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Stress Testing of Probability of Default of Individuals
Kadeřábek, Petr; Slabý, Aleš; Vodička, Josef - Institut ekonomických studií, Univerzita Karlova v Praze - 2008
This paper introduces a model for stress testing of probability of default of individuals. The model rests on assumption that the individual defaults if his savings fall below zero. The probability of default is then described as a function of several macroeconomic indicators such as wages,...
Persistent link: https://www.econbiz.de/10005808661
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A Model of Human Capital, Time Discounting and Economic Growth
Bauer, Michal; Chytilová, Julie - Institut ekonomických studií, Univerzita Karlova v Praze - 2008
Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate depends upon the level of human capital. This assumption accords strongly with the micro-level evidence. In the model an individual optimizes consumption over two periods. Low...
Persistent link: https://www.econbiz.de/10005808662
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How Resilient is the German Banking System to Macroeconomic Shocks?
Dovern, Jonas; Meier, Carsten-Patrick; Vilsmeier, Johannes - Institut für Weltwirtschaft (IfW) - 2008
Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …
Persistent link: https://www.econbiz.de/10005818895
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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
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Germany's Three-Pillar Banking System; Cross-Country Perspectives in Europe
International Monetary Fund (IMF); International … - 2004
restructuring, and discusses the various arguments for and against public involvement in banking. …
Persistent link: https://www.econbiz.de/10005767363
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Republic of Palau; Assessment of the Supervision and Regulation of the Financial Sector—Volume I: Review of Financial Sector Regulation and Supervision
International Monetary Fund (IMF); International … - 2004
This paper presents key findings of the Assessment of the Supervision and Regulation of the Financial Sector for Palau. Palau’s government has demonstrated a clear political commitment to antimoney laundering. In addition to being a signatory to the Honiara Declaration, it has more...
Persistent link: https://www.econbiz.de/10005768379
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Algeria; 2002 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2003
This 2002 Article IV Consultation highlights that the overall budget balance of Algeria weakened in 2001 and the first half of 2002. This deterioration mainly reflected higher spending and a decline in hydrocarbon revenues owing to a reduction in volumes and prices. The overall balance dropped...
Persistent link: https://www.econbiz.de/10005768380
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United Arab Emirates; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper and Statistical Appendix presents five essays examining issues in the United Arab Emirates related to the financial sector, long-term fiscal trends, fiscal sustainability, the competitiveness of the non-oil economy, and the labor market, as well as estimates of the...
Persistent link: https://www.econbiz.de/10005768385
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Zimbabwe; Statistical Appendix
International Monetary Fund (IMF); International … - 2004
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10005768397
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Uruguay; Seventh Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion—Staff Report and Supplement; Press Release; and Statement...
International Monetary Fund (IMF); International … - 2005
of Performance Criterion. The favorable program results reflect prudent macroeconomic policies and important banking …
Persistent link: https://www.econbiz.de/10005768404