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Did the Basel Accord Cause a Credit Slowdown in Latin America?
Cosimano, Thomas F.; Chami, Ralph; Barajas, Adolfo - International Monetary Fund (IMF) - 2005
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
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Central Bank Collateral Frameworks; Principles and Policies
McCaughrin, Rebecca; Gray, Simon; Chailloux, Alexandre - International Monetary Fund (IMF) - 2008
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
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Modernizing Bank Regulation in Support of Financial Deepening; The Case of Uruguay
Wezel, Torsten; Mansilla, Mario; Adler, Gustavo - International Monetary Fund (IMF) - 2009
This paper studies how Uruguay's regulatory framework was gradually strengthened to address shortcomings identified during the 2002-03 crisis, to align with international standards and, more recently, to deal with cyclical pressures resulting in an acceleration of bank lending. In particular,...
Persistent link: https://www.econbiz.de/10008528653
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A Framework for Financial Market Development
Chami, Ralph; Sharma, Sunil; Fullenkamp, Connel - International Monetary Fund (IMF) - 2009
The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity providers, and...
Persistent link: https://www.econbiz.de/10008528687
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Are Weak Banks Leading Credit Booms? Evidence From Emerging Europe
Igan, Deniz; Tamirisa, Natalia T. - International Monetary Fund (IMF) - 2008
-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence … credit booms supervisors need to carefully monitor the soundness of rapidly expanding banks and stand ready to take action to …
Persistent link: https://www.econbiz.de/10005599420
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The Option-Ipod. the Probability of Default Implied by Option Prices Basedon Entropy
Capuano, Christian - International Monetary Fund (IMF) - 2008
We present a framework to derive the probability of default implied by the price of equity options. The framework does not require any strong statistical assumption, and provide results that are informative on the expected developments of balance sheet variables, such as assets, equity and...
Persistent link: https://www.econbiz.de/10005599478
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Toward An Effective Supervision of Partially Dollarized Banking Systems
Pascual, Antonio Garcia; Cayazzo, Jorge; Heysen, Socorro; … - International Monetary Fund (IMF) - 2006
. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need …, but few have addressed those arising from currency-induced credit risks. …
Persistent link: https://www.econbiz.de/10005605319
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Making OTC Derivatives Safe; A Fresh Look
Singh, Manmohan - International Monetary Fund (IMF) - 2011
Recent regulatory efforts, especially in the U.S. and Europe, are aimed at reducing moral hazard so that the next financial crisis is not bailed out by tax payers. This paper looks at the possibility that central counterparties (CCPs) may be too-big-to-fail entities in the making. The present...
Persistent link: https://www.econbiz.de/10008876583
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Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America
International Monetary Fund (IMF); International … - 2012
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
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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