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Quality of Financial Sector Regulation and Supervision Around the World
Cihák, Martin - 2008
The paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that … collect and analyze data on regulation and supervision ""on the books,"" this study also analyzes available information on … supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and …
Persistent link: https://www.econbiz.de/10012677629
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Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks.
Kim, Yoon Sook - 2006
Intro -- Contents -- Executive Summary -- I. INTRODUCTION -- II. LONG- TERM SYSTEMIC RISKS -- III. INNOVATIONS IN RISK TRANSFER MARKETS -- IV. INCOMPLETE MARKETS -- V. POLICY CONSIDERATIONS -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691045
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Risk Exposures and Financial Spillovers in Tranquil and Crisis Times : Bank-Level Evidence
Poirson, Hélène - 2013
For a sample of 83 financial institutions during 2003-2011, this paper attempts to answer three questions: first, what is the evolution of banks' stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics explain...
Persistent link: https://www.econbiz.de/10014409425
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Stress Testing at the IMF
Swinburne, Mark - 2008
For almost a decade, the IMF has been using stress tests to identify vulnerabilities across institutions that could undermine the stability of a country's financial system. This working paper focuses on the IMF's experience with stress testing in the Financial Sector Assessment Program (FSAP)....
Persistent link: https://www.econbiz.de/10012677464
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Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset
Tressel, Thierry - 2008
This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have …
Persistent link: https://www.econbiz.de/10012677692
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Review and Implementation of Credit Risk Models of the Financial Sector Assessment Program (FSAP).
Avesani, Renzo G - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE BASIC MODEL SETTING -- III. MODEL 1: A SIMPLE MODEL WITH NON-RANDOM DEFAULT PROBABILITIES -- IV. INTRODUCING THE POISSON APPROXIMATION -- V. MODEL 2: THE MODEL WITH KNOWN PROBABILITIES REVISITED -- VI. MODEL 3: THE MODEL WITH RANDOM DEFAULT...
Persistent link: https://www.econbiz.de/10012690978
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The Systemic Regulation of Credit Rating Agencies and Rated Markets
Sy, Amadou N. R. - 2009
, this paper argues that macro-prudential regulation is necessary to address the systemic risk inherent to ratings. The paper …
Persistent link: https://www.econbiz.de/10012677795
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Financial Sector Debt Bias
Luca, Oana - 2016
Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect financial stability. This paper models and estimates debt bias in the financial sector, and present novel estimates for investment banks and non-bank financial intermediaries such...
Persistent link: https://www.econbiz.de/10014408098
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Financial Sector Surveillance and the IMF
Gola, Carlo - 2009
The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a...
Persistent link: https://www.econbiz.de/10012677502
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Institutional Factors and Financial Sector Development
Toroyan, Hovhannes - 2009
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more...
Persistent link: https://www.econbiz.de/10012677506