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Euro Area Policies: 2012 Article IV Consultation; Selected Issues Paper
International Monetary Fund (IMF); International … - 2012
This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various...
Persistent link: https://www.econbiz.de/10011244498
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Singapore; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Sec...
International Monetary Fund (IMF); International … - 2004
Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines. Economic developments in the past few years have highlighted Singapore’s vulnerability to exogenous shocks, including...
Persistent link: https://www.econbiz.de/10005252855
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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
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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
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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 construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic discount factors. Risk sharing is low in Asia, and...
Persistent link: https://www.econbiz.de/10009369441
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Counterparty Risk in the Over-The-Counter Derivatives Market
Singh, Manmohan; Basurto, Miguel A. Segoviano - International Monetary Fund (IMF) - 2008
risk is measured by losses to the financial system that may result via the OTC derivative contracts from the default of one … or more banks or primary broker-dealers. We then stress the importance of "netting" within the OTC derivative contracts …
Persistent link: https://www.econbiz.de/10005825910
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The Indonesian Financial System; Its Contribution to Economic Performance, and Key Policy Issues
Montogomery, Jonh D. - International Monetary Fund (IMF) - 1997
The structure of the financial system in Indonesia is examined through the analytical lens of the system’s contribution to the growth, stability, and efficiency of the Indonesian economy. The focus is on the banking system and securities markets, which are the primary mechanisms for mobilizing...
Persistent link: https://www.econbiz.de/10005826609
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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
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Collateral, Netting and Systemic Risk in the OTC Derivatives Market
Singh, Manmohan - International Monetary Fund (IMF) - 2010
To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear Over-The-Counter (OTC) derivatives trades. Regulators should be cognizant that large banks active in the OTC derivatives market do not hold collateral against all the positions...
Persistent link: https://www.econbiz.de/10008470392
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Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties
Aitken, James; Singh, Manmohan - International Monetary Fund (IMF) - 2009
shown that OTC derivative positions are not supported by sufficient capital, constituting a major risk for participants in …
Persistent link: https://www.econbiz.de/10008528640