systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries … national level, robust macroprudential policy frameworks focused on mitigating systemic risk can improve the capacity of a … and to reduce systemic financial risk stemming from such flows (CFM/MPMs), and thereby ensure the appropriate application …

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to … assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …

indicators, the contributors have delved into the ways that global volatility, especially since 2008, has affected Indonesia and …

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia … of interbank risk premia, albeit to a different degree during the subprime and global phases of the crisis. Decisions not …

and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative …

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … (CPMG) methodology of Pesaran et al. (1999) for estimation. The latter takes account of cross-country heterogeneity and … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly …

increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …