recent global financial crisis has proven just the opposite. The banks and regulators were not in a position to truly assess …

various financial variables to 1,363 SMEs in Asia. Adoption of this comprehensive and efficient method would enable banks to …

incentives for bank holding companies have modified the provision of liquidity to the financial system by banks, and the way … credit assessment has moved from banks to other actors in the system. It takes the current experience in financial …

recurrence of crises reflects a basic procyclicality in the system, which is characterized by a build-up of risk-taking and … leverage in good times and an abrupt withdrawal from risk and an unwinding of leverage in bad times. To deal with the adverse … liquidity spiral that has characterized the current crisis, central banks have tried to strike a balance between the importance …

stages (regulation and supervision, securitization, and a run on investment banks), each stage associated with a particular …

eroded by an internal process in which commercial banks that were given a monopoly position in deposit taking sought to … remove those protections because unregulated banks were able to provide substitute instruments that were more efficient and … unregulated but unavailable to regulated banks, since they involved securities market activities that would eventually be …

This paper investigates whether there is any consistency between banks' financial strength ratings (bank rating) and … their risk-return profiles. It is expected that banks with high ratings tend to earn high expected returns for the risks … z-score by controlling for other variables related to each bank's operating environment. We find that banks with a …