Similar Search Results

Corporate funding and the COVID-19 crisis

Deghi, Andrea; Seneviratne, Dulani; Tsuruga, Tomohiro; … - 2021

This paper assesses whether corporate liquidity needs in the G7 economies were met during the containment phase of the … adversely affected nonfinancial corporate sector cash flows, generating liquidity and solvency pressures. However, corporate … the second quarter. Among listed firms, entities with weaker liquidity or solvency positions before the onset of COVID-19 …

Persistent link: https://www.econbiz.de/10012518978

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

Claessens, Stijn - 2014

Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets...

Persistent link: https://www.econbiz.de/10014411565

The Making of a Continental Financial System : Lessons for Europe from Early American History

Gaspar, Vítor - 2014

Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial...

Persistent link: https://www.econbiz.de/10014411690

What Drives Interest Rate Spreads in Pacific Island Countries? : An Empirical Investigation

Jamaludin, Fazurin - 2015

Growth has been sluggish in Pacific island countries (PICs). High cost of credit is likely one of the reasons. While the small scale, geographic dispersion, and vulnerability to shocks increase the cost and risk of credit in this country group, there is considerable variability in interest rate...

Persistent link: https://www.econbiz.de/10014412097

Financial Linkages Across Korean Banks

Aydin, Burcu - 2011

This paper assesses the interconnectedness across Korean banks using three alternative methodologies. Two methodologies utilize high frequency financial data while the third uses bank balance sheet data to assess banks' bilateral exposures, systemically vulnerable banks, and systemically risky...

Persistent link: https://www.econbiz.de/10014412181

Financial Structures and Economic Outcomes : An Empirical Analysis

Gole, Tom - 2013

This paper investigates the potential relationships between financial structures and economic outcomes. The empirical results that withstand a battery of methods suggest that some financial intermediation structures are likely to be more closely related to positive economic outcomes than others....

Persistent link: https://www.econbiz.de/10014395179

Market-Based Structural Top-Down Stress Tests of the Banking System

Chan-Lau, Jorge A. - 2013

Despite increased need for top-down stress tests of financial institutions, performing them is challenging owing to the absence of granular information on banks’ trading and loan portfolios. To deal with these data shortcomings, this paper presents a market-based structural top-down stress...

Persistent link: https://www.econbiz.de/10014395258

From Stress to Costress : Stress Testing Interconnected Banking Systems

Maino, Rodolfo - 2012

This paper presents an integrated framework for assessing systemic risk. The framework models banks’ capital asset ratios as a function of future losses and credit growth using a generalized method of moments to calibrate shocks to credit quality and credit growth. The analysis is complemented...

Persistent link: https://www.econbiz.de/10014396595

Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects

Espinoza, Raphael A. - 2010

According to a dynamic panel estimated over 1995 - 2008 on around 80 banks in the GCC region, the NPL ratio worsens as economic growth becomes lower and interest rates and risk aversion increase. Our model implies that the cumulative effect of macroeconomic shocks over a three year horizon is...

Persistent link: https://www.econbiz.de/10014397414

Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?

Allard, Julien - 2011

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in particular the more bank-based economies of continental...

Persistent link: https://www.econbiz.de/10014398329