Showing 95,041 - 95,050 of 95,383
supervision, financial crises, and economic development, mainly because of the lack of comparable measures to describe regulatory … regulatory and supervisory framework in affecting financial fragility and economic performance …
Persistent link: https://www.econbiz.de/10014401128
To cope with the self-fulfilling liquidity runs that triggered many recent financial crises, we propose the creation of …
Persistent link: https://www.econbiz.de/10014401142
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new … comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an … algorithm to identify booms and busts in stock market prices. Our results indicate that financial liberalization is followed by …
Persistent link: https://www.econbiz.de/10014404015
The main objective of this paper is to propose a definition of financial stability that has some practical and … operational relevance. Financial stability is defined in terms of its ability to facilitate and enhance economic processes, manage … risks, and absorb shocks. Moreover, financial stability is considered a continuum: changeable over time and consistent with …
Persistent link: https://www.econbiz.de/10014404029
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and …-related finance declined sharply. However, trade may also be affected by other variables such as world demand, domestic demand … constrained trade finance on trade flows, we estimate import and export volume equations including explicitly trade financing as …
Persistent link: https://www.econbiz.de/10014404046
We construct a financial vulnerability indicator that is consistent with the theoretical literature on determinants of … does a country''s financial vulnerability. The indicator has a higher correlation with default episodes than other …
Persistent link: https://www.econbiz.de/10014404071
We measure bank vulnerability in emerging markets using the distance-to-default, a risk-neutral indicator based on Merton''s (1974) structural model of credit risk. The indicator is estimated using equity prices and balance-sheet data for 38 banks in 14 emerging market countries. Results show it...
Persistent link: https://www.econbiz.de/10014404081
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This paper is … discussion of stress testing in a financial system context, highlighting some of the differences between stress tests of systems … Financial Sector Assessment Program (FSAP) is also discussed …
Persistent link: https://www.econbiz.de/10014404089
Foreign banks have greatly increased their presence in emerging market countries in recent years. This paper compares the performance of domestic banks and a long-established group of foreign banks during the recent crisis in Malaysia. We find that the sharpest differences are between banks...
Persistent link: https://www.econbiz.de/10014404093
This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing …
Persistent link: https://www.econbiz.de/10014404095