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Banking and Trading
Boot, Arnoud W.A.; Ratnovski, Lev - International Monetary Fund (IMF) - 2012
-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions …-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank … engages in trading, it can use its ‘spare’ capital to profitablity expand the scale of trading. However, there are two …
Persistent link: https://www.econbiz.de/10011142044
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Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences
International Monetary Fund (IMF); International … - 2011
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
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Collateral, Netting and Systemic Risk in the OTC Derivatives Market
Singh, Manmohan - International Monetary Fund (IMF) - 2010
counterparties (CCPs) would require large increases in posted collateral, possibly requiring large banks to raise more capital. These … appropriate capital levy on remaining positions to encourage the transition. …
Persistent link: https://www.econbiz.de/10008470392
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The United States; Spillover Report: 2011 Article IV Consultation
International Monetary Fund (IMF); International … - 2011
policy spillovers. Concerns that the end of QE2 could lead to a rapid reversal of emerging market capital flows appear …
Persistent link: https://www.econbiz.de/10011243769
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Risk management among the poor: The case of microfinancial services
Arun, Thankom; Bendig, Mirko - 2010
This paper argues that the level of financial services provision determines the risk management strategies among the poor. The paper estimates the determinants of the household's use of one, two or all three types of microfinancial services applying ordered probit models and additionally probit...
Persistent link: https://www.econbiz.de/10010274583
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Systemic Risk and Asymmetric Responses in the Financial Industry
López-Espinosa, Germán; Rubia, Antonio; Valderrama, Laura - International Monetary Fund (IMF) - 2012
To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and individual bank returns has not yet been developed. This paper proposes an extension of the so-called CoVaR measure that captures the asymmetric response of the banking system to...
Persistent link: https://www.econbiz.de/10011142002
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Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis?
Heath, Robert M. - International Monetary Fund (IMF) - 2013
In the wake of the recent global crisis the international community is giving an increased focus on stability of the financial system, so-called financial stability analysis. With the increasing need for data sets to undertake this analysis, the question naturally arises as to what types of data...
Persistent link: https://www.econbiz.de/10011142045
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What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga; Nowak, Sylwia - International Monetary Fund (IMF) - 2012
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10011142164
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Macroprudential Policies for a Resource Rich Economy The Case of Mongolia
Maino, Rodolfo; Imam, Patrick A.; Ojima, Yasuhisa - International Monetary Fund (IMF) - 2013
This paper explores the extent to which macroprudential tools can be used to manage banking sector risks in Mongolia, a commodity producing country exposed to both procyclical and cross-sectional financial sector risks. Loose fiscal policy, rising credit activity, and heightened risk...
Persistent link: https://www.econbiz.de/10011123884
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Redesigning the Contours of the Future Financial System
Kodres, Laura E.; Narain, Aditya - International Monetary Fund (IMF) - 2010
This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financial regulations that reflect the systemic nature of financial risks and the role...
Persistent link: https://www.econbiz.de/10011123890