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Stress Testing of Financial Systems; An Overview of Issues, Methodologies, and FSAP Experiences

Peria, Maria Soledad Martinez; Majnoni, Giovanni; … - International Monetary Fund (IMF) - 2001

The paper has three objectives. After a general introduction to some of the concepts and basic techniques of stress testing, the paper gives an overview of some of the conceptual issues involved in evaluating risks at the aggregated level of financial systems. Second, this study provides a basic...

Persistent link: https://www.econbiz.de/10005248173

Loan Review, Provisioning, and Macroeconomic Linkages

International Monetary Fund (IMF); International … - 2000

elements of credit risk management and important to prudential oversight. As illustrated in this paper, valuation feeds into …

Persistent link: https://www.econbiz.de/10005248195

Central Bank Collateral Frameworks; Principles and Policies

McCaughrin, Rebecca; Gray, Simon; Chailloux, Alexandre - International Monetary Fund (IMF) - 2008

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers the risks of adverse selection. The paper...

Persistent link: https://www.econbiz.de/10005263899

Pricing Debit Card Payment Services; An IO Approach

Tieman, Alexander F.; Bolt, Wilko - International Monetary Fund (IMF) - 2003

This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In...

Persistent link: https://www.econbiz.de/10005264130

Iran; The Chronicles of the Subsidy Reform

Guillaume, Dominique M.; Zytek, Roman; Farzin, Mohammad Reza - International Monetary Fund (IMF) - 2011

On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early...

Persistent link: https://www.econbiz.de/10009203528

Central Bank Response to the 2007-08 Financial Market Turbulence; Experiences and Lessons Drawn

Stella, Peter; Shimizu, Seiichi; Gray, Simon; Klueh, … - International Monetary Fund (IMF) - 2008

The paper reviews the policy response of major central banks during the 2007–08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These...

Persistent link: https://www.econbiz.de/10005825614

Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention

Bertola, Giuseppe; Bartolini, Leonardo; Prati, Alessandro - International Monetary Fund (IMF) - 2000

We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the U.S. market for federal funds: depository institutions tend to hold more reserves during the last few days of each “reserve maintenance period,” when the...

Persistent link: https://www.econbiz.de/10005825728

Social Welfare and Cost Recovery in Two-Sided Markets

Bolt, Wilko; Tieman, Alexander F. - International Monetary Fund (IMF) - 2005

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...

Persistent link: https://www.econbiz.de/10005825848

Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy

Hook, Andrew T. - International Monetary Fund (IMF) - 1992

The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are … compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant … role of the state in the centrally planned economies meant that the state underwrote virtually all payments risk. With the …

Persistent link: https://www.econbiz.de/10005826585

Stress Testing Financial Systems; What to Do When the Governor Calls

Hilbers, Paul Louis Ceriel; Jones, Matthew T.; Slack, … - International Monetary Fund (IMF) - 2004

Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This paper is intended to answer some of the basic questions that may arise as part of the process of stress testing. The paper begins with a discussion of stress testing in a financial...

Persistent link: https://www.econbiz.de/10005826600

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