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Bermuda; Assessment of the Supervision and Regulation of the Financial Sector—Volume I—Review of Financial Sector Regulation and Supervision
International Monetary Fund (IMF); International … - 2005
This paper assesses the financial sector regulation and supervision in Bermuda in the context of the offshore financial center assessment program. The assessment reveals that the financial, regulatory, and supervisory framework is well developed in banking, the key areas of securities...
Persistent link: https://www.econbiz.de/10005825396
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The determinants of sovereign bond yield spreads in the EMU
Afonso, António; Arghyrou, Michael G.; Kontonikas, … - ISEG - School of Economics and Management, Department … - 2012
fiscal risks priced by markets has been significantly enriched since March 2009, including the risk of the crisis …’ transmission among EMU member states, international risk and liquidity risk. Finally, we find that sovereign credit ratings are …
Persistent link: https://www.econbiz.de/10010599174
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Who benefits from capital account liberalization? Evidence from firm-level credit ratings data
Prati, Alessandro; Schindler, Martin; Valenzuela, Patricio - In: Journal of International Money and Finance 31 (2012) 6, pp. 1649-1673
' credit risk, as measured by corporate credit ratings. As an identification strategy, we exploit within-country variation in …
Persistent link: https://www.econbiz.de/10010599338
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Corporate governance, credit ratings and the capital structure of Greek SME and large listed firms
Dasilas, Apostolos; Papasyriopoulos, Nicolas - In: Small Business Economics 45 (2015) 1, pp. 215-244
The aim of this study was to elucidate the relationship between corporate governance, credit ratings and the capital structure of small-to-medium enterprises (SMEs) and large Greek listed firms for the period spanning from 2005 to 2010. Panel regression analysis demonstrates that corporate...
Persistent link: https://www.econbiz.de/10011241908
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Appraising Credit Ratings; Does the CAP Fit Better than the ROC?
International Monetary Fund (IMF); International … - 2012
of credit risk. ROC analysis is widely used in many fields, but in finance CAP analysis is more common. We compare the … two methods, using as an illustration the ability of the OECD’s country risk ratings to predict whether a country will … generating measures of accuracy that are independent of the choice of diagnostic threshold, such as risk rating. ROC analysis has …
Persistent link: https://www.econbiz.de/10011242216
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Rating Through-the-Cycle; What does the Concept Imply for Rating Stability and Accuracy?
Kiff, John; Kisser, Michael; Schumacher, Liliana - International Monetary Fund (IMF) - 2013
Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transactions costs induced by trading when ratings change frequently. Rating agencies...
Persistent link: https://www.econbiz.de/10011242247
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Malaysia; Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Insurance Core Principles
International Monetary Fund (IMF); International … - 2013
not reveal any current potential sources of significant risk to the Malaysian financial stability from its insurance …
Persistent link: https://www.econbiz.de/10011242461
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People’s Republic of China; Detailed Assessment Report: IAIS Insurance Core Principles
International Monetary Fund (IMF); International … - 2012
This paper presents a detailed assessment report on the observance of China’s compliance with the International Association of Insurance Supervisor's insurance core principles. The China Insurance Regulatory Commission employs a rules-based framework and has achieved a high level of...
Persistent link: https://www.econbiz.de/10011243590
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Singapore: Detailed Assessment of Observance-Insurance Core Principles
International Monetary Fund (IMF); International … - 2013
This paper discusses findings of the Detailed Assessment of Observance on Insurance Core Principles on Singapore. The insurance industry in Singapore is growing, in particular the offshore nonlife sector. Gross premium of the sector has grown significantly by more than 80 percent in the last...
Persistent link: https://www.econbiz.de/10011243739
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Spain; IAIS Insurance Core Principles: Detailed Assessment of Observance
International Monetary Fund (IMF); International … - 2012
This paper provides an update on the significant regulatory and supervisory development in the Spanish insurance sector since 2006. The Spanish authorities have taken steps to address a number of shortcomings identified in the 2006 Financial Sector Assessment Program. Most notably, cooperation...
Persistent link: https://www.econbiz.de/10011243830