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Is there a Role for Funding in Explaining Recent U.S. Banks' Failures?
Bologna, Pierluigi - International Monetary Fund (IMF) - 2011
This paper tests the role of different banks' liquidity funding structures in explaining the banks' failures, which … explaining banks' probability of default. By confirming the role of funding as the driver of banking crisis, the paper also … to strenghten banks' liquidity conditions and improve financial stability. Its correct implementation together with …
Persistent link: https://www.econbiz.de/10009203531
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Interconnectedness, Systemic Crises and Recessions
Espinosa-Vega, Marco A; Russell, Steven - International Monetary Fund (IMF) - 2015
] Interconnectedness among financial institutions (banks) can play a major role in precipitating systemic financial crises. [2] Lack of … partly responsible for the length and severity of these recessions. In the model, banks make decisions about initiating and …
Persistent link: https://www.econbiz.de/10011242384
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Systemic Contingent Claims Analysis; Estimating Market-Implied Systemic Risk
Jobst, Andreas A.; Gray, Dale F. - International Monetary Fund (IMF) - 2013
The recent global financial crisis has forced a re-examination of risk transmission in the financial sector and how it affects financial stability. Current macroprudential policy and surveillance (MPS) efforts are aimed establishing a regulatory framework that helps mitigate the risk from...
Persistent link: https://www.econbiz.de/10011242440
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Belgium; 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2010
The 2009 Article IV Consultation highlights that the near-term outlook for Belgium is challenging, with real GDP expected to drop by about 3 percent in 2009 and a gradual recovery projected for 2010. The unemployment rate will continue to rise in 2010, and inflation pressures are expected to...
Persistent link: https://www.econbiz.de/10011242736
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Macroprudential and Microprudential Policies; Toward Cohabitation
Osinski, Jacek; Seal, Katharine; Hoogduin, Lex - International Monetary Fund (IMF) - 2013
Effective arrangements for micro and macroprudential policies to further overall financial stability are strongly desirable for all countries, emerging or advanced. Both policies complement each other, but there can also be potential areas of overlap and conflict, which can complicate this...
Persistent link: https://www.econbiz.de/10011245895
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Crisis Management and Resolution; Early Lessons from the Financial Crisis
Pazarbasioglu, Ceyla; Laeven, Luc; Nedelescu, Oana M.; … - International Monetary Fund (IMF) - 2011
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245897
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Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences
International Monetary Fund (IMF); International … - 2011
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
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Taxation, Bank Leverage, and Financial Crises
Mooij, Ruud A. de; Keen, Michael; Orihara, Masanori - International Monetary Fund (IMF) - 2013
That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that...
Persistent link: https://www.econbiz.de/10011123854
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Bank Funding Structures and Risk; Evidence From the Global Financial Crisis
Federico, Pablo; Vázquez, Francisco F. - International Monetary Fund (IMF) - 2012
the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and … Europe during 2001?09. The results show that banks with weaker structural liquidity and higher leverage in the pre …-section, the smaller domestically-oriented banks were relatively more vulnerable to liquidity risk, while the large cross …
Persistent link: https://www.econbiz.de/10009650626
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Trade and Trade Finance in the 2008-20+L460609 Financial Crisis
Dorsey, Thomas William; Saito, Mika; Khachatryan, Armine; … - International Monetary Fund (IMF) - 2011
were not the major factor in the decline in trade. Surveys of commercial banks by the IMF and others found that while bank …
Persistent link: https://www.econbiz.de/10008839362