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Central Bank Collateral Frameworks

Central Bank Collateral Frameworks »

Source: Central Bank Collateral Frameworks : Principles and Policies

Volume/Issue: 2008/222

Series: IMF Working Papers

Author(s): Rebecca McCaughrin , Simon Gray , and Alexandre Chailloux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870800

Keywords: Adverse selection, collateral, financial market crises, risk mitigation, credit, repo, pricing, counterparty,

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collater...

Regulation of Withdrawals in Individual Account Systems

Regulation of Withdrawals in Individual Account Systems »

Source: Regulation of Withdrawals in Individual Account Systems

Volume/Issue: 1999/153

Series: IMF Working Papers

Author(s): Jan Walliser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1999

ISBN: 9781451857139

Keywords: annuity, pension reform, individual accounts, retirement, pension, adverse selection, retirement income, annuities markets

Funded mandatory pension systems based on individual accounts are spreading around the world. With the maturation of these systems, regulating the withdrawal of retirement savings will become increasingly important...

Bank Risk Within and Across Equilibria1

Bank Risk Within and Across Equilibria1 »

Source: Bank Risk Within and Across Equilibria

Volume/Issue: 2014/116

Series: IMF Working Papers

Author(s): Itai Agur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2014

ISBN: 9781498306515

Keywords: Bank risk, Wholesale funding, Adverse selection, Multiple equilibria, banking, systemic risk, bank exposures, bank funding,

The global financial crisis highlighted that the financial system can be most vulnerable when it seems most stable. This paper models non-linear dynamics in banking. Small shocks can lead from an equilibrium with f...

Overcoming Barriers to Reform

Overcoming Barriers to Reform »

Source: Overcoming Barriers to Reform : On Incentive-Compatible International Assistance

Volume/Issue: 2007/231

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

ISBN: 9781451867954

Keywords: international assistance, incentives, optimal contracts, special interest groups, adverse selection, sovereign default, political instability, interest, interest group, repayment

International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, ba...

Central Bank Collateral Frameworks
			: Principles and Policies

Central Bank Collateral Frameworks : Principles and Policies »

Volume/Issue: 2008/222

Series: IMF Working Papers

Author(s): Rebecca McCaughrin , Simon Gray , and Alexandre Chailloux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

DOI: http://dx.doi.org/10.5089/9781451870800.001

ISBN: 9781451870800

Keywords: Adverse selection, collateral, financial market crises, risk mitigation, credit, repo, pricing, counterparty,

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collater...

Regulation of Withdrawals in Individual Account Systems

Regulation of Withdrawals in Individual Account Systems »

Volume/Issue: 1999/153

Series: IMF Working Papers

Author(s): Jan Walliser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1999

DOI: http://dx.doi.org/10.5089/9781451857139.001

ISBN: 9781451857139

Keywords: annuity, pension reform, individual accounts, retirement, pension, adverse selection, retirement income, annuities markets

Funded mandatory pension systems based on individual accounts are spreading around the world. With the maturation of these systems, regulating the withdrawal of retirement savings will become increasingly important...

Bank Risk Within and Across Equilibria

Bank Risk Within and Across Equilibria »

Volume/Issue: 2014/116

Series: IMF Working Papers

Author(s): Itai Agur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2014

DOI: http://dx.doi.org/10.5089/9781498306515.001

ISBN: 9781498306515

Keywords: Bank risk, Wholesale funding, Adverse selection, Multiple equilibria, banking, systemic risk, bank exposures, bank funding,

The global financial crisis highlighted that the financial system can be most vulnerable when it seems most stable. This paper models non-linear dynamics in banking. Small shocks can lead from an equilibrium with f...

Overcoming Barriers to Reform
			: On Incentive-Compatible International Assistance

Overcoming Barriers to Reform : On Incentive-Compatible International Assistance »

Volume/Issue: 2007/231

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

DOI: http://dx.doi.org/10.5089/9781451867954.001

ISBN: 9781451867954

Keywords: international assistance, incentives, optimal contracts, special interest groups, adverse selection, sovereign default, political instability, interest, interest group, repayment

International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, ba...