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Capital Flows, Financial Intermediation and Macroprudential Policies
Ghilardi, Matteo; Peiris, Shanaka J. - International Monetary Fund (IMF) - 2014
, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures …
Persistent link: https://www.econbiz.de/10010959468
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Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective
Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more … differentials. Asia, therefore, can potentially enhance risk sharing without raising contagion risk. …
Persistent link: https://www.econbiz.de/10009369441
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Securitization: The Road Ahead
Basurto, Miguel A. Segoviano; Jones, Bradley; Lindner, Peter - International Monetary Fund (IMF) - 2015
The discussion in this note seeks to preserve the beneficial features of securitization while mitigating those that may pose risks to financial stability. A comprehensive set of reforms—targeting both supply- and demand-side inefficiencies—will be needed to put securitization back...
Persistent link: https://www.econbiz.de/10011163129
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Why Was Asia Resilient? Lessons from the Past and for the Future
Jeasakul, Phakawa; Lim, Cheng Hoon; Lundbäck, Erik J. - International Monetary Fund (IMF) - 2014
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and …
Persistent link: https://www.econbiz.de/10011142139
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The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions
Claessens, Stijn; Kodres, Laura E. - International Monetary Fund (IMF) - 2014
We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into...
Persistent link: https://www.econbiz.de/10011142013
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Do Brazilian Banks Compete?
Belaisch, Agnes - International Monetary Fund (IMF) - 2003
More developed financial systems are associated with higher investment and better economic performance. This paper discusses possible factors that may inhibit a deepening of bank intermediation and more efficient banking in Brazil, two aspects that are found to be significantly different than in...
Persistent link: https://www.econbiz.de/10005605353
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An Overview of Macroprudential Policy Tools
Claessens, Stijn - International Monetary Fund (IMF) - 2014
Macroprudential policies – caps on loan to value ratios, limits on credit growth and other balance sheets restrictions, (countercyclical) capital and reserve requirements and surcharges, and Pigouvian levies – have become part of the policy paradigm in emerging markets and advanced...
Persistent link: https://www.econbiz.de/10011142120
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Determinants of Credit Growth and Interest Margins in the Philippines and Asia
Tan, Tatum Blaise Pua - International Monetary Fund (IMF) - 2012
Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis suggests that interest margins in the Philippines rise...
Persistent link: https://www.econbiz.de/10010790364
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Developing Asean5 Bond Markets; What Still Needs to Be Done?
Gray, Simon; Jobst, Andreas; Felman, Joshua; Carvajal, Ana - International Monetary Fund (IMF) - 2011
, Singapore and Thailand) - physical infrastructure including trading, clearing and settlement; regulation, supervision and legal …
Persistent link: https://www.econbiz.de/10009151209
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The Development of Local Debt Markets in Asia
Goswami, Mangal; Sharma, Sunil - International Monetary Fund (IMF) - 2011
The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market … scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can …
Persistent link: https://www.econbiz.de/10009151210