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Interest Rate Volatility and Risk in Indian Banking

International Monetary Fund (IMF); International … - 2004

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to measure and monitor the interest rate exposure of Indian banks. Using publicly available information, this paper attempts to assess the interest rate risk carried by a sample...

Persistent link: https://www.econbiz.de/10005825648

Quantitative Assessment of a Financial System: Barbados

International Monetary Fund (IMF); International … - 2005

A banking system module is incorporated into the Central Bank of Barbados's multisectoral macroeconomic forecasting …. Stress tests are performed for the first year of the forecast, to test the banking system's resilience to real sector shocks …. The analysis, which would in practice be only part of the vulnerability assessment, indicates that the banking system is …

Persistent link: https://www.econbiz.de/10005825818

Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries

International Monetary Fund (IMF); International … - 1992

A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...

Persistent link: https://www.econbiz.de/10005825950

Financial Sector Reform and Central Banking in Centrally Planned Economies

International Monetary Fund (IMF); International … - 1990

This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition …. These objectives call for a coordinated approach to strengthening a wide range of central banking functions simultaneously …

Persistent link: https://www.econbiz.de/10005826233

Policy Instruments to Lean Against the Wind in Latin America

International Monetary Fund (IMF); International … - 2011

This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments examined include: (i) capital requirements, dynamic provisioning, and leverage ratios; (ii)...

Persistent link: https://www.econbiz.de/10009203551

Dynamic Loan Loss Provisioning; Simulationson Effectiveness and Guide to Implementation

International Monetary Fund (IMF); International … - 2012

This simulation-based paper investigates the impact of different methods of dynamic provisioning on bank soundness and shows that this increasingly popular macroprudential tool can smooth provisioning costs over the credit cycle and lower banksâ€™ probability of default. In addition, the...

Persistent link: https://www.econbiz.de/10011242397

Creditless Recoveries

International Monetary Fund (IMF); International … - 2011

impaired financial intermediation is the culprit. Creditless recoveries are more common after banking crises and credit booms …. Furthermore, sectors more dependent on external finance grow relatively less and more financially dependent activities (such as …

Persistent link: https://www.econbiz.de/10008876578

Fat Tails and their (Un)Happy Endings; Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

International Monetary Fund (IMF); International … - 2011

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim holdersâ€™ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is shown that the correlation bias shifts...

Persistent link: https://www.econbiz.de/10009019569

Can Emerging Market Central Banks Bail Out Banks? A+L4848 Cautionary Tale From Latin America

International Monetary Fund (IMF); International … - 2011

This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse...

Persistent link: https://www.econbiz.de/10009370539

Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?

International Monetary Fund (IMF); International … - 2011

This paper analyzes through what channels the euro crisis has affected firm valuations globally. It examines stock price responses over the past year for 3045 non-financial firms in 16 countries to three key crisis events. Using pre-crisis benchmarks, it separates effects arising from changes in...

Persistent link: https://www.econbiz.de/10009327863