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The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … the economy. Public sector banks have shown significant performance in containing bad debts. Private banks have continued … banks, apart from other accepted determinants of profitability, asset size has no significant impact on profitability. …
Persistent link: https://www.econbiz.de/10011263002
maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in … nationally segmented banking systems. As a side effect, the national central banks substitute money market operations for cross …-border capital flows. The national central banks are thus increasingly engaging in substantial balance-of-payments financing, and …
Persistent link: https://www.econbiz.de/10010886947
In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more fundamental than he has been able to find. For this purpose he reviews some social science literature that views the current crisis as an episode in the secular decline of the...
Persistent link: https://www.econbiz.de/10008561129
There seems to be no consensus in the literature with respect to monetary policy strategies in combination with flexible exchange rate regimes. Therefore, this paper determines what the alternative strategies inflation targeting, Taylor rule, monetary conditions index, and managed floating have...
Persistent link: https://www.econbiz.de/10005700541
This paper analyzes institutional arrangements for exchange rate systems and reviews what we know. It looks at the foreign exchange market, different balance of payment situations in which countries find themselves and the necessary exchange rate adjustments. It studies the options that are...
Persistent link: https://www.econbiz.de/10005700582
Previous research on the optimal size of a monetary policy committee (MPC) focused on theoretical analyses and experimental studies. These studies suggest that the ideal monetary policy committee may not have many more than five members. In this paper we conduct an empirical cross-country study...
Persistent link: https://www.econbiz.de/10005700607
In a model with forward-looking expectations, the paper examines communication of central bank forecasts when the inflation target is subject to unobserved changes. It characterizes the effect of disclosure of forecasts on inflation and output stabilization and the choice of an active versus...
Persistent link: https://www.econbiz.de/10005818864
, consisting of roughly 28% of all banks before the global financial crisis (GFC) and 23% afterwards, (3) the majority of core … banks can be classified as intermediaries, i.e. as banks both borrowing and lending money, (4) allowing for asymmetric … lending activity of money center banks. During the financial crisis of 2008, the reduction of interbank lending was mainly due …
Persistent link: https://www.econbiz.de/10009653068
Previous literature on statistical properties of interbank loans has reported various power-laws, particularly for the degree distribution (i.e. the distribution of credit links between institutions). In this paper, we revisit data for the Italian interbank network based on overnight loans...
Persistent link: https://www.econbiz.de/10010905568
according to a fitness algorithm, combined with a representation of the balance sheets of the banks. Our generating processes …
Persistent link: https://www.econbiz.de/10010905570