Hiroko Oura

TL;DR: In this article, the authors propose a framework to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation in the virtual currency ecosystem, where international standards and best practices are considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.

TL;DR: In this paper, the authors propose a framework to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation in the virtual currency ecosystem, where international standards and best practices are considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.

TL;DR: In this paper, the efficiency of different segments of India's financial system using firm-level data on corporate financing patterns was examined, and it was shown that firms in an industry that are more dependent on external finance grow more slowly.

TL;DR: The recent financial crisis drew unprecedented attention to the stress testing of financial institutions as discussed by the authors, and this spurred an intense debate on the models, underlying assumptions, and uses of stress tests, which have emerged from trial-and-error and often reflect constraints in human, technical, and data capabilities.

TL;DR: In this article, the authors evaluate how increases in banks and nonfinancial corporates' default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008.