This paper offers novel evidence on the impact of raising bank capital requirements on
lending in an emerging market and explores heterogeneous effects, depending on bank …

This paper offers novel evidence on the impact of raising bank capital requirements in the
context of an emerging market: Peru. Using quarterly bank-level data and exploiting the …

The withdrawal of correspondent banking relationships (CBRs) remains a concern for the
international community because, in affected jurisdictions, the decline could have potential …

The rapid growth of crypto assets has raised questions about the appropriate regulatory
perimeter and the ability of the existing regulatory architecture to adapt to changing conditions (…

China's landscape for Financial Market Infrastructures (FMIs) is one of the largest and most
complex in the world. It consists of a range of payment, clearing and settlement systems, …

A new wave of technological innovations, often called “fintech,” is accelerating change in
the financial sector. What impact might fintech have on financial services, and how should …

FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa.
New technologies are being developed and implemented in sub-Saharan Africa with the …

This paper proposes an intermediary-based explanation of the risk premium of currency
carry trade in a model with a cross-section of small open economies. In the model, bankers in …

Correspondent banking is a cornerstone of global trade and economic activity. In today’s
highly connected economic world, correspondent banking helps to facilitate cross-border flow …