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Accounting Discretion of Banks During a Financial Crisis

Laeven, Luc - 2009

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to...

Persistent link: https://www.econbiz.de/10012677876

Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS

Gaston, Ellen; Song, Inwon - International Monetary Fund (IMF) - 2014

Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been … guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the … different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet …

Persistent link: https://www.econbiz.de/10010959458

Contagion, Monsoons, and Domestic Turmoil in Indonesia; A Case Study in the Asian Currency Crisis

Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2000

This paper investigates whether Indonesia’s recent currency crisis was due to domestic fundamentals, common external shocks (“monsoons”), or contagion from neighboring countries. Markov-switching models attribute speculative pressure on Indonesia’s currency to domestic political and...

Persistent link: https://www.econbiz.de/10005248271

Foreign Bank Supervision and Challenges to Emerging Market Supervisors

Song, Inwon - International Monetary Fund (IMF) - 2004

The increased presence of foreign banks in a country's domestic banking system necessitates the development of effective cross-border prudential supervision where the consolidated supervision is the essential element. This paper presents foreign bank supervision in terms of division of...

Persistent link: https://www.econbiz.de/10005253006

Changes in Inventories in the National Accounts

Fassler, Segismundo; Shrestha, Manik L. - International Monetary Fund (IMF) - 2003

The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating...

Persistent link: https://www.econbiz.de/10005263775

Managing Financial Crises; The Experience in East Asia

Lane, Timothy D.; Hamann, A. Javier; Schulze-Gattas, … - International Monetary Fund (IMF) - 2000

The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...

Persistent link: https://www.econbiz.de/10005263845

Portfolio Credit Risk and Macroeconomic Shocks; Applications to Stress Testing Under Data-Restricted Environments

Basurto, Miguel A. Segoviano - International Monetary Fund (IMF) - 2006

Portfolio credit risk measurement is greatly affected by data constraints, especially when focusing on loans given to unlisted firms. Standard methodologies adopt convenient, but not necessarily properly specified parametric distributions or simply ignore the effects of macroeconomic shocks on...

Persistent link: https://www.econbiz.de/10005263920

Quality of Financial Sector Regulation and Supervision Around the World

Cihák, Martin; Tieman, Alexander F. - International Monetary Fund (IMF) - 2008

supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and …

Persistent link: https://www.econbiz.de/10005264124

An Incentive Approach to Identifying Financial System Vulnerabilities

Chai, Jingqing; Johnston, R. B. - International Monetary Fund (IMF) - 2000

This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives....

Persistent link: https://www.econbiz.de/10005264193

Should Advanced Countries Adopt a Fiscal Responsibility Law?

Lienert, Ian - International Monetary Fund (IMF) - 2010

Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and...

Persistent link: https://www.econbiz.de/10008727812