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(WP 2011-07) Factoring Emerging Markets into the Relationship Between Global Liquidity and Commodities

Landgraf, Steven; Chowdhury, Abdur - 2011

recovery after the 2007-2009 recession? The classical ?supply and demand? interpretation offered by some observers suggests … that rapid global industrial growth over the past decade ? the so-called ?demand channel? ? is the key driver of price … interconnected system. Various tests of the model consistently suggest that the ?demand channel? plays a large part in explaining …

Persistent link: https://www.econbiz.de/10009484482

(WP 2011-02) Predicting Changes in Corporate Governance in Emerging Markets

Braga-Alves, Marcus; Morey, Matthew - 2011

This paper investigates what predicts changes in corporate governance in emerging markets. To conduct this study we utilize a unique data set from AllianceBernstein that consists of monthly firm-level corporate governance ratings for 24 emerging market countries for almost seven years. Since the...

Persistent link: https://www.econbiz.de/10009484519

Delving into country risk

Iranzo Gutiérrez, Silvia - 2008

Since the Latin American debt crisis of the early 80s, country risk analysis has accounted for a significant part of the work of research and risk management departments of banks, insurance companies, rating agencies, financial market regulators, and multinational companies. Country risk is a...

Persistent link: https://www.econbiz.de/10012529527

Destructive Coordination

Whitehead, Charles K. - 2011

An important goal of financial risk regulation is promoting coordination. Law's coordinating function minimizes costly conflict and encourages greater uniformity among market participants. Likewise, privately developed market standards, such as standard-form contracts and rules incorporated into...

Persistent link: https://www.econbiz.de/10009467526

Three Essays in Empirical Asset Pricing

Jacobs, Thomas A. - 2010

The financial crisis of 2007-2008 led to extraordinary government intervention in firms and markets. The scope and depth of government action rivaled that of the Great Depression. Many traded markets experienced dramatic declines in liquidity leading to the existence of conditions normally...

Persistent link: https://www.econbiz.de/10009477864

The benefits are at the tail: uncovering the impact of macroprudential policy on growth-at-risk

Galán Camacho, Jorge E. - 2020

Este estudio une los desarrollos recientes sobre la metodología de crecimiento en riesgo con la literatura sobre evaluaciones de impacto de la política macroprudencial. Para ello, extiendo el uso de regresiones cuantílicas del crecimiento del PIB con el objetivo de incluir variables...

Persistent link: https://www.econbiz.de/10012523845

How do central banks identify risks? A survey of indicators

Banco de España. Strategic Plan 2024: Risk …

Para los bancos centrales son cruciales el desarrollo y el mantenimiento de un marco de identificación de riesgos que permita la detección temprana de posibles amenazas para la estabilidad financiera y que facilite la aplicación de las políticas más adecuadas. Este documento resume los...

Persistent link: https://www.econbiz.de/10012629762

CREWS: a CAMELS-based early warning system of systemic risk in the banking sector

Galán Camacho, Jorge E.

Este documento propone un indicador agregado de alerta temprana de riesgo sistémico en el sector bancario. El indicador se obtiene de la estimación de un modelo logístico basado en las variables del sistema americano de calificación de riesgo CAMELS, complementado con variables...

Persistent link: https://www.econbiz.de/10012704408

Uncertainty, non-linear contagion and the credit quality channel: an application to the Spanish interbank market

Carro, Adrián; Stupariu, Patricia

Utilizando datos granulares de la Central de Información de Riesgos del Banco de España, estudiamos uno de los canales de contagio a través de los cuales se pueden transmitir las tensiones en los mercados financieros —el canal de la calidad crediticia—, enfocándonos en el mercado...

Persistent link: https://www.econbiz.de/10013168664

Digitalisation and banking: new risks and three scenarios for the European banking system of the future

Beck, Thorsten; Sánchez, Antonio

This article discusses the impact of digitalisation on the structure of the European banking system. The recent wave of financial innovation, based on the opportunities created by digitalisation in terms of new products or new services, has come mostly from outside the incumbent banking system....

Persistent link: https://www.econbiz.de/10013342624