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Various indicators place Cyprus’s banking system soundness ahead of emerging countries but behind advanced economies. This report discusses financial sector stability in Cyprus, using a combination of accounting-based and market-based indicators, and stress tests. Cypriot commercial banks...
Persistent link: https://www.econbiz.de/10011245527
Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests, and illustrate their strengths and weaknesses. Using an Excel-based exercise with...
Persistent link: https://www.econbiz.de/10005248151
identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures …, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database … of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes …
Persistent link: https://www.econbiz.de/10005826186
This paper examines the behavior of bank soundness indicators during episodes of brisk loan growth, using bank …-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence …
Persistent link: https://www.econbiz.de/10005599420
Persistent link: https://www.econbiz.de/10004998700
Persistent link: https://www.econbiz.de/10005037327
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile...
Persistent link: https://www.econbiz.de/10010877673
This study examines the effects of temperature and precipitation on the mean and variance of seasonal rice yield in Andhra Pradesh, India, over a period of 33 years (1969-2002). For this purpose, two distinct approaches are employed: (i) panel data analysis using Just and Pope stochastic...
Persistent link: https://www.econbiz.de/10010627401
Climatic impact on agricultural production is a serious concern, as it is directly linked to food security and poverty. Whereas there are empirical studies that examine this issue with parametric approaches focusing on the “mean” level of variables, few studies have addressed climatic...
Persistent link: https://www.econbiz.de/10011043543
This paper investigates whether market information is reliable to predict financial deterioration of large Too Big To Fail banks in Asia. A stepwise logit model is first estimated to isolate the optimal set of accounting indicators to predict rating downgrades. The model is then extended to...
Persistent link: https://www.econbiz.de/10008599452