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Systemic Risk and Financial Consolidation : Are they Related?

De Nicoló, Gianni - 2002

We argue that firm interdependencies, as measured by correlations of stock returns, provide an indicator of systemic risk potential. We find a positive trend in stock return correlations net of diversification effects for a sample of U.S. Large and Complex Banking Organizations over 1988-99....

Persistent link: https://www.econbiz.de/10014399710

Stochastic Volatilities and Correlations, Extreme Values and Modeling the Macroeconomic Environment, Under Which Brazilian Banks Operate

Souto, Marcos - 2007

Using monthly data for a set of variables, we examine the out-of-sample performance of various variance/covariance models and find that no model has consistently outperformed the others. We also show that it is possible to increase the probability mass toward the tails and to match reasonably...

Persistent link: https://www.econbiz.de/10014399716

Financial Liberalization, Bank Market Structure, and Financial Deepening : An Interest Margin Analysis

Sarr, Abdourahmane - 2000

greater interest rate competition. Lack of bank deposit market power, including through capital account mobility, may lessen …

Persistent link: https://www.econbiz.de/10014399825

Financial Reforms and Interest Rate Spreads in the Commercial Banking System in Malawi

Chirwa, Ephraim W. - 2002

system in Malawi. The financial reform program commenced in 1989 when both the Reserve Bank Act and the Banking Act were … subsequently introduced in 1990. The adoption of a floating exchange rate in 1994 marked the end of major policy reforms in the … power, high reserve requirements, high central bank discount rate and high inflation …

Persistent link: https://www.econbiz.de/10014399917

Asymmetric Information and the Market Structure of the Banking Industry

Dell'Ariccia, Giovanni - 1998

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather...

Persistent link: https://www.econbiz.de/10014399942

Toward An Effective Supervision of Partially Dollarized Banking Systems

Garcia Pascual, Antonio - 2006

The paper presents a supervisory framework that addresses the vulnerabilities of partially dollarized banking systems. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need supervisory responses. The framework seeks to induce agents...

Persistent link: https://www.econbiz.de/10014399999

Banking Spreads in Latin America

Gelos, Gaston - 2006

bank interest margins in that region using bank and country-level data from 85 countries, including 14 Latin American … intermediation, such as inflation and bank profit taxation …

Persistent link: https://www.econbiz.de/10014400065

State-Owned Banks, Stability, Privatization, and Growth : Practical Policy Decisions in a World without Empirical Proof

Andrews, Michael - 2005

provide guidance to policymakers regarding bank privatization …

Persistent link: https://www.econbiz.de/10014400089

Bank Ownership, Market Structure and Risk

De Nicoló, Gianni - 2007

relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These …,000 bank-year observations for 133 non-industrialized countries during the 1993-2004 period. Four main results obtain. First …, the positive and significant relationship between bank concentration and bank risk of failure found in Boyd, De Nicolò and …

Persistent link: https://www.econbiz.de/10014400121

Financial Globalization and the Governance of Domestic Financial Intermediaries

Tressel, Thierry - 2007

We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows...

Persistent link: https://www.econbiz.de/10014400135