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Stressing to Breaking Point : Interpreting Stress Test Results

Worrell, Rupert - 2008

This paper illustrates how stress tests of banking systems may be designed to evaluate banks' reaction to shocks of increasing intensity, up to the point where regulatory norms are breached, or banks become insolvent. This approach offers useful insight and guidance for regulatory policy and...

Persistent link: https://www.econbiz.de/10014409038

Interest Rate Elasticity of Residential Housing Prices

Iossifov, Plamen - 2008

We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and...

Persistent link: https://www.econbiz.de/10012677673

Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms

Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006

Measuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely...

Persistent link: https://www.econbiz.de/10005825991

Credit Risk Spreads in Local and Foreign Currencies

Wiener, Zvi - 2009

The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper when the exchange rate is positively correlated with the...

Persistent link: https://www.econbiz.de/10012677782

U.S. Dollar Risk Premiums and Capital Flows.

Balakrishnan, Ravi - 2006

Intro -- Contents -- I. INTRODUCTION AND SUMMARY -- II. WHAT ARE RISK PREMIUMS ON THE DOLLAR AND HOW CAN WE MEASURE THEM? -- III. CAPITAL FLOWS AND RISK PREMIUMS -- IV. EXPLAINING RISK PREMIUM MOVEMENTS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- DATA AND REGRESSION METHODOLOGY -- References.

Persistent link: https://www.econbiz.de/10012691012

Exchange Rate Risk Measurement and Management : Issues and Approaches for Firms

Papaioannou, Michael G - 2006

Intro -- Contents -- I. INTRODUCTION -- II. DEFINITION AND TYPES OF EXCHANGE RATE RISK -- III. MEASUREMENT OF EXCHANGE RATE RISK -- IV. MANAGEMENT OF EXCHANGE RATE RISK -- V. HEDGING INSTRUMENTS FOR MANAGING EXCHANGE RATE RISK -- VI. HEDGING PRACTICES BY U.S. FIRMS -- VII. CONCLUDING REMARKS --...

Persistent link: https://www.econbiz.de/10012691150

Currency Risk Premia in Global Stock Markets.

Roache, Shaun K - 2006

Intro -- Contents -- I. INTRODUCTION -- II. PREVIOUS LITERATURE -- III. MODEL SPECIFICATION -- IV. ESTIMATION -- V. DATA AND PRELIMINARY STATISTICS -- VI. MAIN RESULTS -- VII. CONCLUSIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691179

Central Bank Balance Sheet Expansion in a Dollarized Economy: The Case of Ecuador

Erraez, Juan-Pablo - 2022

A textbook argument in favor of adopting another country's legal tender is that it imposes strong constraints on money creation and therefore fiscal dominance. In Ecuador, an officially dollarized economy since January 2000, a series of accounting practices and subsequent changes in legislations...

Persistent link: https://www.econbiz.de/10015059941

Stress Testing of Financial Systems; An Overview of Issues, Methodologies, and FSAP Experiences

Peria, Maria Soledad Martinez; Majnoni, Giovanni; … - International Monetary Fund (IMF) - 2001

The paper has three objectives. After a general introduction to some of the concepts and basic techniques of stress testing, the paper gives an overview of some of the conceptual issues involved in evaluating risks at the aggregated level of financial systems. Second, this study provides a basic...

Persistent link: https://www.econbiz.de/10005248173

The Use of Mortgage Covered Bonds

Avesani, Renzo G.; Ribakova, Elina; Pascual, Antonio Garcia - International Monetary Fund (IMF) - 2007

The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability … concerns. Many European credit institutions in mature markets have reacted by increasing securitization, particularly via … movements in covered bond prices can be used to analyze the credit developments of the underlying issuer and the quality of its …

Persistent link: https://www.econbiz.de/10005826294

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