Narrow search
Showing 1 - 10 of 11
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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 “ease of financing†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
Cover Image
Global Liquidity through the Lens of Monetary Aggregates
Chung, Kyuil; Lee, Jong-Eun; Loukoianova, Elena; Park, Hail - International Monetary Fund (IMF) - 2014
This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the...
Persistent link: https://www.econbiz.de/10011142187
Cover Image
Analysis of the Efficiency and Profitability of the Japanese Banking System
Loukoianova, Elena - International Monetary Fund (IMF) - 2008
The paper analyzes the efficiency and profitability of Japanese banks from 2000-06. It uses a non-parametric approach, the data envelopment analysis (DEA) to analyze banks' cost and revenue efficiency. The results show that the performance of Japanese banks has steadily improved since 2001, but...
Persistent link: https://www.econbiz.de/10005826428
Cover Image
Bailouts and Systemic Insurance
Dell'Ariccia, Giovanni; Ratnovski, Lev - International Monetary Fund (IMF) - 2013
We revisit the link between bailouts and bank risk taking. The expectation of government support to failing banks creates moral hazard—increases bank risk taking. However, when a bank’s success depends on both its effort and the overall stability of the banking system, a government’s...
Persistent link: https://www.econbiz.de/10010790390
Cover Image
A New Heuristic Measure of Fragility and Tail Risks; Application to Stress Testing
Schmieder, Christian; Kinda, Tidiane; Taleb, Nassim N.; … - International Monetary Fund (IMF) - 2012
This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to public debt. Stress testing can be seen as a first order test of the level of potential negative outcomes in response to tail shocks. However, the results of stress testing can be...
Persistent link: https://www.econbiz.de/10011242421
Cover Image
Pricing and Hedging of Contingent Credit Lines
Loukoianova, Elena; Neftci, Salih N.; Sharma, Sunil - International Monetary Fund (IMF) - 2006
Contingent credit lines (CCLs) are widely used in bank lending and also play an important role in the functioning of short-term capital markets. Yet, their pricing and hedging has not received much attention in the finance literature. Using a financial engineering approach, the paper analyzes...
Persistent link: https://www.econbiz.de/10005263798
Cover Image
Why Are Canadian Banks More Resilient?
Huang, Rocco; Ratnovski, Lev - International Monetary Fund (IMF) - 2009
This paper explores factors behind Canadian banks' relative resilience in the ongoing credit turmoil. We identify two main causes: a higher share of depository funding (vs. wholesale funding) in liabilities, and a number of regulatory and structural factors in the Canadian market that reduced...
Persistent link: https://www.econbiz.de/10008528633