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The purpose of the article is to attempt to answer the question of how the crisis affected the banking systems of cee countries, with special emphasis on liquidity risk. It seems that this problem has particularly affected emerging economies. First, the liquidity risk began to exert considerable...
Persistent link: https://www.econbiz.de/10010699001
The present study aims to build a relationship that can quantify the dependence between different capital markets and to compare the results obtained before and after the onset already famous financial crisis we are going through. Also, we plan to identify on the basis of generally valid...
Persistent link: https://www.econbiz.de/10008675988
Using the asymmetric dynamic conditional correlation (A-DCC) model developed by Cappiello et al. (2006), this paper empirically analyzes the conditional correlation between treasury and swap markets from February 9, 2006 to May 31, 2011, and makes two key contributions. First, the dynamics of...
Persistent link: https://www.econbiz.de/10011041520
The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …
Persistent link: https://www.econbiz.de/10008479035
Until recent years, formal bank insolvency proceedings were rare occurrences, with governments not coming more often to … framework for failing banks and the conduct of formal bank insolvency proceedings. However, in the aftermath of the American … financial crisis, more attention has been focused on issues of bank insolvency. Structural reforms in the banking sector of …
Persistent link: https://www.econbiz.de/10010727614
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
The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches—the creation...
Persistent link: https://www.econbiz.de/10005826132
Persistent link: https://www.econbiz.de/10005607352
The paper studies the extent of corporate leverage and range of excessive debt of Slovenian firms during the recent financial crisis. Half of all firms (of those with some non-zero debt and at least one employee) are found to face an unsustainable debt-to-EBITDA leverage ratio beyond 4,...
Persistent link: https://www.econbiz.de/10010797498
Standard macroeconomic theory did not help foresee the crisis, nor has it helped understand it or craft solutions. This … the key questions about insolvency and illiquidity to be answered. They did not allow such questions to be asked. A new …
Persistent link: https://www.econbiz.de/10011111291