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Systemic Financial Risk in Payment Systems
International Monetary Fund - 1990
Efficient and stable payments systems are of fundamental importance in maintaining an orderly international monetary system. Major disruptions of national and international payments systems would have highly adverse effects on international trade, capital flows, and real activity. A key...
Persistent link: https://www.econbiz.de/10014396195
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Short-Term Wholesale Funding and Systemic Risk : A Global Covar Approach
International Monetary Fund - 2012
In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex banks using the novel CoVaR approach. We find that short-term wholesale funding is a key determinant in triggering systemic risk episodes. In contrast, we find no evidence that a...
Persistent link: https://www.econbiz.de/10014396950
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Australia : Addressing Systemic Risk Through Higher Loss Absorbency—Technical Note
International Monetary Fund - 2012
Australia’s four largest banks can be considered domestically systemic. They make up the lion’s share of the banking system, use similar business models, and are interconnected. The top four banks are relatively similar in terms of systemic importance, partly reflecting the authorities’...
Persistent link: https://www.econbiz.de/10014395312
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Fat Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation
International Monetary Fund - 2011
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim holders’ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is shown that the correlation bias shifts...
Persistent link: https://www.econbiz.de/10014401318
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Macroprudential Policy : What Instruments and How to Use them? Lessons From Country Experiences
International Monetary Fund - 2011
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10014397863
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Turkey : Sixth Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria: Staff Report; Sta...
International Monetary Fund - 2007
The staff report for the Sixth Review and Inflation Consultation Under the Stand-By Arrangement on Turkey explains the …
Persistent link: https://www.econbiz.de/10014405833
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Turkey : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Turkey
International Monetary Fund - 2007
The staff report for the 2007 Article IV Consultation highlights Turkey’s economic revival and policies to entrench … macroeconomic stability. Turkey has experienced an impressive economic revival in recent years. Exports have continued to gain … considered that Turkey needs to manage vulnerabilities carefully and address structural challenges to increase the economy …
Persistent link: https://www.econbiz.de/10014405834
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Turkey : Financial System Stability Assessment
International Monetary Fund - 2007
This Financial System Stability Assessment on Turkey discusses macroeconomic development and trend in the financial … system. The financial system does not appear to face major immediate threats, but vulnerabilities remain. Turkey remains …
Persistent link: https://www.econbiz.de/10014405872
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Turkey : Staff Report for the 2010 Article IV Consultation and Post: Program Monitoring-Supplementary Information; Staff Report; Informational Annex; Public Information Notice on t...
International Monetary Fund - 2010
On the eve of the global financial crisis, the Turkish economy had just concluded a six-year growth surge, spurred by policy reforms and favorable external and domestic conditions. Turkish GDP was hit hard by the onset of the global financial crisis, but quickly retraced its losses. The...
Persistent link: https://www.econbiz.de/10014405915
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Turkey : Selected Issues
International Monetary Fund - 2007
This Selected Issues paper on Turkey reviews a decline in private saving and adoption of a fiscal rule. As economic … current account deficits and a strong lira, raising concerns that Turkey may be exposed to sudden reversals in investor …
Persistent link: https://www.econbiz.de/10014405934