Showing 1 - 10 of 129
€˜buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model … is affected by the gap between ‘target’ and actual wealth, with the target wealth determined by credit conditions and … uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for most of the …
Persistent link: https://www.econbiz.de/10011242291
procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …
Persistent link: https://www.econbiz.de/10010878415
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
significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines …
Persistent link: https://www.econbiz.de/10005248175
elements of credit risk management and important to prudential oversight. As illustrated in this paper, valuation feeds into …
Persistent link: https://www.econbiz.de/10005248195
credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …
Persistent link: https://www.econbiz.de/10005248279
We study how credit market deregulation and increased international financial openness have changed corporate borrowing … leverage and lengthened debt maturity in advanced economies, as expected, suggesting that in these countries corporate credit …
Persistent link: https://www.econbiz.de/10005263812
Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers the risks of adverse selection. The paper...
Persistent link: https://www.econbiz.de/10005263899
commercial credit rating agencies. Estimates for 20 emerging market economies show that sovereign ratings react procyclically to … run up to the crises. Simulations suggest modest efficiency gains of using sovereign credit ratings for capital …
Persistent link: https://www.econbiz.de/10005264127
This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In...
Persistent link: https://www.econbiz.de/10005264130