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Risk-return efficiency, financial distress risk, and bank financial strength ratings
Hua, Changchun; Liu, Li-gang - 2010
This paper investigates whether there is any consistency between banks' financial strength ratings (bank rating) and their risk-return profiles. It is expected that banks with high ratings tend to earn high expected returns for the risks they assume and thereby have a low probability of...
Persistent link: https://www.econbiz.de/10010286128
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Regulating systemic risk
Kawai, Masahiro; Pomerleano, Michael - 2010
The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of the approach taken so far to crisis prevention. The paper argues that financial crises can be prevented, as they build up over time due to policy mistakes and eventually erupt...
Persistent link: https://www.econbiz.de/10010286137
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The financial crisis, rethinking of the global financial architecture, and the trilemma
Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2010
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10010286160
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Financial inclusion and financial stability: Current policy issues
Hannig, Alfred; Jansen, Stefan - 2010
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters' and national regulators' response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10010286171
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Exchange rates and global rebalancing
Eichengreen, Barry; Rua, Gisela - 2011
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10010286173
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Trade in services and human development: A first look at the links
Shepherd, Ben; Pasadilla, Gloria - 2011
Some services directly produce outputs that are important for human development, such as basic human services. Many other services are important inputs into the production and distribution of goods that are necessary for human development purposes. A more efficient services sector should mean...
Persistent link: https://www.econbiz.de/10010286182
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Foreign direct investment in cross-border infrastructure projects
Fung, Kwok-Chiu; Garcia-Herrero, Alicia; Ng, Francis - 2011
In this paper we critically review the relevant information and literature that can enhance the feasibility and the successful implementation of cross-border infrastructure projects. We provide detailed information concerning foreign direct investment in the major emerging regions: East Asia and...
Persistent link: https://www.econbiz.de/10010286183
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Asia's role in the global economic architecture
Kawai, Masahiro; Petri, Peter A. - 2010
governance will also require changes in key global organizations - such as the International Monetary Fund, World Bank, World … with overlapping ownership structures in various functional areas (as is already the case with the World Bank and regional …
Persistent link: https://www.econbiz.de/10010286186
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Financial development: A broader perspective
Reid, Richard - 2010
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …
Persistent link: https://www.econbiz.de/10010286191
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Emerging contours of financial regulation: Challenges and dynamics
Mohan, Rakesh - 2011
In 2008 - 09 the world experienced the most severe financial and economic crisis since the Great Depression. The global …
Persistent link: https://www.econbiz.de/10010286192