presents a market-based structural top-down stress testing methodology that relies in market-based measures of a bank …

presents a market-based structural top-down stress testing methodology that relies in market-based measures of a bank …

better capturing creditor banking systems' foreign credit exposures and borrower countries' reliance on foreign bank credit …, by combining BIS data with bank-level data. The results indicate that the proposed refinements matter, especially when … foreign bank affiliates' funding relies heavily on local deposits. In addition, after developing novel and necessary break …

millions of small firms. By analyzing 1.8 million loan transactions of a leading Chinese online bank, this paper compares the … fintech approach to assessing credit risk using big data and machine learning models with the bank approach using traditional …

This paper argues that central bank legal protection contributes to safeguarding a central bank and its financial … financial supervisors (if the supervisor is part of the central bank), focusing on liability, immunity, and indemnification … arrangements, and based on the IMF's Central Bank Legislation Database. The paper also uses data from the IMF's Article IV and FSAP …

risk from the latter to the former — on the day a sovereign bailout is announced. Using daily financial market data for …

Motivated by the recent European debt crisis, this paper investigates the scope for a bailout guarantee in a sovereign …. We introduce a bailout agency, and characterize the minimal actuarially fair intervention that guarantees the no …