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When the global economy hit the wall in 2007-08 (i.e. sub-prime mortgage debacle in 2006 followed by the 2008 global credit mayhem, originated in the U.S. before spreading to Europe as sovereign debt crisis), an extensive research by economists, scholars and academia compared and contrasted the...
Persistent link: https://www.econbiz.de/10012833643
Increasing financial and political turmoil in the 1970s and 1980s coupled with oil shock prompted Governors of the G-10 countries to engage in cooperation and financial collaboration that eventually paved the road for the establishment of the Basel Committee on Banking Supervision in 1974. After...
Persistent link: https://www.econbiz.de/10012835664
The United States has turned into an anarchic Hobbesian in part triggered by; weakening dollar's natural pull as the main reserve currency; China's massive foreign reserves; fast rise of the renminbi; the failure attempts to dismantle gold and its readiness to reclaim a monetary role at the...
Persistent link: https://www.econbiz.de/10012837594
A banking operation is at the epicenter of financial intermediation, and there is no perfect substitute for it in capital markets. Because a banking operation revolves around a constant inventory of risks, in the event of a financial or economic crisis, banks therefore get hit as the first line...
Persistent link: https://www.econbiz.de/10012840779
This paper analyzes the cost impact of the Basel III higher capital and liquidity requirements on bank capital, lending spreads, and steady state output across the main Southeast Asian nations (ASEAN-5). We also investigate potential long-run economic benefit expressed as a gain in steady state...
Persistent link: https://www.econbiz.de/10012908762
The propagation of financial crises has made Basel III and stress testing a central focus across ASEAN-5. The primary objective of the thesis was twofold; to assess the cost impact of Basel III on bank capital, lending spreads, and steady state output across ASEAN-5; and to construct a macro...
Persistent link: https://www.econbiz.de/10012908765
The magnitude of global financial and economic crises in recent years have increased significantly and become almost unbearable, causing investors to lose confidence in the whole financial system. A wide range of internal and external factors can certainly influence the intensity of a financial...
Persistent link: https://www.econbiz.de/10012908770
The world has seen two major financial and economic crises in less than two decades, which have shaken investor confidence in the financial systems, resulted in tens of hundreds of billions of loss, and left behind dislocated societies in many regions. Everything started in the summer months of...
Persistent link: https://www.econbiz.de/10012908771
The main results of the macro stress testing exercise in this paper reveal that Malaysia's banking sector is resilient, well diversified, and highly interconnected. Further, Malaysia has a thriving equity market, large bond market and growing private debt securities. Main results of the baseline...
Persistent link: https://www.econbiz.de/10012908841
This paper examines relevancy of corporate financial policies and documents similarities and/or differences of how profit maximization goal is viewed by Islamic banking institutions (IBIs). Management of the firm is ultimately responsible for maximizing profits and increasing shareholder value,...
Persistent link: https://www.econbiz.de/10012908843