Showing 1 - 10 of 367
This paper proposes an approach to track US$1 trillion of emerging market government debt held by<br>foreign investors in local and hard currency, based on a similar approach that was used for advanced<br>economies (Arslanalp and Tsuda, 2012). The estimates are constructed on a quarterly basis from...
Persistent link: https://www.econbiz.de/10011142032
This paper examines the financial stability implications arising from securitization markets, with one eye on the past and another on the future. The paper begins by deriving a number of “lessons learned†based on an examination of key industry developments in the years before the...
Persistent link: https://www.econbiz.de/10011142086
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...
Persistent link: https://www.econbiz.de/10010878415
This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and...
Persistent link: https://www.econbiz.de/10005248144
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
-98. It argues that country-specific banking sector features, the size of bad loans inherited from the centrally planned … costs and overall improvement in banking sector performance for the sample countries as a whole. …
Persistent link: https://www.econbiz.de/10005248153
many open economies, each with a banking system and a central bank operating under a pegged exchange rate regime. The … fragility of the banking system and the limited ability of a domestic central bank to provide international liquidity together … can cause currency and banking crises. An international interbank market can help an economy with the needed international …
Persistent link: https://www.econbiz.de/10005248186
Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet. It allows for ongoing valuation of loans. Both are core elements of credit risk management and important to...
Persistent link: https://www.econbiz.de/10005248195
on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking …
Persistent link: https://www.econbiz.de/10005248226
We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows...
Persistent link: https://www.econbiz.de/10005248244