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Equilibrium in a Non-Interest Open Economy
International Monetary Fund - 1988
This paper analyzes an economy in which there are no interest-bearing assets, only equity shares. Equilibrium conditions are derived for the case of a closed economy, an open economy with trade in goods only, and finally one with trade in both goods and equity shares. It is shown that the rate...
Persistent link: https://www.econbiz.de/10014395912
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The Role of Credit Markets in a Transition Economy with Incomplete Public Information
Roldos, Jorge - 1996
In this paper we explore some of the informational problems that constrain the development of credit markets in transition economies. We characterize investment patterns under uncertainty and high costs of entry, when agents learn about the ultimate value of enterprises through production in a...
Persistent link: https://www.econbiz.de/10014395992
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Multiple Equilibrium, Variability, and the Development Process
Carranza, Luis - 1998
Per capita output is more volatile in middle-income economies than in both low-income and high-income economies. We examine this pattern in a two-period overlapping generations model with two productive sectors (a developed sector and a subsistence sector) and a credit sector. In the early and...
Persistent link: https://www.econbiz.de/10014400770
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Financial distortions in China : a general equilibrium approach
Anzoategui, Diego; Chivakul, Mali; Maliszewski, Wojciech - 2015
Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better...
Persistent link: https://www.econbiz.de/10011445597
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What drives bank lending spreads and collateral requirements in the Kyrgyz Republic
Teodoru, Iulia Ruxandra - 2020
global perspective. At the same time, collateral requirements applied by banks are onerous and also constrain the quantity of … the high collateral requirements. Reforms in all these areas would support greater financial inclusion in the aftermath of …
Persistent link: https://www.econbiz.de/10012302053
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Foreign bank subsidiaries' default risk during the global crisis : what factors help insulate affiliates from their parents?
Anginer, Deniz; Cerutti, Eugenio M.; Martínez Pería, … - 2016
This paper examines the association between the default risk of foreign bank subsidiaries in developing countries and their parents during the global financial crisis, with the purpose of determining the size and sign of this correlation and, more importantly, understanding what factors can help...
Persistent link: https://www.econbiz.de/10011711462
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Supervisory roles in loan loss provisioning in countries implementing IFRS
Gaston, Ellen; Song, In Won - 2014
Persistent link: https://www.econbiz.de/10010441785
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Collateral in Loan Classification and Provisioning
Song, Inwon - 2002
. Two key issues arise with regard to the use of collateral in the context of loan classification and provisioning. In … particular, the questions arise whether collateral should be taken into account in classifying a collateralized loan, and whether … it should be considered in calculating provisions. This paper surveys country practices in the role of collateral in loan …
Persistent link: https://www.econbiz.de/10014399648
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Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS
Gaston, Ellen - 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 accounting and regulatory approaches in...
Persistent link: https://www.econbiz.de/10014411507
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Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties
Aitken, James - 2009
have shifted over the past year. We estimate that the adverse impact of counterparty risk on high-grade collateral flows …
Persistent link: https://www.econbiz.de/10014403175