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Bank Insolvency and Stabilization in Eastern Europe

International Monetary Fund - 1992

The profound structural reform underway in Eastern Europe has revealed the weakness of the banking sector there; macroeconomic stability and other reforms are thereby threatened. After an overview of recent developments in the banking sectors of these countries, a model is developed that...

Persistent link: https://www.econbiz.de/10014396262

Optimal bank recovery

Goodhart, Charles A. E.; Segoviano, Miguel - 2015

Banks' living wills involve both recovery and resolution. Since it may not always be clear when recovery plans or actions should be triggered, there is a role for an objective metric to trigger recovery. We outline how such a metric could be constructed meeting criteria of (i) adequate loss...

Persistent link: https://www.econbiz.de/10011408292

International Transmission of Bank and Corporate Distress

N'Diaye, Papa M'B. P. - 2010

The paper evaluates how increases in banks’ and nonfinancial corporates’ default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causality...

Persistent link: https://www.econbiz.de/10014402720

High Liquidity Creation and Bank Failures

Fungacova, Zuzana - 2015

We formulate the “High Liquidity Creation Hypothesis” (HLCH) that a proliferation in the core activity of bank … liquidity creation increases failure probability. We test the HLCH in the context of Russian banking, which provides a natural … field experiment due to numerous failures experienced over the past decade. Using Berger and Bouwman’s (2009) liquidity …

Persistent link: https://www.econbiz.de/10014412104

Is there a Role for Funding in Explaining Recent U.S. Banks' Failures?

Bologna, Pierluigi - 2011

This paper tests the role of different banks'' liquidity funding structures in explaining the banks'' failures, which … recognizes that the new liquidity framework proposed by the Basel Committee on Banking Supervision appears to have the features … to strenghten banks'' liquidity conditions and improve financial stability. Its correct implementation together with …

Persistent link: https://www.econbiz.de/10014398525

Is there a role for funding in explaining recent U.S. banks’ failures?

Bologna, Pierluigi - 2011

Persistent link: https://www.econbiz.de/10009424984

Dealing with Private Debt Distress in the Wake of the European Financial Crisis : A Review of the Economics and Legal Toolbox

Liu, Yan - 2013

The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and—in some cases—institutional arrangements to deal with over-indebtedness. For households, where the problem in some...

Persistent link: https://www.econbiz.de/10014395387

Valuation of Menu items in Debt Restructuring

International Monetary Fund - 1989

This paper outlines a procedure for calculating the cash value of “menu items” in debt restructuring proposals, including par and non-par exchanges, with enhancements consisting of either interest or principal guarantees. It is argued that under certain plausible assumptions interest and...

Persistent link: https://www.econbiz.de/10014396239

Mortgage Defaults

Martinez, Leonardo - 2012

This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the...

Persistent link: https://www.econbiz.de/10014396941

The impact of legislation on credit risk : comparative evidence from the United States, the United Kingdom and Germany

Schmieder, Christian; Schmieder, Philipp - 2011

Persistent link: https://www.econbiz.de/10009486196