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Financial Spillovers to Emerging Markets During the Global Financial Crisis
Frank, Nathaniel; Hesse, Heiko - International Monetary Fund (IMF) - 2009
In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and …
Persistent link: https://www.econbiz.de/10008528671
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Systemic Risk and Optimal Regulatory Architecture
Espinosa-Vega, Marco A; Matta, Rafael; Kahn, Charles M.; … - International Monetary Fund (IMF) - 2011
Until the recent financial crisis, the safety and soundness of financial institutions was assessed from the perspective of the individual institution. The financial crisis highlighted the need to take systemic externalities seriously when rethinking prudential oversight and the regulatory...
Persistent link: https://www.econbiz.de/10009293760
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Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries
Sole, Juan; Sensenbrenner, Gabriel; Tahari, Amor; … - International Monetary Fund (IMF) - 2007
A healthy and dynamic financial sector is essential to achieving high and sustainable economic growth in the Maghreb region-Algeria, Libya, Mauritania, Morocco, and Tunisia. Financial integration within the Maghreb region will help deepen financial markets, increase their efficiency, and enhance...
Persistent link: https://www.econbiz.de/10005825882
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Recovery Determinants of Distressed Banks; Regulators, Market Discipline, or the Environment?
Koetter, Michael; Poghosyan, Tigran; Kick, Thomas - International Monetary Fund (IMF) - 2010
Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant....
Persistent link: https://www.econbiz.de/10008519496
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The Economic Crisis; Did Financial Supervision Matter?
Quintyn, Marc; Pansini, Rosaria Vega; Masciandaro, Donato - International Monetary Fund (IMF) - 2011
The Asian financial crisis marked the beginning of worldwide efforts to improve the effectiveness of financial supervision. However, the crisis that started in 2007?08 was a crude awakening: several of these improvements seemed unable to avoid or mitigate the crisis. This paper brings the first...
Persistent link: https://www.econbiz.de/10009370541
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How Private Creditors Fared in Emerging Debt Markets, 1970-2000
Zettelmeyer, Jeromin; Weder, Beatrice; Klingen, Christoph - International Monetary Fund (IMF) - 2004
We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on … bond. This reflects the combined effect of the 1980s debt crisis and much higher returns during 1989-2000. Annual returns … high-yield bonds. However, unlike returns on these bonds, emerging market debt returns do not seem significantly correlated …
Persistent link: https://www.econbiz.de/10005264003
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A Model of the Imf As a Coinsurance Arrangement
Chami, Ralph; Shim, Ilhyock; Sharma, Sunil - International Monetary Fund (IMF) - 2004
The paper shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and integrating into the global financial system. The operation of the coinsurance arrangement is examined under...
Persistent link: https://www.econbiz.de/10005264158
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Sovereign Default, Private Sector Creditors and the IFIs
Boz, Emine - International Monetary Fund (IMF) - 2009
. Private sector creditors and the IFI offer different debt contracts that are modelled based on the institutional frameworks of … these two types of debt. We analyze the decisions of a sovereign on how to allocate its borrowing needs between these two … types of creditors, and when to default on its debt to the private sector creditor. The numerical analysis shows that …
Persistent link: https://www.econbiz.de/10005825629
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Public Debt Markets in Central America, Panama, and the Dominican Republic
Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007
This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets … account for the lion's share of capital markets, regional public debt markets remain underdeveloped for a variety of reasons … and composition of debt (with sizeable nonstandard and non-tradable components), fragmentation of public debt between …
Persistent link: https://www.econbiz.de/10005825635
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Toward a Statutory Approach to Sovereign Debt Restructuring; Lessons From Corporate Bankruptcy Practice Around the World
Bolton, Patrick - International Monetary Fund (IMF) - 2003
relevant to the debate on Sovereign Debt Restructuring. It highlights four components common to most bankruptcy reorganization … institutions: a stay on debt collection efforts to prevent a costly run for the assets, broad enforcement of absolute priority … while its liabilities are restructured. The paper argues that these components ought to be present in any sovereign debt …
Persistent link: https://www.econbiz.de/10005605204