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This paper reviews tools used to identify and measure interconnectedness and raises the awareness of policymakers as to … potential cross-sectional implications of prudential tools aimed at controlling interconnectedness. The paper examines two sets … of tools—developed at the IMF and externally—to identify the implications of interconnectedness in systemic risk and how …
Persistent link: https://www.econbiz.de/10011242274
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10010266048
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10008533993
Theoretical and empirical contributions of some economists have shown that a financial liberalisation policy implemented in a less developed institutional environment enhances the proliferation of banking crises. This leads to the conclusion that failure at the level of banking governance plays...
Persistent link: https://www.econbiz.de/10008677172
Systemic risk among the network of international banking groups arises when financial stress threatens to crisscross many national boundaries and expose imperfect international coordination. To assess this risk, we consider three decades of data on the cross-border interbank market. We use...
Persistent link: https://www.econbiz.de/10011118080
We analyze the global banking network using data on cross-border banking flows for 184 countries during 1978–2010. We find that the density of the global banking network defined by these flows is pro-cyclical, expanding and contracting with the global cycle of capital flows. We also find that...
Persistent link: https://www.econbiz.de/10010664237
The current paper analyses the latest measures taken by the main European governing bodies with regard to the banking supervision across the European Monetary Union (EMU) following the ‘sovereign debt crisis’ phenomenon and its continuing effects throughout the Euro zone for the last five...
Persistent link: https://www.econbiz.de/10012017227
interconnectedness in different instrument categories before the financial crisis hit in 2007, and a sharp retrenchment from bilateral …
Persistent link: https://www.econbiz.de/10011605555
Die Europäische Zentralbank (EZB) hat im Zuge der europäischen Schuldenkrise in den vergangenen Jahren massiv an Bedeutung gewonnen. Der sich zuspitzende Verlauf der Krise vor allem in den südlichen Ländern des Euroraums zwang die EZB zu Maßnahmen, die die geldpolitischen Aktivitäten einer...
Persistent link: https://www.econbiz.de/10010369560