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Corporate Financial Structure and Financial Stability
Stone, Mark R.; Davis, E. P. - International Monetary Fund (IMF) - 2004
This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries....
Persistent link: https://www.econbiz.de/10005599642
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The Tasks Ahead
International Monetary Fund (IMF); International … - 2008
This note, prepared ahead of the G20 Summit (November 15), builds upon the points laid out in the Managing Director’s letter to the Heads of State and Government (November 9). It lays out two tasks ahead for policy makers. Policies for now should cover:(i)implementing and coordinating...
Persistent link: https://www.econbiz.de/10005605385
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Centrality-based Capital Allocations
Alter, Adrian; Craig, Ben; Raupach, Peter - International Monetary Fund (IMF) - 2014
interbank lending. The rules, which combine individual bank characteristics and interconnectivity measures of interbank lending …
Persistent link: https://www.econbiz.de/10011106151
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Stabilitatea financiară: provocări teoretice
Silviu, Cerna - In: Revista OEconomica (2012) 01
The article deals with the main intellectual challenges of developing the theoretical basis and potential instruments that can be used in the analysis of financial stability. It examines the means of detecting systemic risk and describes the difficulties in detecting it. It also presents the...
Persistent link: https://www.econbiz.de/10010965549
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Macroprudential banking regulation: Does one size fit all?
Neuberger, Doris; Rissi, Roger - Institut für Volkswirtschaftlehre, Universität Rostock - 2012
around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that … homogeneous or bank-based financial systems, the most effective regulatory policy to ensure financial stability depends on the …
Persistent link: https://www.econbiz.de/10010986089
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Risk transfer with CDOs and systemic risk in bankingfam
Krahnen, Jan Pieter; Wilde, Christian - Center for Financial Studies - 2006
. In this paper we raise the question whether credit asset securitization affects the cyclicality (or commonality) of bank … equity values. The commonality of bank equity values reflects a major component of systemic risks in the banking market … plausible assumptions concerning bank reinvestment behaviour and capital structure choice, the issuing intermediarys systematic …
Persistent link: https://www.econbiz.de/10010986406
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The broken buck stops here: Embracing sponsor support in money market fund reform
Fisch, Jill E. - Center for Financial Studies - 2014
shape of MMF reform has been influenced by a turf war among regulators as the SEC has battled with bank regulators both … about the need for additional reforms and about the structure and timing of those reforms. Bank regulators have been …
Persistent link: https://www.econbiz.de/10010986421
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A Commentary on “Measuring Systemic Risk”
DeYoung, Robert - In: Journal of Financial Services Research 42 (2012) 1, pp. 109-114
Persistent link: https://www.econbiz.de/10010987882
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Regime-switching measure of systemic financial stress
Abdymomunov, Azamat - In: Annals of Finance 9 (2013) 3, pp. 455-470
In this paper, I propose an approach to measuring systemic financial stress. In particular, abrupt and large changes in the volatility of financial variables that represent the dynamics of the US financial sector are modeled with a joint regime-switching process, distinguishing “low” and...
Persistent link: https://www.econbiz.de/10010989124
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Measures of systemic risk and financial fragility in Korea
Lee, Jong; Ryu, Jaemin; Tsomocos, Dimitrios - In: Annals of Finance 9 (2013) 4, pp. 757-786
This paper provides a quantitative metric for financial stability of Korean commercial banking system based on the Tsomocos (J Math Econ 39(5–6):619–655, <CitationRef CitationID="CR32">2003</CitationRef>) model, for which we use market data as proxies for probabilities of default and equity valuation of the banking sector. We estimate...</citationref>
Persistent link: https://www.econbiz.de/10010989127