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First; A Market-Based Approach to Evaluate Financial System Risk and Stability
Avesani, Renzo G. - International Monetary Fund (IMF) - 2005
This paper presents background work that has been the basis for the development of the market and credit risk …. The fundamental idea was to build a set of Financial Indicators on Risk and Stability (FIRST) that could reflect the …
Persistent link: https://www.econbiz.de/10005264101
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An Empirical Reassessment of the Relationship Between Finance and Growth
Favarra, Giovanni - International Monetary Fund (IMF) - 2003
This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...
Persistent link: https://www.econbiz.de/10005826253
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A New Risk Indicator and Stress Testing tool; A Multifactor Nth-to-Default CDS Basket
Avesani, Renzo G.; Li, Jing; Pascual, Antonio Garcia - International Monetary Fund (IMF) - 2006
financial institutions (LCFIs). To estimate the multifactor latent structure, we link the market risk (the covariance of the … LCFIs' equity) to credit risk (the default probability of the CDS basket) in a coherent manner. In addition, to analyze the … relevant sources of risk. We anticipate that this approach could be of value to financial supervisors and risk managers alike. …
Persistent link: https://www.econbiz.de/10005826610
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Operational Risk; The Sting is Still in the Tail But the Poison Dependson the Dose
Jobst, Andreas - International Monetary Fund (IMF) - 2007
This paper investigates the generalized parametric measurement methods of aggregate operational risk in compliance with … the regulatory capital standards for operational risk in the New Basel Capital Accord ("Basel II"). Operational risk is … commonly defined as the risk of loss resulting from inadequate or failed internal processes and information systems, from …
Persistent link: https://www.econbiz.de/10005768778
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Israel; Technical Note on Stress Test of the Banking, Insurance and Pension Sectors
International Monetary Fund (IMF); International … - 2012
. Single-factor tests have been conducted to estimate vulnerabilities to market risk and an idiosyncratic credit shock from …
Persistent link: https://www.econbiz.de/10011244431
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South Africa; Detailed Assessment of Observance on the International Association of Insurance Supervisors' Insurance Core Principles
International Monetary Fund (IMF); International … - 2010
Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and development of the market, and the need for effective market conduct as prudential regulation. There are particular challenges in improving standards of market conduct, in both...
Persistent link: https://www.econbiz.de/10011245840
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Liechtenstein; Assessment of the Supervision and Regulation of the Financial Sector Technical Note on the Basel Core Principles and IOSCO Securities
International Monetary Fund (IMF); International … - 2008
Liechtenstein has a GDP of US$5.2 billion, of which 40 percent comes from industry and 30 percent from financial services. Currently, 15 banks operate in Liechtenstein (one additional bank is in the process of being wound down without loss to the depositors). The market is highly concentrated...
Persistent link: https://www.econbiz.de/10011245856
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Foreign Direct Investment in Africa; Some Case Studies
Basu, Anupam; Srinivasan, Krishna - International Monetary Fund (IMF) - 2002
This paper reviews the experiences of a few countries in Sub-Saharan Africa that have succeeded in attracting fairly large amounts of foreign investment. The review indicates that sustained efforts to promote political and macroeconomic stability and implement essential structural reforms have...
Persistent link: https://www.econbiz.de/10005248318
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Kingdom of the Netherlands—Netherlands Antilles; Assessment of the Supervision and Regulation of the Financial Sector Volume I—Review of Financial Sector Regulation and Supervi...
International Monetary Fund (IMF); International … - 2004
This review of financial sector regulation and supervision in the Kingdom of the Netherlands—Netherlands Antilles explains banking, insurance, and pension fund supervision. The Netherlands Antilles is resolved to remove the perception created by placement of the jurisdiction in the...
Persistent link: https://www.econbiz.de/10005252612
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U.S. Mutual Fund Retail Investors in International Equity Markets; Is the Tail Wagging the Dog?
Chan-Lau, Jorge A.; Ong, Li L. - International Monetary Fund (IMF) - 2005
Do the dynamics of net flows to U.S. retail mutual funds affect equity returns in emerging markets? The question merits further examination since retail investors in mutual funds can exert a much greater degree of "control" over these funds via cash injections or redemptions at any time. A VAR...
Persistent link: https://www.econbiz.de/10005263718