Narrow search
Showing 1 - 10 of 893
Cover Image
Can Covered Bonds Resuscitate Residential Mortgage Finance in the United States?
Surti, Jay - International Monetary Fund (IMF) - 2010
This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage … mortgage loan quality in the United States - potentially reflecting borrower incentives under the personal bankruptcy framework …
Persistent link: https://www.econbiz.de/10008777017
Cover Image
Competition in the Financial Sector; Overview of Competition Policies
Claessens, Stijn - International Monetary Fund (IMF) - 2009
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in...
Persistent link: https://www.econbiz.de/10005826668
Cover Image
Banking Efficiency and Financial Development in Sub-Saharan Africa
Kablan, Sandrine - International Monetary Fund (IMF) - 2010
This study assesses the determinants of banking system efficiency in sub-Saharan Africa (SSA) and asks what, besides the degree of efficiency, explains the low level of financial development in the region. It uses stochastic frontier analysis to measure efficiency and a generalized method of...
Persistent link: https://www.econbiz.de/10008542987
Cover Image
Being a Foreigner Among Domestic Banks; Asset or Liability?
Horen, Neeltje van; Claessens, Stijn - International Monetary Fund (IMF) - 2009
Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks' performance improves...
Persistent link: https://www.econbiz.de/10008497616
Cover Image
Foreign Bank Entry and Credit Allocation in Emerging Markets
Kozak, Sylwester; Jurzyk, Emilia Magdalena; Degryse, Hans; … - International Monetary Fund (IMF) - 2009
We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks' portfolio allocation to borrowers with different degrees...
Persistent link: https://www.econbiz.de/10008497620
Cover Image
Bank Efficiency Amid Foreign Entry; Evidence From the Central American Region
Wezel, Torsten - International Monetary Fund (IMF) - 2010
This paper investigates the efficiency of domestic and foreign banks in the Central American region during 2002-07. Using two main empirical approaches, Data Envelopment Analysis and Stochastic Frontier Analysis, the paper finds that foreign banks are not necessarily more efficient than their...
Persistent link: https://www.econbiz.de/10008470391
Cover Image
Foreign Banks in Poor Countries; Theory and Evidence
Detragiache, Enrica; Gupta, Poonam; Tressel, Thierry - International Monetary Fund (IMF) - 2006
We study how foreign bank penetration affects financial sector development in poor countries. A theoretical model shows that when foreign banks are better at monitoring highend customers than domestic banks, their entry benefits those customers but may hurt other customers and worsen welfare....
Persistent link: https://www.econbiz.de/10005605227
Cover Image
The Use of Mortgage Covered Bonds
Avesani, Renzo G.; Ribakova, Elina; Pascual, Antonio Garcia - International Monetary Fund (IMF) - 2007
The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability … mortgage covered bonds. From the issuer's perspective, these instruments have become an attractive funding source and a tool … mortgage portfolio. Our analysis also suggests that mortgage covered bonds could be of interest to other mature and emerging …
Persistent link: https://www.econbiz.de/10005826294
Cover Image
United States; Selected Issues
International Monetary Fund (IMF); International … - 2006
This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership...
Persistent link: https://www.econbiz.de/10011242944
Cover Image
Spain; Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability
International Monetary Fund (IMF); International … - 2006
and mortgage debt. It also describes the Spanish mortgage market and assesses the resilience of the financial sector to a … possible adjustment in the housing and mortgage markets. It presents a market-based indicator to show the market views on the … quality of the mortgage portfolio and also provides recommendations. …
Persistent link: https://www.econbiz.de/10011244584