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Business and Economics > Insurance

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Banks and banking, Central x
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Cover IMF Staff Country Reports
United Kingdom: Financial Sector Assessment Program-Review of the Bank of England’s Liquidity Provision Framework-Technical Note
International Monetary Fund. Monetary and Capital Markets Department
This paper provides a review of the liquidity provision framework and recent developments in the United Kingdom. The Bank of England’s (BoE’s) Sterling Monetary Framework is the mechanism used in the United Kingdom to direct liquidity provision. The BoE’s relatively wide-ranging and accessible liquidity insurance framework raises three key questions and four other issues relevant to financial stability. The quantification of implications of the liquidity framework for the BoE balance sheet is still a work in progress. Safeguards are generally sufficient, although the BoE should ensure that lower level of supervisory scrutiny directed at small- and medium-sized enterprises does not adversely impact its horizon-scanning for firms at risk of requiring liquidity support.
Keywords:
ISCR; CR; central bank; Bank.; ELA; swap line; liquidity insurance framework; BoE sterilization operation; horizon-scanning function; BoE base rate; ELA framework; Liquidity; Insurance; Lender of last resort; Foreign currency liquidity; Liquidity risk; Global
Cover IMF Staff Country Reports
Republic of Kosovo: Financial System Stability Assessment
International Monetary Fund. Monetary and Capital Markets Department
This article summarizes the financial performance and crisis management of the Republic of Kosovo. Kosovo’s economic condition shows stability in systematic risks, but it also has vulnerabilities. Kosovo banks are exposed to macrofinancial risks because of its open economy, but the Central Bank of the Republic of Kosovo (CBK) has immensely promoted the growth and stability of the banking sector. CBK should also monitor certain interest rates, tax rates, and foreign rates. The current system should allow the growth of microfinance institutions to reach the competition in the global banking sector.
Keywords:
ISCR; CR; central bank; return on equity; financial system; bank assets; interest rate; reserve fund; banking system; Commercial banks; Lender of last resort; Loans; Insurance companies; Insurance; Europe; Global
Cover IMF Working Papers
Managing Systemic Liquidity Risk in Financially Dollarized Economies
Mr. Eduardo Levy Yeyati
,
Mr. Alain Ize
, and
Miguel A. Kiguel
This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by central bank lending of last resort (LOLR), the authors favor decentralized liquid foreign asset requirements on dollar deposits, supplemented by a scheme of "circuit breakers." The latter combines the use of limited dollar liquidity to ensure the convertibility of transactional deposits with a mechanism that automatically limits the convertibility of dollar term deposits once triggered by a predetermined decline in banks' liquidity.
Keywords:
WP; dollar LOLR; liquidity holding; LOLR facility; dollar deposit; dollar liquidity; liquidation cost; Dollarization; Systemic Liquidity; Banking Crises; bank resolution system; dollar bank; bank liquidation cost; peso bank; bank resolution mechanism; liquidity levels bank; Liquidity; Commercial banks; Lender of last resort; Insurance; Correspondent banking; Europe; Africa
Cover Deposit Insurance
Deposit Insurance
Actual and Good Practices
Ms. G. G. Garcia

Abstract

This paper demonstrates a well-designed deposit guarantee system can strengthen incentives for owners, managers, depositors and other creditors, borrowers, regulators and supervisors, and politicians. Borrowers should be aware that they will have to repay their loans if their bank fails and will be encouraged to keep their loans current where offsetting is limited to past-due loans. The performance of insurers, regulators, and supervisors as agents will improve where they know that they can take justifiable actions without political interference and will be held accountable for their actions to their principals. Despite the improvements, and possibly partly because there are issues in deposit insurance design that remain to be resolved, financial crises have been prevalent during the 1990s. This situation has forced a number of countries to offer a blanket guarantee to restore confidence and to allow the continued functioning of the financial system while the authorities take time to design a plan for the resolution of the crisis.

Keywords:
OP; deposit; insurance system; deposit guarantee; guarantee; country; importance to the economy; lender-of-last-resort facilities; insurance agency; Deposit insurance; Commercial banks; Bank deposits; Systemic crises; Lender of last resort; Europe; Middle East; Asia and Pacific; Africa; Global