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

credit risk, interest rate and exchange rate risks, liquidity risk and contagion risk, and are guided in the design of stress …

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

Liquidity and Transparency in Bank Risk Management

Ratnovski, Lev - International Monetary Fund (IMF) - 2013

accumulate a buffer of liquid assets, or strengthen transparency to communicate solvency. While a liquidity buffer provides … bank may choose insufficient liquidity buffers and transparency. The regulatory response is constained: while liquidity … buffers can be imposed, transparency is not verifiable. Moreover, liquidity requirements can compromise banks' transparency …

Persistent link: https://www.econbiz.de/10010790317

The Need for Special Resolution Regimes for Financial Institutions; The Case of theeuropean Union

Cihák, Martin; Nier, Erlend - International Monetary Fund (IMF) - 2009

The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed...

Persistent link: https://www.econbiz.de/10008528635

Externalities and Macroprudential Policy

Nicoló, Gianni De; Favara, Giovanni; Ratnovski, Lev - International Monetary Fund (IMF) - 2012

This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by providing a taxonomy of macroprudential policies in terms of the specific negative externalities in the...

Persistent link: https://www.econbiz.de/10011142226

Shadow Banking; Economics and Policy

Claessens, Stijn; Ratnovski, Lev; Singh, Manmohan - International Monetary Fund (IMF) - 2012

This note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and suggests implications for measurement and regulatory approaches.

Persistent link: https://www.econbiz.de/10011245881

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

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

systems around the world. These failures were most evident in the area of liquidity risk, where now-obvious vulnerabilities … data from a now-defunct bank in Iceland, where liquidity shocks were immense, to demonstrate how a combination of stress … assumptions and shocks, could reveal key areas of risk to inform contingency planning. The liquidity stress test templates used in …

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

Global Liquidity and Drivers of Cross-Border Bank Flows

Cerutti, Eugenio; Claessens, Stijn; Ratnovski, Lev - International Monetary Fund (IMF) - 2014

This paper provides a definition of global liquidity consistent with its meaning as the â€œease of financingâ€ in … also the cyclical impact of global liquidity, with sensitivities of flows to banks decreasing with stronger macroeconomic …

Persistent link: https://www.econbiz.de/10011142075

Estimating Spillover Risk Among Large EU Banks

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

The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally remain more likely, but the number of significant...

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

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...

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

The Case for a European Banking Charter

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

Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented supervisory frameworks and national accountability...

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