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Emerging Issues in Banking Regulation
Sharma, Sunil; Chami, Ralph; Khan, Mohsin S. - International Monetary Fund (IMF) - 2003
rules, supervision, and market discipline-of the bank regulatory framework envisioned by the New Basel Accord (Basel II). It …
Persistent link: https://www.econbiz.de/10005768980
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Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking
Nicoló, Gianni De; Gamba, Andrea; Lucchetta, Marcella - International Monetary Fund (IMF) - 2012
This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and … liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare …
Persistent link: https://www.econbiz.de/10011142059
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A Primer for Risk Measurement of Bonded Debt From the Perspective of a Sovereign Debt Manager
Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006
This paper presents some conventional and new measures of market, credit, and liquidity risks for government bonds. These measures are analyzed from the perspective of a sovereign's debt manager. In particular, it examines duration, convexity, M-square, skewness, kurtosis, and VaR statistics as...
Persistent link: https://www.econbiz.de/10005825661
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Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms
Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006
passive versus active hedging. In addition, it outlines a set of widely accepted best practices in managing currency risk and … presents some of the main hedging instruments in the OTC and exchange-traded markets. The paper also provides some data on the … use of financial derivatives instruments, and hedging practices by U.S. firms. …
Persistent link: https://www.econbiz.de/10005825991
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Financial Implications of the Shrinking Supply of U.S. Treasury Securities
Schinasi, Garry J.; Smith, T. Todd; Kramer, Charles … - International Monetary Fund (IMF) - 2001
Recent improvements in fiscal positions in advanced countries have sharply curtailed the issuance of government securities and created the possibility that government securities could disappear in some countries. The possibility that this might occur in the United States has attracted the most...
Persistent link: https://www.econbiz.de/10005826085
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Public Financial Institutions in Developed Countries; Organization and Oversight
Ratnovski, Lev; Narain, Aditya - International Monetary Fund (IMF) - 2007
While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in...
Persistent link: https://www.econbiz.de/10005826304
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Commodities and the Market Price of Risk
Roache, Shaun K. - International Monetary Fund (IMF) - 2008
Commodities are back following a stellar run of price performance, attracting financial investor attention. What are the fundamental reasons to hold commodities? One reason is the exposure offered to underlying risk factors. In this paper, I assess the macro risk exposure offered by commodity...
Persistent link: https://www.econbiz.de/10005826345
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Puttable and Extendible Bonds; Developing Interest Rate Derivatives for Emerging Markets
Neftci, Salih N.; Santos, Andre - International Monetary Fund (IMF) - 2003
gains from hedging long-term bonds with interest rate derivatives. These bonds can help develop interest-rate derivative …
Persistent link: https://www.econbiz.de/10005826508
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Fixing the Fixings; What Road to a More Representative Money Market Benchmark?
Brousseau, V.; Chailloux, Alexandre; Durré, A. - International Monetary Fund (IMF) - 2013
Interest rate derivatives on major currencies, with notional outstanding amounts adding up to hundreds of trillions, are mostly indexed on Libor and Euribor benchmarks, as are hundreds of billions in loans to enterprises, mortgages and other retail loans to the real economy. Yet, the prevailing...
Persistent link: https://www.econbiz.de/10011242252
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Sub-National Credit Risk and Sovereign Bailouts: Who Pays the Premium?
Jenkner, E.; Lu, Zhongjin - International Monetary Fund (IMF) - 2014
Studies have shown that markets may underprice sub-national governments’ risk on the implicit assumption that these entities would be bailed out by their central government in case of financial difficulties. However, the question of whether sovereigns pay a premium on their own borrowing as a...
Persistent link: https://www.econbiz.de/10011149303