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Financial Constraints, Intangible Assets, and Firm Dynamics: Theory and Evidence
Chen, Sophia - International Monetary Fund (IMF) - 2014
I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct … new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that … firms with a higher share of intangible assets in total assets start smaller, grow faster, and have higher Tobin’s q …
Persistent link: https://www.econbiz.de/10011142148
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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
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Loan Review, Provisioning, and Macroeconomic Linkages
International Monetary Fund (IMF); International … - 2000
Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet. It allows for ongoing valuation of loans. Both are core elements of credit risk management and important to...
Persistent link: https://www.econbiz.de/10005248195
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Central Bank Collateral Frameworks; Principles and Policies
McCaughrin, Rebecca; Gray, Simon; Chailloux, Alexandre - International Monetary Fund (IMF) - 2008
collateral policies in coming years; and (iv) further work is required to develop pricing incentives and the structure of central …
Persistent link: https://www.econbiz.de/10005263899
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Pricing Debit Card Payment Services; An IO Approach
Tieman, Alexander F.; Bolt, Wilko - International Monetary Fund (IMF) - 2003
This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring … retailers do. This corner solution carries over when we analyze socially optimal pricing. …
Persistent link: https://www.econbiz.de/10005264130
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Iran; The Chronicles of the Subsidy Reform
Guillaume, Dominique M.; Zytek, Roman; Farzin, Mohammad Reza - International Monetary Fund (IMF) - 2011
On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early...
Persistent link: https://www.econbiz.de/10009203528
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Central Bank Response to the 2007-08 Financial Market Turbulence; Experiences and Lessons Drawn
Stella, Peter; Shimizu, Seiichi; Gray, Simon; Klueh, … - International Monetary Fund (IMF) - 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/10005825614
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Social Welfare and Cost Recovery in Two-Sided Markets
Bolt, Wilko; Tieman, Alexander F. - International Monetary Fund (IMF) - 2005
Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent … marginal cost. This causes operational losses for the platform. Our result holds for both interior pricing and skewed pricing …
Persistent link: https://www.econbiz.de/10005825848
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The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe
International Monetary Fund (IMF); International … - 1994
The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...
Persistent link: https://www.econbiz.de/10005826638
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Decomposing Financial Risks and Vulnerabilities in Eastern Europe
Worrell, DeLisle; Maechler, Andrea M.; Mitra, Srobona - International Monetary Fund (IMF) - 2007
This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect banking stability in the ten countries that joined the European Union most recently, and eight neighboring countries. It also examines how the quality of supervisory standards may...
Persistent link: https://www.econbiz.de/10005769124