Cerutti, Eugenio; Schmieder, Christian - International Monetary Fund (IMF) - 2012
weakness is that they omit potential risks embedded in the banking groups’ geographical structures by assuming that capital … differ across countries (e.g., minimum capital requirements), and, more importantly, that home/host regulators might limit … flows of capital or liquidity within a group during periods of stress. This study presents a framework on how to integrate …