-- Implement a Truly Risk-Adjusted Remuneration System -- Protect Deposits from Trading -- Notes -- CHAPTER 2 A Quarter Century of … filed for bankruptcy. The financial system had become the source of its own instability through a combination of greed …, lousy underwriting, fake ratings and regulatory negligence. From that date, governments tried to put together a new …

scandals have repeatedly and heavily affected the wealth of Italian households during half of a century. The paper deals with … of Argentina, as a rich country, land of immigration and of easy life. Many Italian families are still in touch with … rating agencies had assigned over-generous ratings to the Argentine sovereign debt, as they did later with Parmalat bonds …

’s reliance on foreign capital markets took place during last few decades of the 19th century when Finland enjoyed a wide autonomy … the research the assessments of international capital markets regarding Finland during a period that witnessed profound …The main objective of the study is to evaluate the Finnish central government’s foreign borrowing between the years …

the country�s risk ratings at the centre of the equilibrium shifts. The Economist (February 8th, 2003), though in a … that (1) macro fundamentals were sound in the wake of the crisis (e .g., a non-negligible primary surplus, a relatively low … explosion of dollar-linked public debt service. 1 The package also includes a promise to increase the loan to $30 billion, if …

This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator … Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … between these manifestations of the crisis and a number of its possible causes from 2006 and earlier. The causes we consider …

scandals have repeatedly and heavily affected the wealth of Italian households during half of a century. The paper deals with … of Argentina, as a rich country, land of immigration and of easy life. Many Italian families are still in touch with … rating agencies had assigned over-generous ratings to the Argentine sovereign debt, as they did later with Parmalat bonds …

This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator … Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 107 countries; we focus on national causes and … manifestations of the crisis and a number of its possible causes from 2006 and earlier. We include over sixty potential causes of the …

Tel. (34) 914 290 551. Fax (34) 914 291 056 Internet: www.cemfi.es This paper is a revised version of the … extremely effective consumption smoothing mechanism for countries where the RER shows a high speed of mean reversion. In turn … dollar debt has played a major role in the vulnerability of emerging markets to �nancial crises.1 Eichengreen et.al. 2003 …

default (PD) when calculating the minimum capital requirement using the internal ratings-based approaches. Valid estimates of … the PDs require a considerable amount of data and default observations. Basel II allows for banks to pool their data to … overcome their data shortcomings and a number of international data pooling projects have emerged. Thus even international …

institutions and rules of the game are not themselves a cause of volatility. This paper analyzes proposals to increase stability in … are also the source of unsustainable external debt. Managing volatility thus requires institutions that promote domestic … domestic markets, in international markets, and in the structure of the international financial system from the point of view …