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some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that …. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks … still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance …
Persistent link: https://www.econbiz.de/10012962090
Interconnectedness among global systemically important banks (GSIBs) and global systemically important insurers (GSIIs) has important financial stability implications. This paper examines connectedness among United States, European and Asian GSIBs and GSIIs, using publicly-available daily equity...
Persistent link: https://www.econbiz.de/10012944965
exports of all five broad categories of the U.K.’s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.’s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10013306730
The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in Europe. We argue that cyclical and structural factors have...
Persistent link: https://www.econbiz.de/10013085997
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets …) strengthening further the existing banking regulations through stricter fit-and-proper rules for directors and controlling …
Persistent link: https://www.econbiz.de/10013045259
Capital misallocation is widely thought to be an important factor underpinning productivity and income gaps between advanced and emerging economies. This paper studies how well Indian banks allocate capital across firms with varying levels of productivity. The analysis reveals that the link...
Persistent link: https://www.econbiz.de/10013289450
work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper … reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national … consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress …
Persistent link: https://www.econbiz.de/10013048369
This paper estimates insurance requirements against natural disasters (NDs) in the Eastern Caribbean Currency Union … (ECCU) using an insurance layering framework. The layers include a government saving fund, as well as market instruments …
Persistent link: https://www.econbiz.de/10013250095
Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This paper offers a range of analytical approaches to assess and monitor cyber risk to the financial...
Persistent link: https://www.econbiz.de/10012840603
converged. At the same time, the sensitivity of bank and insurance systemic risk measures to common real and financial shocks …
Persistent link: https://www.econbiz.de/10012777939