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Assessing Countries’ Financial Inclusion Standing - A New Composite Index
Goran Amidžić; Massara, Alexander; Mialou, André - International Monetary Fund (IMF) - 2014
undertaken by central banks both in advanced and developing countries to promote financial inclusion. The issue has also …
Persistent link: https://www.econbiz.de/10011142035
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Risk Exposures and Financial Spillovers in Tranquil and Crisis Times; Bank-Level Evidence
Poirson, Hélène; Schmittmann, Jochen M. - International Monetary Fund (IMF) - 2013
is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity … indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … risk, specifically, has been steadily rising since 2008. Banks that are reliant on wholesale funding, have weaker capital …
Persistent link: https://www.econbiz.de/10011242342
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Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis
Bayoumi, Tamim; Bhatia, Ashok Vir - International Monetary Fund (IMF) - 2012
banks was the fatal link between the collapse of structured finance and the global malfunction of funding markets that …
Persistent link: https://www.econbiz.de/10010790365
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Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe
Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - International Monetary Fund (IMF) - 2013
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...
Persistent link: https://www.econbiz.de/10010790428
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The Redistributive Effects of Financial Deregulation
Korinek, Anton; Kreamer, Jonathan - International Monetary Fund (IMF) - 2013
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However,...
Persistent link: https://www.econbiz.de/10010790433
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Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences
International Monetary Fund (IMF); International … - 2011
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
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The Economic Crisis; Did Financial Supervision Matter?
Quintyn, Marc; Pansini, Rosaria Vega; Masciandaro, Donato - International Monetary Fund (IMF) - 2011
The Asian financial crisis marked the beginning of worldwide efforts to improve the effectiveness of financial supervision. However, the crisis that started in 2007?08 was a crude awakening: several of these improvements seemed unable to avoid or mitigate the crisis. This paper brings the first...
Persistent link: https://www.econbiz.de/10009370541
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The Eurozone Crisis; How Banks and Sovereigns Came to Be Joined At the Hip
Sandri, Damiano; Mody, Ashoka - International Monetary Fund (IMF) - 2011
We use the rise and dispersion of sovereign spreads to tell the story of the emergence and escalation of financial tensions within the eurozone. This process evolved through three stages. Following the onset of the Subprime crisis in July 2007, spreads rose but mainly due to common global...
Persistent link: https://www.econbiz.de/10009370546
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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
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A Framework for Financial Market Development
Chami, Ralph; Sharma, Sunil; Fullenkamp, Connel - International Monetary Fund (IMF) - 2009
The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity providers, and...
Persistent link: https://www.econbiz.de/10008528687