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When in Peril, Retrench : Testing the Portfolio Channel of Contagion
International Monetary Fund - 2004
past gains and losses on investors'' risk aversion. We first present a simple model on how heterogeneous changes in … investors'' risk aversion affect portfolio decisions and stock prices. Second, we empirically show that, when funds'' returns …
Persistent link: https://www.econbiz.de/10014402038
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Fiscal Transparency, Accountability, and Risk
International Monetary Fund - 2012
This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers...
Persistent link: https://www.econbiz.de/10014410215
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Elasticity Optimism
International Monetary Fund - 2009
. It is more than twice larger with sectoral heterogeneity. We discuss the implications in various areas of international …
Persistent link: https://www.econbiz.de/10014402215
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Asset Prices and Time-Varying Risk
International Monetary Fund - 1988
time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
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Model Uncertainty. Learning, and the Gains from Coordination
International Monetary Fund - 1988
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854
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Guernsey : Financial Sector Assessment Program Update-Technical Note on Stress Testing: Banking and Insurance
International Monetary Fund - 2011
assess the sensitivity of banks and insurance companies to single-factor shocks to risk types affecting solvency and … simulation of the effect of a potential double-dip recession on solvency of Guernsey banks and insurance companies. The STs … liquidity position of institutions. The mission recommends that future STs should be risk-based and that macroprudential …
Persistent link: https://www.econbiz.de/10014402417
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Switzerland : Financial Sector Assessment Program: Technical Note: Insurance Sector Stress Testing
International Monetary Fund - 2007
This technical note discusses key findings of the insurance sector stress tests for Switzerland. The results suggest … that there are market risks inside some Swiss insurance entities that may need focused attention. In particular, a moderate …
Persistent link: https://www.econbiz.de/10014407557
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Brazil; Financial System Stability Assessment
International Monetary Fund (IMF); International … - 2012
The paper discusses the stability of Brazil's financial system, which is diversified and shows sustained economic progress. Fiscal and monetary policies have been aimed to improve bank reserves, and foreign exchange intervention has been streamlined to curb volatility in the exchange market....
Persistent link: https://www.econbiz.de/10011243537
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Kingdom of Netherlands; Netherlands: Financial System Stability Assessment
International Monetary Fund (IMF); International … - 2011
The Netherlands has been heavily affected by the global financial crisis. The “Twin Peaks†supervision model, with Netherlands Central Bank - De Nederlandsche Bank (DNB) as the prudential supervisor, and the Authority for Financial Markets (AFM) responsible for conduct-of-business...
Persistent link: https://www.econbiz.de/10011243829
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Urban and Rural Household Savings in China
International Monetary Fund - 1988
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466