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United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction … to reduce interest rates and bail out individual banks in an ad hoc manner had adverse repercussions, both domestically …
Persistent link: https://www.econbiz.de/10008559268
risks posed by individual banks but also, importantly, those posed by nonbanks and the system as a whole. The recent …
Persistent link: https://www.econbiz.de/10011123891
The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and policies. It combines...
Persistent link: https://www.econbiz.de/10011244188
This Selected Issues paper discusses the effectiveness of monetary policy in the euro area in the context of the financial crisis, the need for special resolution regimes for financial institutions in the European Union (EU), and the proposed new EU financial stability arrangements. The paper...
Persistent link: https://www.econbiz.de/10011244389
This paper presents a technical note on Crisis Management Arrangements for the United States. The crisis has seen widespread systemic instability, large-scale fiscal support, and an increase in moral hazard. The lack of a formal systematic process for the assessment of risks may have contributed...
Persistent link: https://www.econbiz.de/10011245009
-based indicators, and stress tests. Cypriot commercial banks are weaker than their counterparts in Greece and also less stable than … cooperative banks in Cyprus. Credit risk appears as the main source of risk in the banking sector, with demand for real estate …
Persistent link: https://www.econbiz.de/10011245527
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011245540
supply-side angle that views it as a story of banks' funding preferences and arbitrage. Institutional cash pools prefer to … avoid too much unsecured exposure to banks even through insured deposits. Short-term government guaranteed securities are …
Persistent link: https://www.econbiz.de/10009293767
We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency … order to test for the transmission of liquidity shocks across U.S. financial markets. It is found that the interaction …
Persistent link: https://www.econbiz.de/10005769187
different types of banks, we find no support for the argument that the presence of large international banks would have an … adverse effect on the effectiveness and efficiency of banking sectors in developing countries. International banks are … generally more efficient and more active in lending than domestic banks. However, as suggested by the Kenyan experience, the …
Persistent link: https://www.econbiz.de/10005769226