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This paper proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address...
Persistent link: https://www.econbiz.de/10014409157
-specific reserve requirement is a fraction of the debt to be deposited in a non-interest bearing account at the central bank. At … maturity, the central bank returns the reserves. There exist some specific combinations of date- and maturity-specific reserve … requirements that reduce the vulnerability to bank runs. In such setup, lenders may still want to provide new short- …
Persistent link: https://www.econbiz.de/10012677572
Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper, systemic risk is defined as the conditional probability of a systemic banking crisis and this conditional probability is modeled in a fixed effect...
Persistent link: https://www.econbiz.de/10009618529
systems are more prone to adopt bank rescue measures that are costly for the government budget. We take adva …
Persistent link: https://www.econbiz.de/10012677534
deposits combined with nominal depreciation or low liquidity, and (iii) low bank profitability-highlight that foreign currency … crisis increases. The three conditions identified as crisis-prone-(i) very high inflation, (ii) highly dollarized bank …
Persistent link: https://www.econbiz.de/10012677582
The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991 …
Persistent link: https://www.econbiz.de/10005248153
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
This paper discusses operational aspects of official emergency liquidity support to individual institutions under stress. It argues that properly designed lending procedures, clearly laid-out authority and accountability, as well as disclosures rules, will promote financial stability, reduce...
Persistent link: https://www.econbiz.de/10005263737
This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern …
Persistent link: https://www.econbiz.de/10005263910
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...
Persistent link: https://www.econbiz.de/10005825950