Narrow search
Showing 1 - 10 of 12
Cover Image
The Bank Lending Channel of Monetary Transmission; Does it Work in Turkey?
Brooks, Petya Koeva - International Monetary Fund (IMF) - 2007
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
Cover Image
Distance-To-Default in Banking; A Bridge too Far?
Sy, Amadou N. R.; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006
In contrast to corporate defaults, regulators typically take a number of statutory actions to avoid the large fiscal costs associated with bank defaults. The distance-to-default, a widely used market-based measure of corporate default risk, ignores such regulatory actions. To overcome this...
Persistent link: https://www.econbiz.de/10005825824
Cover Image
An Option-Based Approach to Bank Vulnerabilities in Emerging Markets
Jobert, Arnaud; Kong, Janet; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2004
We measure bank vulnerability in emerging markets using the distance-to-default, a risk-neutral indicator based on Merton's (1974) structural model of credit risk. The indicator is estimated using equity prices and balance-sheet data for 38 banks in 14 emerging market countries. Results show it...
Persistent link: https://www.econbiz.de/10005826670
Cover Image
Contagion Risk in the International Banking System and Implications for London As a Global Financial Center
Chan-Lau, Jorge A.; Mitra, Srobona; Ong, Li L. - International Monetary Fund (IMF) - 2007
banking system. We test for the likelihood that an extreme shock affecting a major, systemic U.K. bank would also affect …
Persistent link: https://www.econbiz.de/10005768965
Cover Image
What’S the Damage? Medium-Term Output Dynamics After Banking Crises
Abiad, Abdul; Brooks, Petya Koeva; Tytell, Irina; … - International Monetary Fund (IMF) - 2009
This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and … post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with … associated with medium-run output losses include the short-run change in output, the occurrence of a joint banking …
Persistent link: https://www.econbiz.de/10008540924
Cover Image
Regulatory Capital Charges for too-Connected-To-Fail Institutions; A Practical Proposal
Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2010
The recent financial crisis has highlighted once more that interconnectedness in the financial system is a major source of systemic risk. I suggest a practical way to levy regulatory capital charges based on the degree of interconnectedness among financial institutions. Namely, the charges are...
Persistent link: https://www.econbiz.de/10008470375
Cover Image
Balance Sheet Network Analysis of too-Connected-To-Fail Risk in Global and Domestic Banking Systems
Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2010
interconnectedness risk, under extreme adverse scenarios, in banking systems in mature and emerging market countries, and between …
Persistent link: https://www.econbiz.de/10008533227
Cover Image
The Global Financial Crisis and its Impacton the Chilean Banking System
Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2010
paper concludes by assessing government measures aimed at reducing systemic risk in the domestic banking sector and the …
Persistent link: https://www.econbiz.de/10008533239
Cover Image
Hong Kong SAR; Meeting the Challenges of Integration with the Mainland
Lee, William; Chan-Lau, Jorge A.; Iakova, Dora M.; Papa … - International Monetary Fund (IMF) - 2004
This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
Persistent link: https://www.econbiz.de/10005590857
Cover Image
The Performance of Indian Banks During Financial Liberalization
Brooks, Petya Koeva - International Monetary Fund (IMF) - 2003
This paper provides new empirical evidence on the impact of financial liberalization on the performance of Indian commercial banks. The analysis focuses on examining the behavior and determinants of bank intermediation costs and profitability during the liberalization period. The empirical...
Persistent link: https://www.econbiz.de/10005599475