Narrow search
Showing 1 - 10 of 4,545
Cover Image
Public Debt Markets in Central America, Panama, and the Dominican Republic
Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007
This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama as at end-2005. Although they account for the lion's share of capital markets, regional...
Persistent link: https://www.econbiz.de/10005825635
Cover Image
Bangladesh; Financial System Stability Assessment
International Monetary Fund (IMF); International … - 2010
This paper reports on Bangladesh’s Financial System Stability Assessment. Considerable progress has been made in strengthening the resilience of the country's financial sector. Total assets of the banking sector have increased twofold since 2003, and credit to the private sector has risen...
Persistent link: https://www.econbiz.de/10011245298
Cover Image
US corporate default swap valuation: the market liquidity hypothesis and autonomous credit risk
Dunbar, Kwamie - In: Quantitative Finance 8 (2008) 3, pp. 321-334
swaps to determine if swap rates adequately reflect market risks. The findings of the analysis illustrate the importance of … credit default swap (CDS) market, was also found to improve the valuation of investors' autonomous credit risk. Thus a …
Persistent link: https://www.econbiz.de/10005495784
Cover Image
US Corporate Default Swap Valuation: The Market Liquidity Hypothesis and Autonomous Credit Risk
Dunbar, Kwamie O. Dunbar, Sr. - Department of Economics, University of Connecticut - 2007
swaps to determine if swap rates adequately reflect market risks. The findings of the analysis illustrate the importance of … credit default swap (CDS) market, was also found to improve the valuation of investors. autonomous credit risk. Thus a …
Persistent link: https://www.econbiz.de/10005746151
Cover Image
Efficient pricing of default risk: Different approaches for a single goal
Brigo, Damiano; Morini, Massimo - In: Journal of Financial Transformation 13 (2005), pp. 151-160
With the rapid development of the credit derivatives market, efficient pricing of default has become an extremely important issue for the credit risk management of banks and other investors. We consider here some of the opportunities and problems that the development of this market poses to...
Persistent link: https://www.econbiz.de/10008490650
Cover Image
A Framework for the Surveillance of Derivative Activities
Gutierrez, Eva - International Monetary Fund (IMF) - 2005
This paper proposes a framework for the surveillance of financial institutions' derivatives activities. The designed framework builds on information likely to be collected by financial market regulators for supervisory purposes, and/or information collected by market participants for the purpose...
Persistent link: https://www.econbiz.de/10005263815
Cover Image
First; A Market-Based Approach to Evaluate Financial System Risk and Stability
Avesani, Renzo G. - International Monetary Fund (IMF) - 2005
This paper presents background work that has been the basis for the development of the market and credit risk indicators (MRI and CRI, respectively) as published in the IMF's Global Financial Stability Report (GFSR) since September 2004. The fundamental idea was to build a set of Financial...
Persistent link: https://www.econbiz.de/10005264101
Cover Image
The Credit Risk Transfer Market and Stability Implications for U.K. Financial Institutions
Ong, Li L.; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006
The increasing ability to trade credit risk in financial markets has facilitated its dispersion across the financial and other sectors. However, specific risks attached to credit risk transfer (CRT) instruments in a market with still-limited liquidity means that its rapid expansion may actually...
Persistent link: https://www.econbiz.de/10005826449
Cover Image
Credit Derivatives; Systemic Risks and Policy Options?
Kiff, John; Elliott, Jennifer A.; Kazarian, Elias G.; … - International Monetary Fund (IMF) - 2009
Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "hands off …. The purpose of this paper is to address two basic questions: (i) do credit derivative markets increase systemic risk; and … of credit derivative markets and recent events, followed by an assessment of their recent association with systemic risk …
Persistent link: https://www.econbiz.de/10008497598
Cover Image
The Systemic Regulation of Credit Rating Agencies and Rated Markets
Sy, Amadou N. R. - International Monetary Fund (IMF) - 2009
Credit ratings have contributed to the current financial crisis. Proposals to regulate credit rating agencies focus on micro-prudential issues and aim at reducing conflicts of interest and increasing transparency and competition. In contrast, this paper argues that macro-prudential regulation is...
Persistent link: https://www.econbiz.de/10008528614