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Making OTC Derivatives Safe; A Fresh Look
Singh, Manmohan - International Monetary Fund (IMF) - 2011
Recent regulatory efforts, especially in the U.S. and Europe, are aimed at reducing moral hazard so that the next financial crisis is not bailed out by tax payers. This paper looks at the possibility that central counterparties (CCPs) may be too-big-to-fail entities in the making. The present...
Persistent link: https://www.econbiz.de/10008876583
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United States; 2009 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2009
This 2009 Article IV Consultation highlights that the U.S. economy has experienced the worst financial crisis since the Great Depression. In the second half of 2008, financial pressures intensified and came to a head with the failure of Lehman Brothers in September. Executive Directors have...
Persistent link: https://www.econbiz.de/10011244122
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Indonesia: CPSS-IOSCO Recommendations for Securities Settlement Systems; The Equity and Corporate Bonds Securities Settlement Systems
International Monetary Fund (IMF); International … - 2012
This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10. The assessment was conducted on processes and functions, as opposed to institutions and with the cooperation of the Bapepam-LK, the Bank...
Persistent link: https://www.econbiz.de/10011245525
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A Framework for Financial Market Development
Chami, Ralph; Sharma, Sunil; Fullenkamp, Connel - International Monetary Fund (IMF) - 2009
the two main compromises: the tradeoffs between maturity and collateral, and between seniority and control. The framework …
Persistent link: https://www.econbiz.de/10008528687
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Norway; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Pa...
International Monetary Fund (IMF); International … - 2005
This paper presents key findings of Norway’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway’s financial system appears sound and well managed. Short-term...
Persistent link: https://www.econbiz.de/10005590982
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United States; Staff Report for the 2011 Article IV Consultation
International Monetary Fund (IMF); International … - 2011
The U.S. economy continues to recover at a modest pace, in line with international experience following severe financial crises. The key priority for fiscal policy is to stabilize the debt ratio and gradually reduce it. The fiscal framework should include an endorsement of the main medium-term...
Persistent link: https://www.econbiz.de/10011242773
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Denmark; Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems
International Monetary Fund (IMF); International … - 2007
This paper discusses key findings of the Detailed Assessment of the Securities Clearance and Settlement Systems for Denmark. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdiction. Confirmation of...
Persistent link: https://www.econbiz.de/10011243215
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Macroprudential Policies for a Resource Rich Economy The Case of Mongolia
Maino, Rodolfo; Imam, Patrick A.; Ojima, Yasuhisa - International Monetary Fund (IMF) - 2013
credit activity, and heightened risk appetite—attributable to the commodity boom—are fuelling price volatility in asset …
Persistent link: https://www.econbiz.de/10011123884
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Did the Basel Accord Cause a Credit Slowdown in Latin America?
Cosimano, Thomas F.; Chami, Ralph; Barajas, Adolfo - International Monetary Fund (IMF) - 2005
credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …
Persistent link: https://www.econbiz.de/10005248279
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Using Credit Ratings for Capital Requirementson Lending to Emerging Market Economies; Possible Impact of a New Basel Accord
Mulder, Christian B.; Monfort, Brieuc - International Monetary Fund (IMF) - 2000
commercial credit rating agencies. Estimates for 20 emerging market economies show that sovereign ratings react procyclically to … run up to the crises. Simulations suggest modest efficiency gains of using sovereign credit ratings for capital …
Persistent link: https://www.econbiz.de/10005264127