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liquidity or illiquidity. We present eight possible measures of liquidity which are partially based on micro-structural market … well the liquidity situation in the North American market over the period between 1998 and 2009. …
Persistent link: https://www.econbiz.de/10010991637
This paper presents a flexible, lattice-based structural credit risk model that uses equity market information and a detailed depiction of a financial institution’s liability structure to analyze default risk. The model is applied to examine the term structure of default probabilities for...
Persistent link: https://www.econbiz.de/10010943179
, liquidity risk emerged as a major source of turmoil for the banking system, being able to cause disruptions in lending activity …. Empirical evidence points out a significant impact of credit growth and government fiscal position on liquidity risk management …
Persistent link: https://www.econbiz.de/10011004945
banking sector, including a comprehensive stress-testing exercise of banks’ solvency and liquidity positions. While the … banking sector appears resilient to credit risk stress tests, liquidity stress test results reveal some weaknesses owing to …
Persistent link: https://www.econbiz.de/10011244366
This Financial System Stability Assessment on the United Arab Emirates (UAE) examines macroeconomic and financial sector developments. The banking sector as a whole shows comfortable levels of capitalization and profits, having benefited from the rapid expansion of the economy and a steady...
Persistent link: https://www.econbiz.de/10011244595
financial stability analysis, banks are resilient to credit risk and could face difficulties with respect to liquidity risk. The …
Persistent link: https://www.econbiz.de/10011244814
The Belgium Financial Sector Assessment Program (FSAP) stress testing exercise examines a financial sector that remains in a state of transformation. Domestic economic challenges remain sources of continued uncertainty as the banking sector consolidates and reduces funding risks. Insurers face...
Persistent link: https://www.econbiz.de/10011245216
This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and...
Persistent link: https://www.econbiz.de/10011245257
Persistent link: https://www.econbiz.de/10011245610
argument for the existence of safe harbours is liquidity in the financial market. Safe harbour rules do away with a number of … legal concepts, notably those attached to traditional security, and thereby allow for an exponentiation of liquidity … liquidity. To the extent that safe harbours accelerate contagion in terms of crisis, which in principle is a valid argument …
Persistent link: https://www.econbiz.de/10011264787