Showing 1 - 10 of 6,042
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … 791 cont. and 1184 cont. German Civil Code (Bürgerliches Gesetzbuch). The work shows how to structure the share of common … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt …
Persistent link: https://www.econbiz.de/10005026984
This article addresses, in the current context, a very topical issue, namely that of the risk estimation by using the ß … data for the past four years to measure risk using the „volatility” of these securities in relation to the market. We …
Persistent link: https://www.econbiz.de/10010798215
Persistent link: https://www.econbiz.de/10005824821
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The study’s conclusions are the basis of an ongoing policy dialogue with IMF member...
Persistent link: https://www.econbiz.de/10005824860
This 2004 Article IV Consultation highlights that economic activity has been gathering speed in Estonia. Year-over-year growth accelerated to 6.8 percent in 2004 Q1 from 5.8 percent in 2003 Q1, driven by domestic demand and supported by technology sector exports. Inflation accelerated in the...
Persistent link: https://www.econbiz.de/10005824961
This Selected Issues paper for San Marino reviews developments in the financial sector and provides an update of the financial sector regulation and supervision. While Sammarinese financial institutions accept foreign deposits and managed funds to a much larger extent than comparators in...
Persistent link: https://www.econbiz.de/10005825367
This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...
Persistent link: https://www.econbiz.de/10005825656
probability of default as the most promising measure of credit risk exposure; and an elasticity approach and a VaR statistic to … measure liquidity risk. Along with the formulas for the various statistics proposed, we provide simple examples of their … application to some common risk valuation cases. Finally, we present an integrated approach for the simultaneous estimation of a …
Persistent link: https://www.econbiz.de/10005825661
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786