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Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective

Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011

This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more … differentials. Asia, therefore, can potentially enhance risk sharing without raising contagion risk. …

Persistent link: https://www.econbiz.de/10009369441

Italian Sovereign Spreads; Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions

Zoli, Edda - International Monetary Fund (IMF) - 2013

Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are...

Persistent link: https://www.econbiz.de/10011242184

Why Was Asia Resilient? Lessons from the Past and for the Future

Jeasakul, Phakawa; Lim, Cheng Hoon; Lundbäck, Erik J. - International Monetary Fund (IMF) - 2014

Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and …

Persistent link: https://www.econbiz.de/10011142139

Two Approaches to Resolving Nonperforming Assets During Financial Crises

Woo, D. - International Monetary Fund (IMF) - 2000

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