Building Strong Banks Through Surveillance And Resolution

Author : Mr. Charles Enoch,Mr. David Marston,Mr. Michael Taylor
Publisher : International Monetary Fund
Page : 404 pages
File Size : 53,7 Mb
Release : 2002-09-18
Category : Business & Economics
ISBN : 9781455236664

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Building Strong Banks Through Surveillance and Resolution by Mr. Charles Enoch,Mr. David Marston,Mr. Michael Taylor Pdf

Since the mid-1990s, economic observers have kept a watchful eye on the financial sector because of its potential to spark economic crises. Banks in particular have come under close scrutiny. Building Strong Banks through Surveillance and Resolution offers guidance on setting up regulatory and supervisory regimes that can help to prevent crises, and on dealing with turmoil, should a crisis erupt. The book contains a collection of essays-drawn from practical experience-on a wide range of issues germane to bolstering the banking and financial sector, including developing adequate standards for loan classification, and provisioning and promoting deep and liquid money markets. The government’s lender-of-last-resort function, resolution and recapitalization of failed banks, organizing an effective regulatory framework, and moral hazard are all covered in this volume, whose strong practical flavor grows out of the authors’close involvement with these issues.

Author : Mr.Charles Enoch,Mr.Dewitt Marston,Mr.Michael Taylor
Publisher : International Monetary Fund
Page : 404 pages
File Size : 54,5 Mb
Release : 2002-09-18
Category : Business & Economics
ISBN : 1589060431

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Building Strong Banks Through Surveillance and Resolution by Mr.Charles Enoch,Mr.Dewitt Marston,Mr.Michael Taylor Pdf

Since the mid-1990s, economic observers have kept a watchful eye on the financial sector because of its potential to spark economic crises. Banks in particular have come under close scrutiny. This book offers guidance on setting up regulatory and supervisory regimes that can help to prevent crises, and on dealing with turmoil, should a crisis erupt. It contains a collection of essays on a wide range of issues useful to bolstering the banking and financial sector.

Author : Ronald Davis,Stephan Madaus,Monica Marcucci,Irit Mevorach,Riz Mokal,Barbara Romaine,Janis Sarra,Ignacio Tirado
Publisher : Oxford University Press
Page : 467 pages
File Size : 41,8 Mb
Release : 2023-08-25
Category : Law
ISBN : 9780192882530

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Financial Institutions in Distress by Ronald Davis,Stephan Madaus,Monica Marcucci,Irit Mevorach,Riz Mokal,Barbara Romaine,Janis Sarra,Ignacio Tirado Pdf

Political boundaries are often porous to finance, financial intermediation, and financial distress. Yet they are highly impervious to financial regulation. When inhabitants of a country suffering a deficit of purchasing power are able to access and deploy funds flowing in from a country with a surfeit of such power, the inhabitants of both countries may benefit. They may also benefit when institutions undertaking such cross-border financial intermediation experience economies of scale and are able to innovate and to offer funds and services at lower costs. Inevitably, however, at least some such institutions will sometimes act imprudently, some of the projects in which such funds are deployed may be unwise, and other such projects can suffer from unforeseen circumstances. As a result of such factors, a financial institution may suffer distress in one country, and may then transmit such distress to other countries in which it operates. The efficacy of any response to such cross-border transmission of distress may turn on the response being given due effect in both (or all) the territories in which the distressed financial institution operates. This situation creates a conundrum for policymakers, legislators, and regulators who wish to enable those subject to their jurisdiction to access the benefits of cross-border financial intermediation, yet cannot make rules and regulations that would have effect outside that jurisdiction. This book explores this conundrum and offers a response. It does so by drawing on and adding to the literatures on financial intermediation, regulation, and distress, and on existing hard and soft laws and regulations. The book advocates for the creation of a model law that would address the full range of financial institutions, including insurance companies, and that would enable relevant authorities to cooperate with counterparts in advance of the onset of distress and to give appropriate effect in their jurisdiction to measures taken by counterpart authorities in other jurisdictions in which the distressed institution also operates.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 36 pages
File Size : 42,9 Mb
Release : 2017-09-07
Category : Electronic
ISBN : 9781484328224

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IMF Publications Catalog, Fall/Winter 2017 by International Monetary Fund. External Relations Dept. Pdf

This paper discusses about countries that must chart their own paths to effectively balance the potential benefits against the risks and challenges, including institutional and capacity constraints, privacy concerns, and new avenues for fraud and evasion. The digital revolution holds vast potential for fiscal policies. By transforming the way fiscal systems collect, process, and act on information, it can expand and reshape the way governments design and implement their tax, spending, and macro-fiscal policies. Countries will need to chart a path based on their individual circumstances—either by taking incremental steps to digitize, or by leapfrogging to newer and more sophisticated methods of policy formulation and implementation. A recurring theme in this book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs.

Author : Carlo Gola,Francesco Spadafora
Publisher : International Monetary Fund
Page : 76 pages
File Size : 49,5 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 9781451873948

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Financial Sector Surveillance and the IMF by Carlo Gola,Francesco Spadafora Pdf

The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a preliminary stage and two main phases. The preliminary stage dates back to the 1980s and early 1990s, and was mainly related to the Fund's research and technical assistance activities within the process of monetary and financial deregulation embraced by several member countries. The first "official" phase of the Fund's involvement in FSS started in the aftermath of the Mexican crisis, and relates to the international call to include financial sector issues among the core areas of Fund surveillance. The second phase focuses on the objectives of bringing the coverage of financial sector issues "up to par" with the coverage of other traditional core areas of surveillance, and of integrating financial analysis into the Fund's analytical macroeconomic framework. By urging the Fund to give greater attention to its member countries' financial systems, the international community's response to the global crisis may mark the beginning of a new phase of FSS.

Author : OECD
Publisher : OECD Publishing
Page : 116 pages
File Size : 50,6 Mb
Release : 2014-05-13
Category : Electronic
ISBN : 9789264206939

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OECD Economic Surveys: Germany 2014 by OECD Pdf

OECD's 2014 Economic Survey of Germany examines recent economic developments, policies and prospects. Special chapters cover financial sector resilience, the domestically oriented sector and socially inclusive growth.

Author : Jonathan Batten,Peter G. Szilagyi
Publisher : Emerald Group Publishing
Page : 732 pages
File Size : 53,8 Mb
Release : 2011-03-02
Category : Business & Economics
ISBN : 9780857247544

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The Impact of the Global Financial Crisis on Emerging Financial Markets by Jonathan Batten,Peter G. Szilagyi Pdf

The Global Financial Crisis of 2007-2009 has highlighted the resilience of the financial markets and economies from the developing world. This title investigates and assesses the impact and response to the crisis from an emerging markets perspective including asset pricing, contagion, financial intermediation, market structure and regulation.

Author : Compiled by the British Library of Political and Economic Science
Publisher : Psychology Press
Page : 698 pages
File Size : 43,5 Mb
Release : 2004-12
Category : Business & Economics
ISBN : 0415354773

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International Bibliography Of Economics 2003 by Compiled by the British Library of Political and Economic Science Pdf

First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. * Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. * International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. * User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French.

Author : International Monetary Fund. Finance Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 41,5 Mb
Release : 2015-01-29
Category : Business & Economics
ISBN : 9781498359733

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Ireland by International Monetary Fund. Finance Dept. Pdf

This paper presents an Ex Post Evaluation of the 2010 Extended Fund Facility (EFF) arrangement with Ireland. The Fund approved in December 2010 an exceptional access EFF arrangement for SDR 19.466 billion (2,321.8 percent of quota) in support of Ireland’s home-grown program and as part of a broader financing package of Ireland and its European partners. The program focused on addressing the Irish banking crisis to break the adverse feedback loop between banks, the sovereign, and the real sector. It aimed to restore the banking system to health, including by establishing a smaller banking sector with high capital buffers and more stable funding sources; and to secure fiscal sustainability while limiting the near-term demand drag from fiscal consolidation. Large external financing was a key element of the crisis response. Program implementation was very strong. The program succeeded in stabilizing the banking sector and reducing its size, and fiscal developments were also broadly as anticipated. Domestic demand was, however, weaker than programmed and unemployment remained high, amid a very challenging external environment. Program success, including regaining market access at low interest rates, benefitted also from actions at the wider euro area level. The Ex Post Evaluation draws several lessons from Ireland’s experience under the EFF: ? The main lessons emerge from what worked well: Strong country ownership, setting (and meeting) realistic and tailored targets were key for success, combined with effective communication and pro-active engagement. Addressing a banking crisis requires strong and credible actions upfront. ? Some areas offer lessons for future program design: While the main pillars of the financial sector program were sound, more proactive and stronger supervisory interventions and other supportive steps could have strengthened banks’ balance sheets and bank profitability and helped resolve problem loans; bank recapitalization should be limited to those with viable medium-term business strategies; unsecured and non-guaranteed creditors of failed banks should be bailed in, provided a strategy to ring fence potential systemic risks can be put in place; macro-financial linkages require careful attention and timely steps to limit sovereignbanking sector feedback loops; fiscal policy has to be mindful of debt sustainability but also of domestic demand conditions, and it needs a clear anchor. ? There are also lessons related to Fund policies: Ireland’s EFF underscores the importance of addressing shortcomings of the systemic exemption clause in Criterion 2 of the exceptional access criteria; and it suggests the need to explore ways to secure stronger upfront commitments from monetary union authorities, when those are critical for program success.

Author : C. Gola,A. Roselli
Publisher : Springer
Page : 223 pages
File Size : 50,8 Mb
Release : 2009-02-17
Category : Business & Economics
ISBN : 9780230235779

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The UK Banking System and its Regulatory and Supervisory Framework by C. Gola,A. Roselli Pdf

An account of the principal phases in the development of the English banking system, and an analysis of the financial structure of the economy of the UK. The book focuses in detail on the regulatory and supervisory aspects of the UK banking system, and the interactions between the structural aspects of the banking and supervisory system.

Author : Charles Enoch
Publisher : Springer Nature
Page : 389 pages
File Size : 49,8 Mb
Release : 2021-09-24
Category : Political Science
ISBN : 9783030771157

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Europe Beyond the Euro by Charles Enoch Pdf

This book observes that a key determinant of Europe’s welfare over the coming decades will be how the region manages crises, both financial and societal. It examines how key institutional developments, such as Economic and Monetary Union, reflected differentiated integration (DI) in the EU, but argues that modern-day risks are highly interconnected, and their management therefore has to be inclusive. In that connection it looks in particular at the European Systemic Risk Board (ESRB), whose mandate to protect financial stability also gives it relevance with regard to other crises. The book considers that the strengthening of this institution, and bringing it to the fore, would help EU member states, as well as countries around the EU including applicant nations, to manage financial and societal risks, including COVID-19 and the transition to a green economy, thus safeguarding the economies of Europe. It builds on a model of the EU allowing for DI in some activities, while ensuring sound governance arrangements between those inside and those outside that activity, and embodying inclusivity in the fundamentals of the EU, including ​in the management of risk.

Author : Maria del Mar Cacha,Mr.Armando Méndez Morales
Publisher : International Monetary Fund
Page : 32 pages
File Size : 43,8 Mb
Release : 2003-11-01
Category : Business & Economics
ISBN : 9781451875195

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The Role of Supervisory tools in Addressing Bank Borrowers' Currency Mismatches by Maria del Mar Cacha,Mr.Armando Méndez Morales Pdf

Bank borrowers' currency mismatches often result from unhedged foreign currency borrowing in economies where there is significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines to counteract this risk, countries have resorted to outright regulatory limits in cases of moderate dollarization and to undesirable exchange controls in other cases. This paper proposes a "specific-to-group" provision rule based on the effective borrowing cost differential between domestic and foreign currency. Such a rule would help internalize the corresponding risks for banks and their borrowers in line with internationally accepted prudential and accounting standards.

Author : International Monetary Fund
Publisher : Unknown
Page : 128 pages
File Size : 42,5 Mb
Release : 2004
Category : International finance
ISBN : IND:30000122799616

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Publications Catalog by International Monetary Fund Pdf

Author : Priya Basu
Publisher : MacMillan
Page : 248 pages
File Size : 54,8 Mb
Release : 2005
Category : Business & Economics
ISBN : UCSD:31822035172733

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India's Financial Sector by Priya Basu Pdf

The papers in this volume assess progress with financial sector reforms over the past decade or so, and analyse the new challenges that confront India's policy makers and financial regulators. The papers highlight a formidable reform agenda, pointing to t

Author : Fabian Valencia
Publisher : Unknown
Page : 40 pages
File Size : 53,6 Mb
Release : 2008
Category : Bank capital
ISBN : IND:30000126772213

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Banks' Precautionary Capital and Persistent Credit Crunches by Fabian Valencia Pdf

Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be explained by a declined demand by financially impaired borrowers (the conventional financial accelerator) or by lower supply by capital-constrained banks, a "credit crunch". This paper develops a bank model to study credit crunches and their real effects. In this model, banks maintain a precautionary level of capital that serves as a smoothing mechanism to avert disruptions in the supply of credit when hit by small shocks. However, for larger shocks, highly persistent credit crunches may arise even when the impulse is a one time, non-serially correlated event. From a policy perspective, the model justifies the use of public funds to recapitalize banks following a significant deterioration in their capital position.