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Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America

Tovar, Camilo Ernesto - 2012

Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...

Persistent link: https://www.econbiz.de/10013102264

Resolution Frameworks for Islamic Banks

Awadzi, Elsie Addo - 2016

Board's ('FSB') Key Attributes of Effective Resolution Regimes for Financial Institutions. This paper examines the … applicability of the Key Attributes to the resolution of Islamic banks. It concludes that a number of issues would need to be … design of robust Shari`ah -compliant resolution frameworks for jurisdictions with Islamic banks …

Persistent link: https://www.econbiz.de/10012999748

Revisiting the Stabilization Role of Public Banks : Public Debt Matters

Ture, H. Elif - 2021

This paper revisits the stabilization role of public banks and analyzes whether weak public finances may hinder this role. During the global financial crisis (GFC), public banks were widely used to counter the private credit crunch and prop up the economy. Using cross-country bank-level data for...

Persistent link: https://www.econbiz.de/10013243047

The Regulatory Responses to the Global Financial Crisis : Some Uncomfortable Questions

Claessens, Stijn - 2014

We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into...

Persistent link: https://www.econbiz.de/10013055666

Legal Protection : Liability and Immunity Arrangements of Central Banks and Financial Supervisors

Khan, Ashraf - 2018

This paper argues that central bank legal protection contributes to safeguarding a central bank and its financial supervisor's independence, especially for conducting monetary and financial stability policy. However, such legal protection also entails enhanced accountability. To this end, the...

Persistent link: https://www.econbiz.de/10012912490

Building Blocks for Effective Macroprudential Policies in Latin America : Institutional Considerations

Jácome, Luis Ignacio - 2012

An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in...

Persistent link: https://www.econbiz.de/10013098622

Surging Capital Flows to Emerging Asia : Facts, Impacts, and Responses

Balakrishnan, Ravi - 2012

Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the most recent surge to Asian emerging markets from a historical perspective and...

Persistent link: https://www.econbiz.de/10013102274

How Effective are Macroprudential Policies in China?

Wang, Bin - 2013

This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is reflected as credit and asset price risks, while the latter is...

Persistent link: https://www.econbiz.de/10013082932

Managing Non-Core Liabilities and Leverage of the Banking System : A Building Block for Macroprudential Policy Making in Korea

Alichi, Ali - 2012

Korea has been active in implementing targeted macroprudential policies to address specific financial stability concerns. In this paper, we develop a conceptual model that could serve as a building block for the broader framework of macroprudential policy making in Korea. It is assumed that the...

Persistent link: https://www.econbiz.de/10013111388

High Liquidity Creation and Bank Failures

Fungáčová, Zuzana - 2015

We formulate the “High Liquidity Creation Hypothesis” (HLCH) that a proliferation in the core activity of bank liquidity creation increases failure probability. We test the HLCH in the context of Russian banking, which provides a natural field experiment due to numerous failures experienced...

Persistent link: https://www.econbiz.de/10013021779