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Cihák, Martin; Decressin, Jörg - International Monetary Fund (IMF) - 2007

regimes--a European Banking Charter (EBC)--could harness market forces to establish a level playing field for financial sector …

Persistent link: https://www.econbiz.de/10005825634

Are More Competitive Banking Systems More Stable?

Cihák, Martin; Wolfe, Simon; Schaeck, Klaus - International Monetary Fund (IMF) - 2006

competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure … for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone …

Persistent link: https://www.econbiz.de/10005825680

Distress in European Banks; An Analysis Basedon a New Dataset

Poghosyan, Tigran; Cihák, Martin - International Monetary Fund (IMF) - 2009

of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sound banks …

Persistent link: https://www.econbiz.de/10005826186

The Bright and the Dark Side of Cross-Border Banking Linkages

Muñoz, Sònia; Scuzzarella, Ryan; Cihák, Martin - International Monetary Fund (IMF) - 2011

When a country's banking system becomes more linked to the global banking network, does that system get more or less … prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M …-shaped relationship between financial stability of a country's banking sector and its interconnectedness. In particular, for banking …

Persistent link: https://www.econbiz.de/10009203546

Financial Stability Reports:What Are they Good for?

Muñoz, Sònia; Jahjah, Samir; Cihák, Martin; … - International Monetary Fund (IMF) - 2012

The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial stability reports be part of it. We examine the recent experience with central banks' financial...

Persistent link: https://www.econbiz.de/10009401194

Of Runes and Sagas; Perspectiveson Liquidity Stress Testing Using An Iceland Example

Cihák, Martin; Ong, Li L. - International Monetary Fund (IMF) - 2010

The global financial crisis revealed weaknesses in the stress testing exercises performed on financial institutions and systems around the world. These failures were most evident in the area of liquidity risk, where now-obvious vulnerabilities were left largely undetected, with stress tests...

Persistent link: https://www.econbiz.de/10008560436

The Need for Special Resolution Regimes for Financial Institutions; The Case of theeuropean Union

Cihák, Martin; Nier, Erlend - International Monetary Fund (IMF) - 2009

The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed...

Persistent link: https://www.econbiz.de/10008528635

Who Disciplines Bank Managers?

Maechler, Andrea M.; Schaeck, Klaus; Cihák, Martin; … - International Monetary Fund (IMF) - 2009

We bring to bear a hand-collected dataset of executive turnovers in U.S. banks to test the efficacy of market discipline in a 'laboratory setting' by analyzing banks that are less likely to be subject to government support. Specifically, we focus on a new face of market discipline: stakeholders'...

Persistent link: https://www.econbiz.de/10008497599

How Well Do Aggregate Bank Ratios Identify Banking Problems?

Cihák, Martin; Schaeck, Klaus - International Monetary Fund (IMF) - 2007

The paper provides an empirical analysis of aggregate banking system ratios during systemic banking crises. Drawing … discriminate between sound and unsound banking systems. We also estimate a duration model to investigate whether the ratios help … determine the timing of a banking crisis. Despite some weaknesses in the available data, our findings offer initial evidence …

Persistent link: https://www.econbiz.de/10005768721

Isone Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision

Cihák, Martin; Podpiera, Richard - International Monetary Fund (IMF) - 2006

Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and...

Persistent link: https://www.econbiz.de/10005768792