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An Estimated Small Open Economy Model of the Financial Accelerator
Justiniano, Alejandro; Elekdag, Selim; Tchakarov, Ivan - International Monetary Fund (IMF) - 2005
This paper develops a small open economy model where entrepreneurs partially finance investment using foreign currency denominated debt subject to a risk premium above and beyond international interest rates. We use Bayesian estimation techniques to evaluate the importance of balance sheet...
Persistent link: https://www.econbiz.de/10005826005
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Recent Advances in Credit Risk Modeling
Gasha, Jose Giancarlo; Santos, Andre; Chan-Lau, Jorge A.; … - International Monetary Fund (IMF) - 2009
As is well known, most models of credit risk have failed to measure the credit risks in the context of the global financial crisis. In this context, financial industry representatives, regulators and academics worldwide have given new impetus to efforts to improve credit risk modeling for...
Persistent link: https://www.econbiz.de/10008528651
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Subordination of Shareholder Loans from a Legal and Economic Perspective
Gelter, Martin; Roth, Jürg - In: CESifo DICE Report 5 (2007) 2, pp. 40-47
Persistent link: https://www.econbiz.de/10005037331
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The Evaluation of European Social Fund Programmes in a New Framework of Multilevel Governance: The Italian Experience
Lion, Cristina; Martini, Paola; Volpi, Stefano - In: Regional Studies 38 (2004) 2, pp. 207-212
Lion C., Martini P. and Volpi S. (2004) The evaluation of European Social Fund programmes in a new framework of … experience in the evaluation of programmes co-financed by the European Social Fund (ESF) over the 2000-2006 period. The key focus … is to see if, and how, evaluation procedures in Italy have changed in the context of the recently created multilevel …
Persistent link: https://www.econbiz.de/10005638138
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Financial Stability in Dollarized Economies
Gulde, Anne Marie; Hoelscher, David S.; Ize, Alain; … - International Monetary Fund (IMF) - 2004
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
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Trinidad and Tobago; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics, Banking Supervision, and Payment Sys...
International Monetary Fund (IMF); International … - 2006
This paper discusses Trinidad and Tobago’s (TTO) Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, and Payment Systems. TTO’s financial system is relatively large and structurally complex, demonstrating both...
Persistent link: https://www.econbiz.de/10005825460
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Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis
Das, Udaibir S.; Quintyn, Marc; Chenard, Kina - International Monetary Fund (IMF) - 2004
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on...
Persistent link: https://www.econbiz.de/10005825836
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Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries
Sole, Juan; Sensenbrenner, Gabriel; Tahari, Amor; … - International Monetary Fund (IMF) - 2007
A healthy and dynamic financial sector is essential to achieving high and sustainable economic growth in the Maghreb region-Algeria, Libya, Mauritania, Morocco, and Tunisia. Financial integration within the Maghreb region will help deepen financial markets, increase their efficiency, and enhance...
Persistent link: https://www.econbiz.de/10005825882
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Bank Ownership, Market Structure and Risk
Nicoló, Gianni De; Loukoianova, Elena - International Monetary Fund (IMF) - 2007
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These predictions are explored empirically using a panel of...
Persistent link: https://www.econbiz.de/10005826093
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Should Banks Be Narrowed?
Bossone, Biaggio - International Monetary Fund (IMF) - 2001
Over the past seventy years, the proposal to narrow the scope of banks has occurred more and more frequently in financial debates and research. Narrow banking would prevent deposit-issuing banks from lending to the private sector and restrict nonbank intermediaries from funding investments with...
Persistent link: https://www.econbiz.de/10005826230