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Are More Competitive Banking Systems More Stable?

Cihák, Martin; Wolfe, Simon; Schaeck, Klaus - International Monetary Fund (IMF) - 2006

competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure … for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone …

Persistent link: https://www.econbiz.de/10005825680

The Rise of Foreign Investment in China's Banks; Taking Stock

Leigh, Lamin; Podpiera, Richard - International Monetary Fund (IMF) - 2006

The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under … stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience … China appears to be well positioned to benefit from further opening of the banking sector to foreign investors …

Persistent link: https://www.econbiz.de/10005825702

Depositor Behavior and Market Discipline in Colombia

Steiner, Roberto; Barajas, Adolfo - International Monetary Fund (IMF) - 2000

This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon conventional market discipline tests. Panel data estimations...

Persistent link: https://www.econbiz.de/10005825773

Estimating Markov Transition Matrices Using Proportions Data; An Application to Credit Risk

Jones, Matthew T. - International Monetary Fund (IMF) - 2005

This paper outlines a way to estimate transition matrices for use in credit risk modeling with a decades-old methodology that uses aggregate proportions data. This methodology is ideal for credit-risk applications where there is a paucity of data on changes in credit quality, especially at an...

Persistent link: https://www.econbiz.de/10005825797

The Accountability of Financial Sector Supervisors; Principles and Practice

Taylor, Michael; Quintyn, Marc; Hüpkes, Eva H. G. - International Monetary Fund (IMF) - 2005

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a...

Persistent link: https://www.econbiz.de/10005825809

Quantitative Assessment of a Financial System: Barbados

International Monetary Fund (IMF); International … - 2005

A banking system module is incorporated into the Central Bank of Barbados's multisectoral macroeconomic forecasting …. Stress tests are performed for the first year of the forecast, to test the banking system's resilience to real sector shocks …. The analysis, which would in practice be only part of the vulnerability assessment, indicates that the banking system is …

Persistent link: https://www.econbiz.de/10005825818

Distance-To-Default in Banking; A Bridge too Far?

Sy, Amadou N. R.; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006

In contrast to corporate defaults, regulators typically take a number of statutory actions to avoid the large fiscal costs associated with bank defaults. The distance-to-default, a widely used market-based measure of corporate default risk, ignores such regulatory actions. To overcome this...

Persistent link: https://www.econbiz.de/10005825824

Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis

Das, Udaibir S.; Quintyn, Marc; Chenard, Kina - International Monetary Fund (IMF) - 2004

, along with variables reflecting macroeconomic conditions, the structure of the banking system, and the quality of political …

Persistent link: https://www.econbiz.de/10005825836

Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries

Sole, Juan; Sensenbrenner, Gabriel; Tahari, Amor; … - International Monetary Fund (IMF) - 2007

A healthy and dynamic financial sector is essential to achieving high and sustainable economic growth in the Maghreb region-Algeria, Libya, Mauritania, Morocco, and Tunisia. Financial integration within the Maghreb region will help deepen financial markets, increase their efficiency, and enhance...

Persistent link: https://www.econbiz.de/10005825882

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