Search Results - subject:"macro prudential"

Balance Sheet Interlinkages and Macro-Financial Risk Analysis in the Euro Area

Kavonius, Ilja Kristian; Castrén, Olli - European Central Bank - 2009

The financial crisis has highlighted the need for models that can identify counterparty risk exposures and shock transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector-level network of bilateral balance sheet exposures and...

Persistent link: https://www.econbiz.de/10008458422

On the origins of the BIS macro-prudential approach to financial stability : Alexandre Lamfalussy and financial fragility

Maes, Ivo - 2009

to financial stability issues. Attention to the "macro-prudential" dimension of financial stability is very typical for … the BIS. The Bank's macro-prudential approach first came to the fore in the 1986 Cross Report. It defined the macro-prudential … Lamfalussy's view, there is thus very much an overlap between the micro- and macro-prudential dimensions of financial stability …

Persistent link: https://www.econbiz.de/10011597170

Calculating systemic risk capital: A factor model approach

Avramidis, Panagiotis; Pasiouras, Fotios - In: Journal of Financial Stability 16 (2015) C, pp. 138-150

We treat the banking system as a traded credit portfolio and calculate systemic risk capital as the amount of capital that insures the portfolio's value against unexpected losses. Using data from the largest global financial institutions, we find evidence of extreme event dependence between...

Persistent link: https://www.econbiz.de/10011208759

Good-Bye financial crash, hello financial eclecticism: Latin American responses to the 2008–09 global financial crisis

Pastor, Manuel; Wise, Carol - In: Journal of International Money and Finance 52 (2015) C, pp. 200-217

1985 saw the publication of Carlos Díaz-Alejandro's classic article, “Good-Bye Financial Repression, Hello Financial Crash” (1985). Writing in the wake of drastic financial blowups in the Southern Cone, Díaz-Alejandro nonetheless argued that “a believable alternative system could be...

Persistent link: https://www.econbiz.de/10011208915

Evaluation of post-GFC policy response of New Zealand : Banking and macro-prudential perspectives

Islam, Syrus M.; Yahanpath, Noel - In: Journal of Financial Regulation and Compliance 23 (2015) 4, pp. 403-414

Purpose – The paper aims to evaluate the role played by a recent banking and macro-prudential regime in addressing the … calibrating it to the unique needs of the economy and is in the process of phasing in several macro-prudential instruments (e … in the banking sector and macro-prudential system that may provide the world with a financial-system warrant of fitness …

Persistent link: https://www.econbiz.de/10014870643

FX funding risks and exchange rate volatility

Ree, Joo Kyung; Yoon, Kyoungsoo; Park, Hail - In: Emerging markets review 25 (2015), pp. 163-175

Persistent link: https://www.econbiz.de/10011538660

Bank funding structures and risk : evidence from the global financial crisis

Vázquez, Francisco; Federico, Pablo - In: Journal of banking & finance 61 (2015), pp. 1-14

Persistent link: https://www.econbiz.de/10011545107

Exchange rate flexibility and credit during capital inflow reversals : purgatory ... not paradise

Magud, Nicolas; Vesperoni, Esteban - In: Journal of international money and finance 55 (2015), pp. 88-110

Persistent link: https://www.econbiz.de/10011475243

Dealing with the Dutch disease : fiscal rules and macro-prudential policies

Garcia-Cicco, Javier; Kawamura, Enrique - In: Journal of international money and finance 55 (2015), pp. 205-239

Persistent link: https://www.econbiz.de/10011475569

The new art of central banking

Chadha, Jagjit - In: National Institute economic review (2015) 234, pp. 27-39

Persistent link: https://www.econbiz.de/10011478625