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Cihák, Martin - International Monetary Fund (IMF) - 2007

Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests, and illustrate their strengths and weaknesses. Using an Excel-based exercise with...

Persistent link: https://www.econbiz.de/10005248151

Estimating Spillover Risk Among Large EU Banks

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

prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally …

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

Islamic Banks and Financial Stability; An Empirical Analysis

Cihák, Martin; Hesse, Heiko - International Monetary Fund (IMF) - 2008

and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic …

Persistent link: https://www.econbiz.de/10005263779

Cooperative Banks and Financial Stability

Cihák, Martin; Hesse, Heiko - International Monetary Fund (IMF) - 2007

Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This...

Persistent link: https://www.econbiz.de/10005263860

Financial Stability Reports:What Are they Good for?

Muñoz, Sònia; Jahjah, Samir; Cihák, Martin; … - International Monetary Fund (IMF) - 2012

The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial stability reports be part of it. We examine the recent experience with central banks' financial...

Persistent link: https://www.econbiz.de/10009401194

The Bright and the Dark Side of Cross-Border Banking Linkages

Muñoz, Sònia; Scuzzarella, Ryan; Cihák, Martin - International Monetary Fund (IMF) - 2011

When a country's banking system becomes more linked to the global banking network, does that system get more or less … prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M …-shaped relationship between financial stability of a country's banking sector and its interconnectedness. In particular, for banking …

Persistent link: https://www.econbiz.de/10009203546

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

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

The global financial crisis revealed weaknesses in the stress testing exercises performed on financial institutions and systems around the world. These failures were most evident in the area of liquidity risk, where now-obvious vulnerabilities were left largely undetected, with stress tests...

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

The Case for a European Banking Charter

Cihák, Martin; Decressin, Jörg - International Monetary Fund (IMF) - 2007

regimes--a European Banking Charter (EBC)--could harness market forces to establish a level playing field for financial sector …

Persistent link: https://www.econbiz.de/10005825634

Are More Competitive Banking Systems More Stable?

Cihák, Martin; Wolfe, Simon; Schaeck, Klaus - International Monetary Fund (IMF) - 2006

competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure … for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone …

Persistent link: https://www.econbiz.de/10005825680

Distress in European Banks; An Analysis Basedon a New Dataset

Poghosyan, Tigran; Cihák, Martin - International Monetary Fund (IMF) - 2009

of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sound banks …

Persistent link: https://www.econbiz.de/10005826186