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The impact of the 1988 Basel Accord on banks' capital ratios and credit risk-taking: an international study

Roy, Patrick Van - EconWPA - 2005

of this study lies in the fact that the standardized approach to credit risk in the New Basel Accord is conceptually … equations model to analyze adjustments in capital and credit risk at banks from G- 10 countries over the 1988-95 period. The … banks increased or decreased their credit risk over the period studied. Interestingly, these findings are robust to the …

Persistent link: https://www.econbiz.de/10005134754

Libéralisation financière : Impacts et conditions de réussite Un essai d'application pour les pays du Maghreb

KHALFAOUI, Hamdi - EconWPA - 2005

Résumé : La libéralisation financière qui est imposée à certains pays en développement, sous l'égide des organisations internationales (FMI et Banque Mondiale) et l'impulsion de la puissante vague de transactions financières internationales, est devenue de plus en plus une exigence...

Persistent link: https://www.econbiz.de/10005119481

Growth Dynamics: The Myth of Economic Recovery

Cerra, Valerie; Saxena, Sweta C. - EconWPA - 2005

Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...

Persistent link: https://www.econbiz.de/10005126155

No More Rocking Horses: Trading Business-Cycle Depth for Duration Using an Economy-Specific Characteristic.

Mikhail, Ossama - EconWPA - 2004

Regarding the trade-off between the depth and the duration of recessions, there exists a mounting empirical evidence of the idiosyncratic and non-synchronized behavior of the business cycle over time within and across countries. In this paper, I propose a stochastic dynamic general equilibrium...

Persistent link: https://www.econbiz.de/10005076708

CIRCULAR VARIABLE WORK IN PROCESS

Vildosola, Luis - EconWPA - 2002

This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...

Persistent link: https://www.econbiz.de/10005126234

Foreign Banks and Credit Stability in Central and Eastern Europe: friends or foes? A panel data analysis

Haas, Ralph de; Lelyveld, Iman van - EconWPA - 2003

credit and deposit bases, whereas foreign banks did not. Also, home country conditions matter for foreign bank growth, as … there is a significant and negative relationship between home country economic growth and host country credit by foreign …

Persistent link: https://www.econbiz.de/10005125544

Bank Stability and Market Discipline: Debt-for-Equity Swap versus Subordinated Notes

Raviv, Alon - EconWPA - 2004

Several studies have recommended reliance on subordinated debt as a tool for monitoring banks by investors and for enhancing depositors’ protection. However, subordinated debenture increases the level of leverage and thus the probability of costly failure. We propose a novel financial...

Persistent link: https://www.econbiz.de/10005413031

MODIS: A Market-Oriented Deposit Insurance Scheme

Vaez-Zadeh, Reza; Xie, Danyang; Zoli, Edda - EconWPA - 2002

This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme that minimizes distortions and embodies fairness and credibility, two essential characteristics...

Persistent link: https://www.econbiz.de/10005413124

CORPORATE CREDIT RISK MODELING: QUANTITATIVE RATING SYSTEM AND PROBABILITY OF DEFAULT ESTIMATION

Fernandes, João - EconWPA - 2005

The literature on corporate credit risk modeling for privately-held firms is scarce. Although firms with unlisted … the unavailability of public data. This study is an empirical application of credit scoring and rating techniques applied …

Persistent link: https://www.econbiz.de/10005413176

Risk in Financial Conglomerates: Management and Supervision

Lelyveld, Iman van; Schilder, Arnold - EconWPA - 2003

Financial conglomerates, combining banking, securities trading, and insurance, have become an important part of the financial landscape in many countries. Cross-sector consolidation has been fostered by trends such as disintermediation, globalization, and deregulation creating new challenges for...

Persistent link: https://www.econbiz.de/10005413195