CEU Electronic Theses and Dissertations, 2015
| Author | Arzykulova, Zhamyila |
|---|---|
| Title | Analysis of impact of banking regulation on international financial network in 2001-2013 |
| Summary | This thesis investigates the relation between the banking regulation and its underlying financial network. In particular, it tries to identify impact if there is any, of the regulatory framework on the structure of the financial industry. It is completed by means of comparing results of the financial network and regulatory evolution analysis. The literature up to date argues for significant lags in the regulatory changes preventing from effective supervision of financial network. The data for network analysis comes from two datasets: cross-border banking claims and portfolio investments for the years 2001-2013. Assuming a direct impact of the regulation on interbank relations, the paper attempts to catch wider influence by means of mapping securities flows as well. The analysis shows that indeed there were dramatic structural changes in both layers of the international financial network. However, the direct impact of the regulation is minor and arguably rather negative. Based on network mapping and regulatory research, I conclude with certain policy implications aiming to ensure a stability of the international financial system. |
| Supervisor | Mantegna, Rosario N. |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2015/arzykulova_zhamilia.pdf |
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