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of financial uncertainty over the period 1969-2008. We find evidence in favor of a systematic response to financial … uncertainty over and above that to expected inflation, output gap, and output growth. However, this evidence regards the Greenspan …
Persistent link: https://www.econbiz.de/10011884396
This paper argues that nonfinancial risk management is an essential element of good governance of central banks. It provides a funnelled analysis, on the basis of selected literature, by (i) presenting an outline of central bank governance in general; (ii) zooming in on internal governance and...
Persistent link: https://www.econbiz.de/10012996067
of financial uncertainty over the period 1969-2008. We find evidence in favor of a systematic response to financial … uncertainty over and above that to expected inflation, output gap, and output growth. However, this evidence regards the Greenspan …
Persistent link: https://www.econbiz.de/10012910624
The failure of a financial institution (banks and microfinance institutions) to meet its payment obligations can have implications, not only for its continuity, but also for the stability of payment systems, markets, and the financial system in general. Central banks, as monetary authorities,...
Persistent link: https://www.econbiz.de/10012887762
This paper studies the detection of outliers in risk indicators based on large value payment system transaction data. The ten risk indicators are daily time series measuring various risks in the large value payment system, such as operational risk, concentration risk and liquidity flows related...
Persistent link: https://www.econbiz.de/10012893107
This article argues that bank supervision sits at the center of two foundational tensions in the governance of American finance. The first is the extent to which the financial system is controlled by public actors (i.e., the government) or private actors (i.e., the banks). The second is the...
Persistent link: https://www.econbiz.de/10014355420
The paper examines whether bank diversification in multiple dimensions can protect bank lending from uncertainty shocks …. We use a panel of Vietnamese commercial banks during 2007 - 2019 for empirical analysis and measure uncertainty in … credit risk amid greater uncertainty. These adverse impacts of uncertainty on bank lending (both quantity and quality) are …
Persistent link: https://www.econbiz.de/10014518590
Persistent link: https://www.econbiz.de/10010441345
The close relationship between governments and their central banks generates risks for both partners. This paper presents an original qualitative empirical approach based on textual analysis of the United States of America, China, and their Central Banks’ respective communications. These...
Persistent link: https://www.econbiz.de/10012520253
We address the question to what extent a central bank can de-risk its balance sheet by unconventional monetary policy operations. To this end, we propose a novel risk measurement framework to empirically study the time-variation in central bank portfolio credit risks associated with such...
Persistent link: https://www.econbiz.de/10011959298