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Bank funding structures and risk : evidence from the global financial crisis
Vázquez, Francisco; Federico, Pablo - 2012
This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies … the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and …-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross …
Persistent link: https://www.econbiz.de/10009423928
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How much should I hold? : reserve adequacy in emerging markets and small islands
Mwase, Nkunde - 2012
This paper investigates the drivers of reserves in emerging markets (EMs) and small island (SIs) and develops an operational metric for estimating reserves in SIs taking into account their unique characteristics. It uses quantile regression techniques to allow the estimated factors driving...
Persistent link: https://www.econbiz.de/10009621657
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FX funding risks and exchange rate volatility : Korea’s case
Ree, Jack Joo K.; Yoon, Kyoungsoo; Park, Hail - 2012
This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after...
Persistent link: https://www.econbiz.de/10009679020
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Euro's Challenge to the Dollar : Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data
Lim, Ewe-Ghee - 2006
Intro -- Contents -- I. INTRODUCTION -- II. WHY IS THERE A NEED FOR INTERNATIONAL MONEY? -- III. CONCEPTUAL FRAMEWORK-FACTORS THAT FACILITATE INTERNATIONAL CURRENCY STATUS -- IV. REASONS FOR THE DIFFERENT VIEWS -- V. EMPIRICAL EVIDENCE TO DATE -- VI. MEDIUM-TERM PROSPECTS FOR THE EURO -- VII....
Persistent link: https://www.econbiz.de/10012691027
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Optimal Level of International Reserves for Emerging Market Countries : Formulas and Applications
Ranciere, Romain - 2006
Intro -- Contents -- I. INTRODUCTION -- II. SUDDEN STOPS AND RESERVES: SOME FACTS -- III. THE MODEL -- IV. APPLICATIONS -- V. EXTENSIONS -- VI. CONCLUDING COMMENTS -- APPENDIX: COMPUTATIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691112
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Optimal Reserves in the Eastern Caribbean Currency Union
Samuel, Wendell A. - 2009
adequacy of international reserves held by the Eastern Caribbean Central Bank (ECCB). Using the Jeanne (2007) optimization …
Persistent link: https://www.econbiz.de/10012677763
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Balance of Payments Anti-Crises
Yan, Isabel K. - 2009
Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to...
Persistent link: https://www.econbiz.de/10012677804
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Accumulating Foreign Reserves Under Floating Exchange Rates
Gonçalves, Fernando M. - 2008
Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary...
Persistent link: https://www.econbiz.de/10012677568
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Foreign Reserve Adequacy in sub-Saharan Africa
Fund, International Monetary - 2008
This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model...
Persistent link: https://www.econbiz.de/10012677596
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International Reserves and Self-Insurance against External Shocks
Barnichon, Régis - 2008
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper develops an analytical...
Persistent link: https://www.econbiz.de/10012677607