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Financial openness, disclosure and bank risk-taking in MENA countries

机译:中东和北非国家的金融开放性,信息披露和银行冒险

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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.
机译:在本文中,我们分析了在国际资本流动的背景下新兴经济体中银行的冒险行为。我们的论文重点介绍了存款人可以施加压力以控制风险承担的新渠道。存款人可以将储蓄从本国转移到发达经济体的更具保护性的体系中。我们恢复了一个经典的结果,根据该结果,国际金融开放程度提高导致竞争加剧,银行因此承担了过多的风险。但是,我们发现,对于财务透明度和安全风险管理之间的积极联系,必须有足够高的财务开放度。最后,我们测试了由中东和北非地区和土耳其的258家银行组成的小组的披露,财务开放度和银行承担风险之间的关系。

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