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An Incentive Approach to Identifying Financial System Vulnerabilities
Author:
Ms. Jingqing Chai
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Mr. R. B. Johnston
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Series:
IMF Working Papers
Volume/Issue:
Volume 2000: Issue 211
Language:
English
Publication Date:
01 Dec 2000
DOI:
https://doi.org/10.5089/9781451874839.001
ISBN:
9781451874839
ISSN:
1018-5941
Pages:
20
Keywords:
WP; bank; financial system; adverse selection; market; borrower; asymmetric information; market structure; incentive assessments; adverse selection problem; core operation; loan portfolio; financial system vulnerability; incentive assessment; bank closure; depositors of bank; market discipline; banks' behavior; banks' loan portfolio; risk borrower; Moral hazard; Financial sector risk; Legal support in revenue administration; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives. This approach highlights the need for additional research on the relationship between institutional structures and financial vulnerabilities.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund