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, especially emerging markets, have used these tools and analyses suggest that some can reduce procyclicality and crisis risks. Yet …
Persistent link: https://www.econbiz.de/10011142120
This note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and suggests implications for measurement and regulatory approaches.
Persistent link: https://www.econbiz.de/10011245881
Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently, especially foreign exchange related ones, while...
Persistent link: https://www.econbiz.de/10011242370
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245897
global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … Area – are also important, sometimes even more so, consistent with the dominant role of European banks in cross …
Persistent link: https://www.econbiz.de/10011142075
Weaknesses in the corporate sector have increasingly been cited as important factors in financial crises in both emerging markets and industrial countries. Analysts have pointed to weak corporate performance and risky financing patterns as major causes of the East Asian financial crisis. And...
Persistent link: https://www.econbiz.de/10005079732
decisions for 186 banks and 97 non-bank financial institutions in Indonesia, the Republic of Korea, Malaysia, the Philippines … (smaller) non-bank financial institutions were more likely to be closed. This suggests a"too big to fail"policy. 5) These …
Persistent link: https://www.econbiz.de/10005079817
Six years into the debt crisis, questions about the relevance of policy measures to alleviate the crisis still abound. Conditionality by international financial institutions and rescheduling by commercial creditors have been dismissed in favor of debt reduction as strategies for restoring the...
Persistent link: https://www.econbiz.de/10005080076
banks entry. The causality direction is often unclear. Policies and structural conditions can affect bank quality. The role … reform existing state-owned banks (the rehabilitation approach) or whether a new private banking system should be allowed to … emerge (a new entry approach). Or should there be a mix of the two approaches, in which the state bank activities are …
Persistent link: https://www.econbiz.de/10005128431
The authors review the case for market-based debt reduction and concerted debt reduction. They explain the new menu-based approach to debt reduction and discuss why it may be preferred to market-based and concerted debt reduction. In a review of the five recent debt-reduction agreements, they...
Persistent link: https://www.econbiz.de/10005128563