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The Accountability of Financial Sector Supervisors

The Accountability of Financial Sector Supervisors »

Source: The Accountability of Financial Sector Supervisors : Principles and Practice

Volume/Issue: 2005/51

Series: IMF Working Papers

Author(s): Michael Taylor , Marc Quintyn , and Eva Hüpkes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860702

Keywords: Financial regulation, regulatory agencies, public administration accountability, banking, financial system, financial services, financial sector, financial institutions, General Financial Markets: Government Policy and Regulation, Financial Institutions and Services: Government Policy and Regulation

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives ope...

African Banks Need More Lending Nerve, Says Author

African Banks Need More Lending Nerve, Says Author »

Source: IMF Survey, Volume 36 Issue 06

Volume/Issue: 36/6

Series: IMF Survey

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2007

ISBN: 9781451938319

Keywords: international monetary fund, financial globalization, development bank, macroeconomic management

Spring Meetings preview, world outlook, global financial stability, U.S. subprime mortgages, labor globalization, external imbalances, IMF and Africa, wage bill ceilings, policy support instrument, modernizing IMF...

Apocalypse then

Apocalypse then »

Source: Apocalypse then : The Evolution of the North Atlantic Economy and the Global Crisis

Volume/Issue: 2011/212

Series: IMF Working Papers

Author(s): Trung Bui , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463902308

Keywords: Financial linkages, financial regulation, banking, bonds, bond, banking systems, financial market, Financial Aspects of Economic Integration, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation, General Financial Markets: Government Policy and Regulation,

The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire...

Asian Economic Outlook: Asian Growth to Remain Strong at More than 7 Percent

Asian Economic Outlook: Asian Growth to Remain Strong at More than 7 Percent »

Source: IMF Survey, Volume 36 Issue 07

Volume/Issue: 36/7

Series: IMF Survey

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2007

ISBN: 9781451938357

Keywords: international monetary fund, financial globalization, development bank, macroeconomic management

Spring Meetings focus on global growth, imbalances; IMFC communique; economic outlooks for Western Hemisphere, sub-Saharan Africa, Asia, and Europe; Aid for Lebanon's recovery; United Kingdom reaps fruits of reform...

Assessing Financial System Vulnerabilities

Assessing Financial System Vulnerabilities »

Source: Assessing Financial System Vulnerabilities

Volume/Issue: 2000/76

Series: IMF Working Papers

Author(s): R. Johnston , Liliana Schumacher , and Jingqing Chai

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2000

ISBN: 9781451849868

Keywords: asymmetric information, incentive structure, risk models, financial system vulnerabilities, financial system, financial institutions, incentive structures, deposit insurance

Recent financial crises have highlighted the potentially significant macroeconomic costs of financial system instability, and the potential for the instability in the financial system of one country to have broader...

Asset Mispricing Due to Cognitive Dissonance

Asset Mispricing Due to Cognitive Dissonance »

Source: Asset Mispricing Due to Cognitive Dissonance

Volume/Issue: 2005/9

Series: IMF Working Papers

Author(s): Bernhard Eckwert , and Burkhard Drees

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

ISBN: 9781451860283

Keywords: Asset pricing, behavioral finance, cognitive dissonance, investors, stock prices, stock market, stock price, financial economics,

The behavior of equity prices is analyzed in a general equilibrium model where agents have preferences not only over consumption but also (implicitly) over their beliefs. To alleviate cognitive dissonance, investor...

Bankruptcy and Firm Dynamics

Bankruptcy and Firm Dynamics »

Source: Bankruptcy and Firm Dynamics : The Case of the Missing Firms

Volume/Issue: 2010/41

Series: IMF Working Papers

Author(s): Jose Daniel Rodríguez-Delgado

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451962932

Keywords: firm dynamics, financial constraints, bond, probability, equation, bond price, statistics,

Financial frictions have been documented as an important determinant of firm dynamics. In this paper I model bankruptcy procedures, liquidation in particular, as an institutional feature that affects both sides of...

Banks As Coordinators of Economic Growth

Banks As Coordinators of Economic Growth »

Source: Banks As Coordinators of Economic Growth

Volume/Issue: 2006/264

Series: IMF Working Papers

Author(s): Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

ISBN: 9781451865240

Keywords: Bank-oriented financial system, bank control, firm group, interbank market, deposit rate, bond, banking, financial system, Noncooperative Games, Exchange and Production Economies

This paper formally identifies an important role of banks: Banks competitively internalize production externalities and facilitate economic growth. I formulate a canonical growth model with externalities as a game...

The Bright and the Dark Side of Cross-Border Banking Linkages

The Bright and the Dark Side of Cross-Border Banking Linkages »

Source: The Bright and the Dark Side of Cross-Border Banking Linkages

Volume/Issue: 2011/186

Series: IMF Working Papers

Author(s): Sònia Muñoz , Ryan Scuzzarella , and Martin Cihak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781462309269

Keywords: banking stability, network analysis, banking, banking crisis, banking sector, banking system, Financial Institutions and Services: Government Policy and Regulation, Financial Aspects of Economic Integration,

When a country's banking system becomes more linked to the global banking network, does that system get more or less prone to a banking crisis? Using model simulations and econometric estimates based on a world-wid...

Co-Movements in Long-Term Interest Rates and the Role of PPP-Based Exchange Rate Expectations

Co-Movements in Long-Term Interest Rates and the Role of PPP-Based Exchange Rate Expectations »

Source: Co-Movements in Long-Term Interest Rates and the Role of PPP-Based Exchange Rate Expectations

Volume/Issue: 1999/81

Series: IMF Working Papers

Author(s): Klaas Knot , and Jan Berk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1999

ISBN: 9781451850345

Keywords: interest parity relations, exchange rate expectations, exchange rate, bond, bond yields, exchange rates

This paper investigates international co-movement in bond yields by testing for uncovered interest parity (UIP). Existing work is supplemented by focusing on long instead of short-term interest rates and by employi...