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A novel downside risk measure and expected returns
Liu, Jinjing - 2019
Several studies have found that the cross-section of stock returns reflects a risk premium for bearing downside risk …; however, existing measures of downside risk have poor power for predicting returns. Therefore, this paper proposes a novel … measure of downside risk, the ES-implied beta, to improve the prediction of the cross-section of asset returns. The ES …
Persistent link: https://www.econbiz.de/10012113746
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Financial sector strategies and financial sector outcomes : do the strategies perform?
Melecký, Martin; Podpiera, Anca Maria - 2018
development needs in their country and formulate balanced financial policies. They help policy makers consider the systemic risk …
Persistent link: https://www.econbiz.de/10011806721
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A new tail-based correlation measure and its application in global equity markets
Liu, Jinjing - 2019
existing value at risk (VaR)-implied correlation. Simulations which define period-by-period true correlations show that the ES …
Persistent link: https://www.econbiz.de/10012004764
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Strengthening Somalia's Systems Smartly : A Country Systems Risk Benefit Analysis
Honig, Dan - 2017
to the international community's stated objectives. No delivery modality is without risk; both country systems and …
Persistent link: https://www.econbiz.de/10012644929
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Recent trends in bank privatization
Bertay, Ata Can; Calice, Pietro; Diaz Kalan, Federico … - 2020
This paper revisits trends in bank privatization and analyzes their economic impact over the past 25 years. Building on a novel data set of privatization events for 70 developed and developing countries, it shows that bank privatization became more frequent since the Global Financial Crisis,...
Persistent link: https://www.econbiz.de/10012257325
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Pension System plus Climate Risk : Measurement plus Mitigation
World Bank Group - 2020
actions taken (Section 2); a climate risk exposure landscape based on quantitative analysis deriving country pension fund … climate risk scores (Section 3); a complementary regulatory mapping and score that uses a combined quantitative and …
Persistent link: https://www.econbiz.de/10012647525
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Climate Risk and Financial Institutions : Challenges and Opportunities
Stenek, Vladimir - 2011
long-lived assets have both a direct financial risk to consider and the opportunity to create value by working proactively …
Persistent link: https://www.econbiz.de/10012247408
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Serbia Financial Sector Assessment Program Update : Crisis Management Framework
International Monetary Fund (contributor);  … - International Monetary Fund - 2009
In light of the outflow of deposits in Serbia in late 2008 and early 2009, a series of measures were introduced to urgently address stability concerns. These measures included increased deposit insurance coverage, shortened payout periods, introduction of regulations on lenders of last report...
Persistent link: https://www.econbiz.de/10012247363
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A decade after the 2009 Global Recession : macroeconomic and financial sector policies
Koh, Wee Chian; Yu, Shu - 2020
Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
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Financial Stability Issues in Emerging Market and Developing Economies
Financial Stability Board - 2011
The focus of the paper is on five key financial stability issues in Emerging market and developing economies (EMDEs), which have been selected on the basis of their degree of materiality for a reasonably broad range of EMDEs; their implications for regulatory, supervisory or other financial...
Persistent link: https://www.econbiz.de/10012247833