ,F21 ,fiscal rules ,D22 Firm Behavior: Empirical Analysis ,countercyclical policy ,E02 ,H62 ,D22 - Abstract
DIW Wochenbericht
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- 2019
- Full Text
- View/download PDF
14. A Stable and Social Europe: Fiscal Rules, a Stabilization Fund, Insolvency Rules, Gender Quota, Gender Pension Gaps, and Education. Reports
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Bremus, Franziska, Clemens, Marius, Fratzscher, Marcel, Hammerschmid, Anna, Kliatskova, Tatsiana, Kriwoluzky, Alexander, Michelsen, Claus, Rowold, Carla, Weinhardt, Felix, and Wrohlich, Katharina
- Subjects
J26 ,stabilization funds ,E02 Institutions and the Macroeconomy ,legal harmonization ,E32 Business Fluctuations ,Cycles ,gender quota ,public debt ,H77 ,J16 Economics of Gender ,Non-labor Discrimination ,gender equality ,education ,M14 ,M51 ,G15 ,J78 ,monetary union ,H62 National Deficit ,Surplus ,program evaluation ,I28 Education: Government Policy ,Europe ,E63 Comparative or Joint Analysis of Fiscal and Monetary Policy ,Stabilization ,Treasury Policy ,E61 ,F45 ,I21 ,E62 ,E63 ,fiscal policy ,M14 Corporate Culture ,Social Responsibility ,gender pension gap ,I28 ,institutional differences ,J26 Retirement ,Retirement Policies ,Fiscal rules ,J14 Economics of the Elderly ,Economics of the Handicapped ,Non-labor Market Discrimination ,F21 International Investment ,Long-term Capital Movements ,capital market integration ,ddc:330 ,board diversity ,G15 International Financial Markets ,E32 ,J14 ,J78 Labor Discrimination: Public Policy ,J16 ,E62 Fiscal Policy ,E61 Policy Objectives ,Policy Designs and Consistency ,Policy Coordination ,I21 Analysis of Education ,H77 Intergovernmental Relations ,Federalism ,Secession ,M51 Personnel Economics: Firm Employment Decisions ,Promotions ,SHARE ,F21 ,D22 Firm Behavior: Empirical Analysis ,fiscal rules ,countercyclical policy ,E02 ,H62 ,D22 - Abstract
DIW Weekly Report
- Published
- 2019
15. Rechtliche Harmonisierung kann Kapitalmarktintegration erleichtern
- Author
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Bremus, Franziska and Kliatskova, Tatsiana
- Subjects
F21 International Investment ,Long-term Capital Movements ,institutional differences ,E02 Institutions and the Macroeconomy ,legal harmonization ,G15 ,capital market integration ,ddc:330 ,F21 ,E02 ,G15 International Financial Markets - Abstract
Nachdem die europäische Bankenunion auf den Weg gebracht wurde, soll nun zusätzlich eine Kapitalmarktunion die Stabilität des europäischen Finanzsystems stärken. Ein Kernziel ist dabei, die Aktien- und Anleihemärkte der europäischen Länder besser zu integrieren, indem rechtliche Regeln harmonisiert und damit Hürden für grenzüberschreitende Wertpapieranlagen abgebaut werden. Der vorliegende Bericht untersucht, wie sich die bisherige Vereinheitlichung von Finanzmarktregeln in Europa auf die externen Wertpapierpositionen verschiedener Investorengruppen ausgewirkt hat. Es zeigt sich, dass eine rechtliche Harmonisierung das Volumen grenzüberschreitender Wertpapieranlagen erhöhen kann. Da die integrationsfördernden Effekte aber nur in einzelnen Sektoren und Wertpapierklassen auftreten und die Vereinheitlichung von Finanzmarktregeln in der EU schon recht weit fortgeschritten ist, wird eine weitere rechtliche Harmonisierung allein nicht ausreichen, um die Kapitalmarktstrukturen krisenfester zu machen. Politische Anstrengungen sollten sich darauf konzentrieren, Investitionsbarrieren in bestimmten Bereichen, wie zum Beispiel Unsicherheiten über Insolvenzprozesse, abzubauen und die Bankenunion zu vollenden, um auch im Bankensektor Anreize für grenzüberschreitende Eigenkapitalinvestitionen zu setzen., DIW Wochenbericht
- Published
- 2018
16. Legal harmonization, institutional quality, and countries' external positions: A sectoral analysis
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Bremus, Franziska and Kliatskova, Tatsiana
- Subjects
legal harmonization ,sectoral effects ,G15 ,capital market integration ,ddc:330 ,F21 ,E02 - Abstract
This paper analyzes links between institutional harmonization and bilateral portfolio debt and equity holdings at the sectoral level. Motivated by the action plan for the European Capital Markets Union, we examine the potential for legal harmonization and convergence in institutional quality to affect financial structures. Our analysis yields three key insights. First, legal harmonization across the EU promotes capital market integration via increased portfolio equity holdings. Second, discrepancies in institutional quality matter for cross-border portfolio positions: economic agents increase their portfolio debt investment in countries that are transparent and have efficient insolvency procedures, investor protection, and tax systems as compared to the domestic ones. Third, the relationship between external capital holdings and institutional harmonization varies significantly across sectors. The other financial corporations sector, which accounts for a large share of portfolio positions, tends to react more to institutional harmonization than do banks and the non-financial private sector.
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- 2018
17. Regulatory differences and international financial integration
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Kliatskova, Tatsiana
- Subjects
ddc:330 - Abstract
The Capital Markets Union (CMU) - an initiative of the European Commission - aims to unify and deepen capital markets across EU Member States by removing existing barriers to cross-border investment and, in particular, harmonizing financial and business regulations. However, harmonizing institutional frameworks across the EU Member States that historically have different legal traditions is difficult and requires time. This article summarizes important steps to harmonizing business and financial laws in the EU and discusses empirical and theoretical literature on the role of legal harmonization in deepening and better integrating financial markets.
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- 2018
18. Legal Harmonization, Institutional Quality, and Countries' External Positions: A Sectoral Analysis
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Bremus, Franziska, primary and Kliatskova, Tatsiana, additional
- Published
- 2018
- Full Text
- View/download PDF
19. Floating with a Load of FX Debt?
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Kliatskova, Tatsiana, Mikkelsen, Uff, Kliatskova, Tatsiana, and Mikkelsen, Uff
- Abstract
Countries with de jure floating exchange rate regimes are often reluctant to allow their currencies to float freely in practice. One reason why countries may wish to limit exchange rate volatility is potential negative balance sheet effects due to currency mismatches on the balance sheets of firms and households. In this paper, we show in a sample of 15 emerging market economies that countries with large foreign exchange (FX) debt in the non-financial private sector tend to react more strongly to exchange rate changes using both FX interventions and monetary policy. Thus, our results support the idea that an important source of “fear of floating” is balance sheet currency mismatches. This effect is asymmetric; that is, countries stem depreciation but not appreciation pressure. Moreover, FX debt financed through the domestic banking system is more important for fear of floating than FX debt obtained directly from external sources.
- Published
- 2015
20. Floating with a Load of FX Debt?
- Author
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Kliatskova, Tatsiana, primary and Mikkelsen, Uffe, additional
- Published
- 2015
- Full Text
- View/download PDF
21. Effizientere Insolvenzregelungen können Finanzmärkte widerstandsfähiger machen.
- Author
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Bremus, Franziska and Kliatskova, Tatsiana
- Abstract
Copyright of Deutsches Institut für Wirtschaftsforschung: DIW-Wochenbericht is the property of DIW Berlin and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2019
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