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Bank Ownership, Market Structure and Risk
Nicoló, Gianni De; Loukoianova, Elena - International Monetary Fund (IMF) - 2007
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the …
Persistent link: https://www.econbiz.de/10005826093
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Crisis in Competitive Versus Monopolistic Banking Systems
Smith, Bruce D.; Nicoló, Gianni De; Boyd, John H. - International Monetary Fund (IMF) - 2003
risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under … different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal … rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a …
Persistent link: https://www.econbiz.de/10005826156
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Banking Crises and Crisis Dating; Theory and Evidence
Loukoianova, Elena; Nicoló, Gianni De; Boyd, John H. - International Monetary Fund (IMF) - 2009
Many empirical studies of banking crises have employed "banking crisis" (BC) indicators constructedusing primarily … information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking …
Persistent link: https://www.econbiz.de/10008528706
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Bank Risk-Taking and Competition Revisited; New Theory and New Evidence
Nicoló, Gianni De; Jalal, Abu M.; Boyd, John H. - International Monetary Fund (IMF) - 2006
This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a...
Persistent link: https://www.econbiz.de/10005605287
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Foreign Banks and the Vienna Initiative; Turning Sinners Into Saints?
Haas, Ralph De; Korniyenko, Yevgeniya; Pivovarsky, Alexander - International Monetary Fund (IMF) - 2012
We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008–09 crisis. As part of the Vienna Initiative western European banks signed country-specific...
Persistent link: https://www.econbiz.de/10011242213
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A New Heuristic Measure of Fragility and Tail Risks; Application to Stress Testing
Schmieder, Christian; Kinda, Tidiane; Taleb, Nassim N.; … - International Monetary Fund (IMF) - 2012
This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to public debt. Stress testing can be seen as a first order test of the level of potential negative outcomes in response to tail shocks. However, the results of stress testing can be...
Persistent link: https://www.econbiz.de/10011242421