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Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms
Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006
use of financial derivatives instruments, and hedging practices by U.S. firms. … passive versus active hedging. In addition, it outlines a set of widely accepted best practices in managing currency risk and … presents some of the main hedging instruments in the OTC and exchange-traded markets. The paper also provides some data on the …
Persistent link: https://www.econbiz.de/10005825991
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The Credit Risk Transfer Market and Stability Implications for U.K. Financial Institutions
Ong, Li L.; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006
derivatives, by applying a vector autoregression (VAR) model to publicly available market prices. Our results indicate that use of … credit derivatives does not pose a substantial threat to financial sector stability in the United Kingdom. Exposures across …
Persistent link: https://www.econbiz.de/10005826449
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Procyclicality and Fair Value Accounting
Scarlata, Jodi G.; Sole, Juan; Novoa, Alicia - International Monetary Fund (IMF) - 2009
In light of the uncertainties about valuation highlighted by the 2007-2008 market turbulence, this paper provides an empirical examination of the potential procyclicality that fair value accounting (FVA) could introduce in bank balance sheets. The paper finds that, while weaknesses in the FVA...
Persistent link: https://www.econbiz.de/10005825915
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Transparency in Central Bank Financial Statement Disclosures
Sullivan, Kenneth - International Monetary Fund (IMF) - 2005
The IMF's development of the Code of Good Practices on Transparency in Monetary and Financial Policies and the introduction of safeguards assessments have increased emphasis on transparency of the disclosures made in central bank financial statements. This paper, which updates WP/00/186, looks...
Persistent link: https://www.econbiz.de/10005599561
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Transparency in Central Bank Financial Statement Disclosures
Sullivan, Kenneth - International Monetary Fund (IMF) - 2000
The IMF’s development of the code of good practices on transparency in monetary and financial policies and introduction of safeguard assessments has increased the importance of the transparency of the disclosures found in central bank financial statements. This study looks at the disclosure...
Persistent link: https://www.econbiz.de/10005599735
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The Curious Case of the Yen as a Safe Haven Currency: A Forensic Analysis
Botman, Dennis P. J.; Filho, Irineu E. Carvalho; Lam, … - International Monetary Fund (IMF) - 2013
participants’ risk perceptions trigger derivatives trading, which in turn lead to changes in the spot exchange rate without capital … flows. Specifically, we find that risk-off episodes coincide with forward hedging and reduced net short positions or a …
Persistent link: https://www.econbiz.de/10010790363
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South Africa; Detailed Assessment of Implementation on IOSCO Principles-Securities Markets
International Monetary Fund (IMF); International … - 2010
South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to...
Persistent link: https://www.econbiz.de/10011245358
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Chile; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Bankin...
International Monetary Fund (IMF); International … - 2004
This paper highlights key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation for Chile. The assessment reveals the Chilean banking system...
Persistent link: https://www.econbiz.de/10005252960
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A Framework for the Surveillance of Derivative Activities
Gutierrez, Eva - International Monetary Fund (IMF) - 2005
This paper proposes a framework for the surveillance of financial institutions' derivatives activities. The designed …) analyzing quantitative information on Derivatives activities, (ii) determining the adequacy of prudential regulations and … of the derivatives activities of financial institutions. …
Persistent link: https://www.econbiz.de/10005263815
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Making Banks Safer; Can Volcker and Vickers Do it?
Chow, Julian T. S.; Surti, Jay - International Monetary Fund (IMF) - 2011
This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to the too-important-to-fail problem. It is argued that while the more radical of...
Persistent link: https://www.econbiz.de/10009369435