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United States; Publication of Financial Sector Assessment Program Documentation: Technical Note on Regulatory Reform: OTC Derivatives

International Monetary Fund (IMF); International … - 2010

OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution...

Persistent link: https://www.econbiz.de/10011243391

Equity Prices, Credit Default Swaps, and Bond Spreads in Emerging Markets

Chan-Lau, Jorge A.; Kim, Yoon Sook - International Monetary Fund (IMF) - 2004

This paper examines equilibrium price relationships and price discovery between credit defaul swap (CDS), bond, and … equity markets for emerging market sovereign issuers. Findings suggest that CDS and bond spreads converge despite various … bond and CDS markets and the equity markets. As for price discovery, our results are mixed. This stands in contrast to the …

Persistent link: https://www.econbiz.de/10005605007

Mexico; Staff Report for the 2012 Article IV Consultation

International Monetary Fund (IMF); International … - 2012

The IMF staff report on Mexicoâ€™s financial policies has been satisfactory; these policies have been said to act as a buffer against risks that erupted during the global economic crisis. Mexico has been identified as a prudent and fairly well-managed economy. However, the issues that would...

Persistent link: https://www.econbiz.de/10011242784

Bond Markets in Africa

Mu, Yibin; Phelps, Peter; Stotsky, Janet Gale - International Monetary Fund (IMF) - 2013

African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries … corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government … securities market and corporate bond market capitalization. Government securities market capitalization is directly related to …

Persistent link: https://www.econbiz.de/10010790374

Republic of Korea; 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director...

International Monetary Fund (IMF); International … - 2009

This 2009 Article IV Consultation highlights that like other open economies, Korea was hard hit by the global financial crisis during the last quarter of 2008. The authorities responded with a timely and comprehensive set of financial market and macrostabilization measures. Executive Directors...

Persistent link: https://www.econbiz.de/10011243917

United States; 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2007

This 2007 Article IV Consultation highlights that following an extended boom led by strong domestic demand, the slowdown in the United States has largely reflected a drag from residential investment as the housing market has weakened substantially. Unexpected weakness in business investment and...

Persistent link: https://www.econbiz.de/10011244797

Emerging Issues in Banking Regulation

Sharma, Sunil; Chami, Ralph; Khan, Mohsin S. - International Monetary Fund (IMF) - 2003

The paper provides an overview of the profound and rapid changes in banking brought about by technology and deregulation, and discusses the hurdles that will have to be negotiated for putting in place the three pillars-capital adequacy rules, supervision, and market discipline-of the bank...

Persistent link: https://www.econbiz.de/10005768980

Capital Account Liberalization and Risk Management in India

Sy, Amadou N. R. - International Monetary Fund (IMF) - 2007

This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC). The paper contributes to the debate on FCAC in two ways. First, it reviews the potential and existing...

Persistent link: https://www.econbiz.de/10005604788

Hungary; Fifth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criterion

International Monetary Fund (IMF); International … - 2010

This paper discusses key findings of the Fifth Review Under the Stand-By Arrangement for Hungary. All end-December 2009 quantitative performance criteria, the continuous performance criterion on nonaccumulation of external arrears, and the indicative target on central government debt were met....

Persistent link: https://www.econbiz.de/10011245397

Switzerland; Financial System Stability Assessment Update

International Monetary Fund (IMF); International … - 2007

This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals that current domestic macroeconomic and financial sector conditions are favorable, and the main downside risks to the financial sector are external. Stress tests confirm the...

Persistent link: https://www.econbiz.de/10011242586