Showing 1 - 10 of 13
After analyzing the different reasons why the financial system and also the regulatory framework induced procyclicality, this paper reviews the experiences of three countries which have introduced dynamic provisioning as a regulatory tool to limit procyclicality. The case of Spain - the country...
Persistent link: https://www.econbiz.de/10010286077
, and a balanced approach to restructuring and regulation among different types of financial institutions. The paper also …
Persistent link: https://www.econbiz.de/10010286125
The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of …
Persistent link: https://www.econbiz.de/10010286137
financial crises, keeping deposits in a safe place and paying back their loans. Institutional risk profiles at the bottom end of … volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and consumer … protection, in terms of financial instability, the risk posed by inclusive policies is negligible. In addition, risks prevalent …
Persistent link: https://www.econbiz.de/10010286171
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the current global financial crisis. However, we argue that...
Persistent link: https://www.econbiz.de/10010279833
Financial markets that function well are crucial for the long-run economic growth of a country. This paper, in the first instance, looks at how the financial development of an economy can be measured. It then traces the financial development of India through the 1990s to the present, assessing...
Persistent link: https://www.econbiz.de/10010286076
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance … Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III … the PRC find it quite easy to meet the new Basel III capital and liquidity standards. Basel III is only part of an …
Persistent link: https://www.econbiz.de/10010286081
to systematic risk and tend to show higher tail risk. These characteristics, in turn, are closely associated with joint … failures and systemic risk. In order to achieve greater stability of the financial system, it is important to prevent the …
Persistent link: https://www.econbiz.de/10010286086
This paper provides an overview of the Reserve Bank of India's approach to macroprudential regulation and systemic risk … information. Macroprudential regulation is an inexact science with limitations and needs to be used in conjunction with other …
Persistent link: https://www.econbiz.de/10010286135
and the roles and complementary nature of macroprudential and monetary policies in addressing aggregate risk in the …
Persistent link: https://www.econbiz.de/10010286174