Similar Search Results

Palestine Country Profile : The Road Ahead for Palestine: Financial Policies Issues

Sabri, Nidal Rashid - 2008

witnessed a positive increase in the last ten years. It consisted of four groups: First: The banking system, which includes 22 …

Persistent link: https://www.econbiz.de/10012725401

Bank Supervision Russian Style : Evidence of Conflicts between Micro- and Macro-Prudential Concerns

Claeys, Sophie - 2007

Supervisors sometimes have to manage both the micro- and macro-prudential dimensions of bank stability. These may either conflict or complement each other. We analyze prudential supervision by the Central Bank of Russia (CBR). We find evidence of micro-prudential concerns, measured as the...

Persistent link: https://www.econbiz.de/10012728850

Bank Supervision Russian Style : Evidence of Conflicts Between Micro- and Macro-Prudential Concerns

Claeys, Sophie - 2007

Persistent link: https://www.econbiz.de/10012730781

Bank Supervision Russian Style : Rules Versus Enforcement and Tacit Objectives

Claeys, Sophie - 2007

We focus on the conflict between two central bank objectives - individual bank stability and systemic stability - and the regulatory forbearance that follows from it. We study the licensing policy of the Central Bank of Russia (CBR) during 1999-2002. Banks in highly concentrated bank markets,...

Persistent link: https://www.econbiz.de/10012732085

Leveraged Investor Disclosures and Concentrations of Risk

Ko, K. Jeremy - 2007

We analyze a model where investors (e.g. hedge funds) need to borrow from lenders with heterogeneous risk-exposures. Investors may obtain advantageous terms of borrowing by disclosing their investment strategy, thereby revealing its correlation to the lender's existing risk-exposure. Investors...

Persistent link: https://www.econbiz.de/10012732292

Too Big to Fail after All These Years

Morgan, Donald P. - 2005

The naming of eleven banks as quot;too big to fail (TBTF)quot; in 1984 led bond raters to raise their ratings on new bond issues of TBTF banks about a notch relative to those of other, unnamed banks. The relationship between bond spreads and ratings for the TBTF banks tended to flatten after...

Persistent link: https://www.econbiz.de/10012736032

Banking Reform in China : Catalyzing the Nation's Financial Future

Barth, James R. - 2004

undertaking for China's financial reform over the coming years undeniably will occur in the banking sector. As with the situation … securities. Yet banking in China represents a glaringly fragile component in its economy. Poor lending policies of the past have … to be concerned, would be patently wrong to ignore the tremendous upsides that should accompany China's banking reforms …

Persistent link: https://www.econbiz.de/10012738252

Managing Risks in Financial Market Development : The Role of Sequencing

Karacadag, Cem - 2006

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....

Persistent link: https://www.econbiz.de/10012782999

A Note on Erb and Harvey (2005)

Gorton, Gary B. - 2006

This note is a response to a recent paper by Erb and Harvey (2005). We show that diversification returns are mathematical properties of geometric averages of index returns, and not due to rebalancing. We also show how rebalancing affects the performance of the equal-weighted commodity futures...

Persistent link: https://www.econbiz.de/10012783529

Facts and Fantasies About Commodity Futures

Gorton, Gary B. - 2005

We construct an equally-weighted index of commodity futures monthly returns over the period between July of 1959 and December of 2004 in order to study simple properties of commodity futures as an asset class. Fully-collateralized commodity futures have historically offered the same return and...

Persistent link: https://www.econbiz.de/10012785158