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International Monetary Fund / Legal Dept - 2020

This volume comprises a selection of papers prepared in connection with a high-level seminar on Law and Financial Stability held at the IMF in 2016. It examines, from a legal perspective, the progress made in implementing the financial regulatory reforms adopted since the global financial crisis...

Persistent link: https://www.econbiz.de/10015057984

Preventing the Next Financial Crisis

Nier, Erlend - 2016

The financial crisis that began in 2007 brought much of the global economy to its knees and nearly triggered another Great Depression. The financial storm gradually died down in 2009, at least in the United States, but even six years after that, much of the world had yet to fully recover from...

Persistent link: https://www.econbiz.de/10015058026

Central Banks Casting a Global Financial Safety Net : What Drives the Supply of Bilateral Swaps?

Koosakul, Jakree - 2024

The expansion of bilateral swap arrangements (BSAs) since the Global Financial Crisis has led to a substantial reconfiguration of the Global Financial Safety Net (GFSN). This paper examines the drivers of BSA supply using a novel dataset on all publicly documented BSAs. It finds that countries...

Persistent link: https://www.econbiz.de/10015058481

The Riskiness of Credit Origins and Downside Risks to Economic Activity

Raddatz, Claudio - 2024

We construct a country-level indicator capturing the extent to which aggregate bank credit growth originates from banks …, among other determinants. RCO's explanatory power comes from its relationship with asset quality, investor and banking … sector sentiment, as well as future banking sector resilience. Our findings underscore the importance of bank heterogeneity …

Persistent link: https://www.econbiz.de/10015058545

Belgium : Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing

International Monetary Fund / Monetary and Capital … - 2023

-border interconnections are relatively modest. The domestic interbank market reflects low levels of contagion risks for Belgian banks; however … Sector Assessment Program (FSAP) banks solvency stress tests show that the Belgian significant institutions are resilient … show that liquidity levels are comfortable for the system but need to be reinforced for some banks. An additional study …

Persistent link: https://www.econbiz.de/10015058875

Financial Stress and Economic Activity: Evidence from a New Worldwide Index

Ahir, Hites - 2023

This paper uses text analysis to construct a continuous financial stress index (FSI) for 110 countries over each quarter during the period 1967-2018. It relies on a computer algorithm along with human expert oversight and is thus easy to update. The new indicator has a larger country and time...

Persistent link: https://www.econbiz.de/10015058994

Financial Shock Transmission to Heterogeneous Firms: The Earnings-Based Borrowing Constraint Channel

Chiţu, Livia - 2023

We study the heterogeneous impact of jointly identified monetary policy and global risk shocks on corporate funding costs. We disentangle these two shocks in a structural Bayesian Vector Autoregression framework and investigate their respective effects on funding costs of heterogeneous firms...

Persistent link: https://www.econbiz.de/10015059088

Digital Money, Cross-Border Payments, International Reserves, and the Global Financial Safety Net : Preliminary Considerations

Kim, Seunghwan - 2024

The rapid advent of digital money (DM) and assets raises questions about its implications for the functioning of the international monetary system (IMS). The low transaction costs of digital technologies, their accessibility and ease of automation, and their integration into existing digital...

Persistent link: https://www.econbiz.de/10015059116

Colombia : Assessment of Financial Stability

Ogawa, Sumiko - 2023

The financial stability report of the Banco de la República of Colombia (BR) provides broad coverage of macroeconomic environment and the assessment of risks in the financial system. The BR should continue developing data and enhancing forward-looking analytical approaches, sharpen messages on...

Persistent link: https://www.econbiz.de/10015059121

From Extreme Events to Extreme Seasons: Financial Stability Risks of Climate Change in Mexico

Dolk, Michaela - 2023

even if none of the individual events affect the particular region(s) with highest concentrations of banking sector …

Persistent link: https://www.econbiz.de/10015059150