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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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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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Quality of Financial Sector Regulation and Supervision Around the World
Cihák, Martin - 2008
collect and analyze data on regulation and supervision ""on the books,"" this study also analyzes available information on …The paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that … 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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The Anatomy of Banking Crises
Duttagupta, Rupa - 2008
This paper uses a Binary Classification Tree (BCT) model to analyze banking crises in 50 emerging market and developing countries during 1990-2005. The BCT identifies key indicators and their threshold values at which vulnerability to banking crisis increases. The three conditions identified as...
Persistent link: https://www.econbiz.de/10012677582
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Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market
Dell'Ariccia, Giovanni - 2008
asymmetric information, and shed light on the relationship between credit booms and financial instability …
Persistent link: https://www.econbiz.de/10014409025
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Central Bank Response to the 2007-08 Financial Market Turbulence : Experiences and Lessons Drawn
Stella, Peter - 2008
The paper reviews the policy response of major central banks during the 2007-08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These...
Persistent link: https://www.econbiz.de/10014409061
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Predicting Financial Crises: The Role of Asset Prices
Hennig, Tristan - 2023
income groups. Our results are consistent with the idea that measures based on asset prices can offer critical information …
Persistent link: https://www.econbiz.de/10015059236
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A U.S. Financial Conditions Index : Putting Credit Where Credit is Due
Swiston, Andrew - 2008
This paper uses vector autoregressions and impulse-response functions to construct a U.S. financial conditions index (FCI). Credit availability-proxied by survey results on lending standards-is an important driver of the business cycle, accounting for over 20 percent of the typical contribution...
Persistent link: https://www.econbiz.de/10014409040
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A Theory of International Crisis Lending and IMF Conditionality
Zettelmeyer, Jeromin - 2008
We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional conditionality commits country authorities to undertake crisis resolution efforts, facilitating the...
Persistent link: https://www.econbiz.de/10012677672
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Regulatory Capture in Banking.
Hardy, Daniel C. L - 2006
Intro -- Contents -- I. INTRODUCTION -- II. SUSCEPTIBILITY OF BANKING REGULATION TO CAPTURE -- III. A MODEL OF BANK … REGULATION WITH MORAL HAZARD -- IV. COMPETITION BETWEEN JURISDICTIONS -- V. CONCLUSIONS -- REFERENCES. …
Persistent link: https://www.econbiz.de/10012691134