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The threat of systemic risk in banking: evidence for Europe
Schüler, Martin - 2002
This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or …
Persistent link: https://www.econbiz.de/10010298100
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Systemic Risk in European Banking: Evidence from Bivariate GARCH Models
Schüler, Martin; Schröder, Michael - 2003
This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate … interdependencies amongst the banking business in Europe and hence for the systemic risk potential. We employ several tests to assess … European banking business have become more similar and that the systemic risk potential has increased. …
Persistent link: https://www.econbiz.de/10010298129
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An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10010306611
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The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation
Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - 2014
We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different countries across the world and operating in all major industries. Our principal findings...
Persistent link: https://www.econbiz.de/10010435307
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Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America
International Monetary Fund (IMF); International … - 2012
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...
Persistent link: https://www.econbiz.de/10010878415
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Real Estate Market Developments and Financal Sector Soundness
Hilbers, Paul Louis Ceriel; Zacho, Lisbeth; Lei, Qin - International Monetary Fund (IMF) - 2001
This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and...
Persistent link: https://www.econbiz.de/10005248144
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Introduction to Applied Stress Testing
Cihák, Martin - International Monetary Fund (IMF) - 2007
Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests, and illustrate their strengths and weaknesses. Using an Excel-based exercise with...
Persistent link: https://www.econbiz.de/10005248151
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Cost and Effectiveness of Banking Sector Restructuring in Transition Economies
Zoli, Edda - International Monetary Fund (IMF) - 2001
-98. It argues that country-specific banking sector features, the size of bad loans inherited from the centrally planned … costs and overall improvement in banking sector performance for the sample countries as a whole. …
Persistent link: https://www.econbiz.de/10005248153
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A Simple Model of An International Lender of Last Resort
Huang, Haizhou; Goodhart, C. A. E. - International Monetary Fund (IMF) - 2000
many open economies, each with a banking system and a central bank operating under a pegged exchange rate regime. The … fragility of the banking system and the limited ability of a domestic central bank to provide international liquidity together … can cause currency and banking crises. An international interbank market can help an economy with the needed international …
Persistent link: https://www.econbiz.de/10005248186
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Loan Review, Provisioning, and Macroeconomic Linkages
International Monetary Fund (IMF); International … - 2000
Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet. It allows for ongoing valuation of loans. Both are core elements of credit risk management and important to...
Persistent link: https://www.econbiz.de/10005248195