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Existing theories of political economy, liberal as well as Marxist, see capital as a dual entity. According to these theories, the "real" essence of capital consists of material/productive commodities, while the "financial" appearance of capital either accurately mirrors or fictitiously distorts...
Persistent link: https://www.econbiz.de/10011644934
The G-20 Data Gaps Initiative has called for the IMF to develop standard measures of tail risk, which we identify in this paper with systemic risk. To understand the conditions under which tail risk is present, it is first necessary to develop a measure of what constitutes a systemic stress, or...
Persistent link: https://www.econbiz.de/10010790432
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245897
This paper tests the role of different banks' liquidity funding structures in explaining the banks' failures, which … explaining banks' probability of default. By confirming the role of funding as the driver of banking crisis, the paper also … to strenghten banks' liquidity conditions and improve financial stability. Its correct implementation together with …
Persistent link: https://www.econbiz.de/10009203531
The paper provides an empirical analysis of aggregate banking system ratios during systemic banking crises. Drawing upon a wide cross-country dataset, we utilize parametric and nonparametric tests to assess the power of these ratios to discriminate between sound and unsound banking systems. We...
Persistent link: https://www.econbiz.de/10005768721
Many empirical studies of banking crises have employed "banking crisis" (BC) indicators constructedusing primarily information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking industry which we use to identify and...
Persistent link: https://www.econbiz.de/10008528706
Interventions in banks are often an integral element of a government’s program for addressing a systemic banking crisis …. Interventions may be warranted because the banks are deeply insolvent or riddled with fraud; they may be requiring substantial … banks in a systemic crisis. …
Persistent link: https://www.econbiz.de/10005605504
The banks straightening out is a concept different from the reorganization of any other commercial companies, due to … of the bank insolvency status. The present financial systemic crisis enforced some exceptional forms of banks “express …” straightening out, with the subsequent enforcement of the classic, conventional methods of banks straightening out, but, at the same …
Persistent link: https://www.econbiz.de/10008835139
The recent global financial crisis has forced a re-examination of risk transmission in the financial sector and how it affects financial stability. Current macroprudential policy and surveillance (MPS) efforts are aimed establishing a regulatory framework that helps mitigate the risk from...
Persistent link: https://www.econbiz.de/10011242440
This article is an overview of existing deposit insurance in the European Union. There are various national deposit schemes that form the source of insurance. The schemes come up with various coverage, contributions, and fund sizes. The recent financial crisis has brought about a change in the...
Persistent link: https://www.econbiz.de/10011242781