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Market frictions, interbank linkages and excessive interconnections
Deb, Pragyan - 2016
This paper studies banks' decision to form financial interconnections using a model of financial contagion that explicitly takes into account the crisis state of the world. This allows us to model the network formation decision as optimising behaviour of competitive banks, where they balance the...
Persistent link: https://www.econbiz.de/10011715336
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Cooperative Banks and Financial Stability
Cihák, Martin - 2007
Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This...
Persistent link: https://www.econbiz.de/10014400786
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Financial System Standards and Financial Stability : The Case of Basel Core Principles
Marston, David - 2001
The relationship between the observance of financial system standards and financial stability is complex owing to the multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical criteria for compliance needs to be reinforced...
Persistent link: https://www.econbiz.de/10014400104
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From Stress to Costress : Stress Testing Interconnected Banking Systems
Maino, Rodolfo - 2012
This paper presents an integrated framework for assessing systemic risk. The framework models banks’ capital asset ratios as a function of future losses and credit growth using a generalized method of moments to calibrate shocks to credit quality and credit growth. The analysis is complemented...
Persistent link: https://www.econbiz.de/10014396595
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Effectiveness of capital controls in selected emerging markets in the 2000s
Baba, Chikako; Kokenyne, Annamaria - 2011
Persistent link: https://www.econbiz.de/10009419723
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Is Brazil Different? : Risk, Dollarization, and Interest Rates in Emerging Markets
Holland, Márcio - 2007
, but find that the effect is small after controlling for the risks of dilution and default. Brazil provides a natural case … explain the high interest rate levels in the aftermath of Brazil''s 1994 inflation stabilization. However, since the adoption … in 1999 of inflation targeting and floating exchange rates, Brazil''s real interest rates are gradually converging to the …
Persistent link: https://www.econbiz.de/10014401062
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Effectiveness of Capital Controls in Selected Emerging Markets in the 2000's
Baba, Chikako - 2011
This paper estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and …
Persistent link: https://www.econbiz.de/10014397156
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Primary Surplus Behavior and Risks to Fiscal Sustainability in Emerging Market Countries : A ""Fan-Chart"" Approach
Celasun, Oya - 2006
of fiscal policy on the other. Applications to Argentina, Brazil, Mexico, South Africa, and Turkey are used to illustrate …
Persistent link: https://www.econbiz.de/10014399864
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Pick Your Poison : The Exchange Rate Regime and Capital Account Volatility in Emerging Markets
Iwata, Shigeru - 2003
for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are …
Persistent link: https://www.econbiz.de/10014403824
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Are Credit Default Swaps Spreads High in Emerging Markets : An Alternative Methodology for Proxying Recovery Value
Singh, Manmohan - 2003
the inputs that are required to calculate such spreads. This note provides some evidence from Argentina and Brazil that …
Persistent link: https://www.econbiz.de/10014403968