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Contagion Risk in the International Banking System and Implications for London As a Global Financial Center

Chan-Lau, Jorge A.; Mitra, Srobona; Ong, Li L. - International Monetary Fund (IMF) - 2007

In this paper, we use the extreme value theory (EVT) framework to analyze contagion risk across the international …

Persistent link: https://www.econbiz.de/10005768965

Of Runes and Sagas; Perspectiveson Liquidity Stress Testing Using An Iceland Example

Cihák, Martin; Ong, Li L. - International Monetary Fund (IMF) - 2010

systems around the world. These failures were most evident in the area of liquidity risk, where now-obvious vulnerabilities … data from a now-defunct bank in Iceland, where liquidity shocks were immense, to demonstrate how a combination of stress … assumptions and shocks, could reveal key areas of risk to inform contingency planning. The liquidity stress test templates used in …

Persistent link: https://www.econbiz.de/10008560436

Estimating Spillover Risk Among Large EU Banks

Ong, Li L.; Cihák, Martin - International Monetary Fund (IMF) - 2007

The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally remain more likely, but the number of significant...

Persistent link: https://www.econbiz.de/10005263655

A Framework for Macroprudential Bank Solvency Stress Testing; Application to S-25 and Other G-20 Country FSAPs

Jobst, Andreas A.; Ong, Li L.; Schmieder, Christian - International Monetary Fund (IMF) - 2013

The global financial crisis has placed the spotlight squarely on bank stress tests. Stress tests conducted in the lead-up to the crisis, including those by IMF staff, were not always able to identify the right risks and vulnerabilities. Since then, IMF staff has developed more robust stress...

Persistent link: https://www.econbiz.de/10011242340

The Capital Markets of Emerging Europe; Institutions, Instruments and Investors

Ong, Li L.; Iorgova, Silvia - International Monetary Fund (IMF) - 2008

Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as...

Persistent link: https://www.econbiz.de/10005264095

An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains

Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005

The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...

Persistent link: https://www.econbiz.de/10005264116

The Role of Mature Market Mutual Funds in Emerging Markets; Myth or Mayhem?

Sy, Amadou N. R.; Ong, Li L. - International Monetary Fund (IMF) - 2004

The expansion of the global mutual funds industry has been characterized by growth in mature as well as emerging markets. This has clearly contributed to the development of local securities markets in emerging market economies, which in turn, has been key in attracting investment inflows from...

Persistent link: https://www.econbiz.de/10005825920

FX Swaps; Implications for Financial and Economic Stability

Ong, Li L.; Barkbu, Bergljot - International Monetary Fund (IMF) - 2010

their funding requirements and manage their liquidity risk. The turmoil also raised questions about banks' ability to …

Persistent link: https://www.econbiz.de/10008519490

Foreign Banks in the CESE Countries; In for a Penny, in for a Pound?

Ong, Li L.; Maechler, Andrea M. - International Monetary Fund (IMF) - 2009

The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by...

Persistent link: https://www.econbiz.de/10005826501