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Estimating Default Frequencies and Macrofinancial Linkages in the Mexican Banking Sector
Souto, Marcos - 2009
The credit risk measures we develop in this paper are used to investigate macrofinancial linkages in the Mexican banking system. Domestic and external macro-financial variables are found to be closely associated with banking soundness. At the aggregate level, high external volatility and...
Persistent link: https://www.econbiz.de/10012677777
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Understanding the Growth of African Financial Markets
Andrianaivo, Mihasonirina - 2009
This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector...
Persistent link: https://www.econbiz.de/10012677837
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Institutional Factors and Financial Sector Development
Toroyan, Hovhannes - 2009
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more...
Persistent link: https://www.econbiz.de/10012677506
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Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks.
Kim, Yoon Sook - 2006
Intro -- Contents -- Executive Summary -- I. INTRODUCTION -- II. LONG- TERM SYSTEMIC RISKS -- III. INNOVATIONS IN RISK TRANSFER MARKETS -- IV. INCOMPLETE MARKETS -- V. POLICY CONSIDERATIONS -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691045
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Financial Development and Growth in the Caucasus and Central Asia
Poghosyan, Tigran - 2022
This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF's multidimensional index of financial development, we find that CCA countries have made progress...
Persistent link: https://www.econbiz.de/10015060274
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Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China
Bayoumi, Tamim; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2013
asset holdings. The model also suggests that capital account liberalization in China may trigger net portfolio outflows as …
Persistent link: https://www.econbiz.de/10010790306
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Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks
Perez-Saiz, Hector - 2023
differences can be partly explained by an economy's geographic distance, political distance, and trade linkages with China …. However, it also reflects the impact of policy measures by the People's Bank of China, including establishing bilateral swap … lines and offshore clearing banks. Both policy measures helped to address offshore RMB liquidity shortages given China …
Persistent link: https://www.econbiz.de/10015059540
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Broad Money Demand and Asset Substitution in China
Wu, Ge - 2009
Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward …
Persistent link: https://www.econbiz.de/10012677797
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Real and Financial Sector Linkages in China and India
Aziz, Jahangir - 2008
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … investment wedge. In the case of China, nonperforming loans, borrowing constraints, and uncertainty over changes in government …
Persistent link: https://www.econbiz.de/10012677577
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What Drives China's Interbank Market?
International Monetary Fund (IMF); International … - 2009
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We …
Persistent link: https://www.econbiz.de/10008528670