Post Crisis International Banking

Author : Hibiki Ichiue,Frederic Lambert
Publisher : International Monetary Fund
Page : 35 pages
File Size : 42,6 Mb
Release : 2016-04-08
Category : Business & Economics
ISBN : 9781475566703

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Post-crisis International Banking by Hibiki Ichiue,Frederic Lambert Pdf

Foreign bank lending has stopped growing since the global financial crisis. Changes in banks’ business models, balance-sheet adjustments, as well as the tightening of banking regulations are potential drivers of this prolonged slowdown. The existing literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending through regulatory arbitrage. We investigate this question using new survey data on regulations specific to banks’ international operations. Our results show that regulatory tightening can explain about half of the decline in the foreign lending-to-GDP ratio between 2007 and 2013. Regulatory changes in home countries have had a larger effect than those in host countries.

Author : Suk-Joong Kim,Michael D. McKenzie
Publisher : Emerald Group Publishing
Page : 487 pages
File Size : 47,5 Mb
Release : 2010-11-10
Category : Business & Economics
ISBN : 9781849509121

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International Banking in the New Era by Suk-Joong Kim,Michael D. McKenzie Pdf

This volume examines issues concerning the challenges and opportunities for international banks in the rapidly changing global environment. It looks at financial markets and banking, examines the role of banks and lawyers in the global financial crisis, explores post-crisis financial regulation, and highlights determinants of international banking.

Author : Mr.John C Caparusso,Ms.Yingyuan Chen,Mr.Peter Dattels,Rohit Goel,Paul Hiebert
Publisher : International Monetary Fund
Page : 34 pages
File Size : 46,7 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781513522883

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Post-Crisis Changes in Global Bank Business Models: A New Taxonomy by Mr.John C Caparusso,Ms.Yingyuan Chen,Mr.Peter Dattels,Rohit Goel,Paul Hiebert Pdf

The Global Financial Crisis unleashed changes in the operating and regulatory environments for large international banks. This paper proposes a novel taxonomy to identify and track business model evolution for the 30 Global Systemically Important Banks (G-SIBs). Drawing from banks’ reporting, it identifies strategies along four dimensions –consolidated lines of business and geographic orientation, and the funding models and legal entity structures of international operations. G-SIBs have adjusted their business models, especially by reducing market intensity. While G-SIBs have maintained international orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank channel.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 41,6 Mb
Release : 2015-04-15
Category : Business & Economics
ISBN : 1498372937

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Global Financial Stability Report, April 2015 by International Monetary Fund. Monetary and Capital Markets Department Pdf

The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies. Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar, while long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation. Emerging markets are caught in these global cross currents, with some oil exporters and other facing new stability challenges, while others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures. The report also examines changes in international banking since the global financial crisis and finds that these changes are likely to promote more stable bank lending in host countries. Finally, the report finds that the asset management industry needs to strengthen its oversight framework to address financial stability risks from incentive problems between end-investors and portfolio managers and the risk of runs due to liquidity mismatches.

Author : Katarzyna Sum
Publisher : Springer
Page : 260 pages
File Size : 49,7 Mb
Release : 2016-10-11
Category : Business & Economics
ISBN : 9783319413785

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Post-Crisis Banking Regulation in the European Union by Katarzyna Sum Pdf

This book offers holistic, economic analysis of the on-going regulatory reform in the European banking industry. The author addresses the main opportunities and pitfalls related to post-crisis financial regulation, and investigates whether the proposed solutions provide an appropriate response to the problems within the EU’s ailing banking sector. The author gives particular focus to the implementation of Basel III, the introduction of the Banking Union, the inclusion of bank governance elements into regulatory frameworks, and the country-specific aspects of regulation at a national level. The discussion builds upon existing literature in the field and takes a novel approach in its examination of banking regulations, their endogeneity and their interactions with bank governance. The book also analyses banking regulation in the EU within theoretical frameworks, as well as by means of empirical exercises. Insights into the theory and practical aspects of banking regulation make this book a valuable read for academics, researchers, students and practitioners alike.

Author : Bradley Jones
Publisher : International Monetary Fund
Page : 30 pages
File Size : 42,9 Mb
Release : 2018-02-16
Category : Business & Economics
ISBN : 9781484345719

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Central Bank Reserve Management and International Financial Stability—Some Post-Crisis Reflections by Bradley Jones Pdf

Motivated by the tension first revealed during the global financial crisis between the domestic and international financial stability obligations of central bank reserve managers, this paper offers some reflections along four main lines. First, the paper highlights how official reserve management has evolved to mirror important aspects of private institutional investor behavior over time, and addresses the policy relevance of this convergence. Second, evidence is documented of procyclical portfolio behavior by reserve managers during the crisis, which added to the stabilization burden shouldered by central banks in reserve currency-issuing countries. Third, in appraising the evolution of related vulnerabilities since the crisis, the paper finds grounds for both cautious optimism and lingering concern, the balance of which points to an uncertain future resolution. Fourth, some potential remedies are presented to help dampen the procyclical impulses of reserve managers in future periods of international financial turbulence.

Author : Sarah Sanya,Mr.Montfort Mlachila
Publisher : International Monetary Fund
Page : 42 pages
File Size : 47,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781451961614

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Post-Crisis Bank Behavior by Sarah Sanya,Mr.Montfort Mlachila Pdf

Did the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the Mercosur region. To our knowledge, this is the first paper to apply the convergence methodology-which is common in the growth literature-to post-crisis bank behavior. Using a panel dataset of commercial banks during the period 1990-2006, we analyze the impact of crises on four sets of financial indicators of bank behavior-profitability, maturity preference, credit supply, and risk. The paper finds that most indicators of bank behavior, such as profitability, in fact revert to previous or more normal levels. However, a key finding of the paper is that private sector intermediation is significantly reduced for prolonged periods of time and that high levels excess liquidity persist well after the crisis.

Author : Mr.Eugenio M Cerutti,Haonan Zhou
Publisher : International Monetary Fund
Page : 45 pages
File Size : 53,9 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484324868

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The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization? by Mr.Eugenio M Cerutti,Haonan Zhou Pdf

Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in the literature as a retreat in financial globalization. In this paper, we argue that aggregate figures are not sufficient to support such a claim in terms of the overall structure of the global banking network. Based on a systematic approach to measuring, mapping and analyzing financial interconnectedness among countries using network theory, we show that, despite the decline in aggregate lending volumes, the structure of the network has developed increased connections in some dimensions. Some parts of the network are currently more interlinked regionally than before the crisis, and less dependent on major global lenders. In this context, at a more disaggregate level, we document the characteristics of the increasing regionalization of lending flows, the different evolution of linkages through bank affiliates and direct cross-border claims, as well as the shift in the importance of key borrower and lender nodes. These changes in the banking network have important insights in terms of policy implications since they indicate that the global banking network has evolved, but it has not undergone a generalized retrenchment in financial linkages.

Author : Jakub Kerlin,Elżbieta Malinowska-Misiąg,Paweł Smaga,Bartosz Witkowski,Agnieszka K. Nowak,Anna Kozłowska,Piotr Wiśniewski
Publisher : Springer
Page : 343 pages
File Size : 52,5 Mb
Release : 2016-04-30
Category : Business & Economics
ISBN : 9781137560247

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European Bank Restructuring During the Global Financial Crisis by Jakub Kerlin,Elżbieta Malinowska-Misiąg,Paweł Smaga,Bartosz Witkowski,Agnieszka K. Nowak,Anna Kozłowska,Piotr Wiśniewski Pdf

This book explores the diversity of restructuring instruments applied to financial institutions in EU countries during the Global Financial Crisis. It investigates the cost of that support before evaluating its effects, as well as providing an extensive analysis of the measures undertaken. The first chapter presents a historical outline, discusses causes of crises, and offers an overview of the restructuring instruments and of how they were used for crisis management before 2007. The following chapters explore the financial environment in the EU before the crisis outbreak, the rescue actions and financial landscape after the events of the crisis. This book offers a critical and thorough analysis of the financial support provided to banks, providing case studies of over 95 banks from 17 EU member states. The authors provide an in-depth study of the pre and post-crisis landscape, and demonstrate that the crisis has by no means been overcome.

Author : Hsien Loong Lee
Publisher : Unknown
Page : 44 pages
File Size : 47,5 Mb
Release : 2001
Category : Banks and banking
ISBN : UCSD:31822031078645

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Post Crisis Asia by Hsien Loong Lee Pdf

Author : Manuela Moschella,Eleni Tsingou
Publisher : ECPR Press
Page : 240 pages
File Size : 40,8 Mb
Release : 2014-07-01
Category : Political Science
ISBN : 9781910259290

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Great Expectations, Slow Transformation by Manuela Moschella,Eleni Tsingou Pdf

n the aftermath of the financial crisis, why has the reform process been incremental yet the conditions for more rapid and abrupt transformations appeared to be available? Is there anything specific about financial policy that prevents more radical reforms? Drawing from Comparative Politics and Historical Institutionalism in particular, as well as International Political Economy, this book answers these questions by examining the particular institutional frictions that characterise global financial governance and influence the activity of change agents and veto players involved in the process of global regulatory change. The chapters in this volume collectively demonstrate that the process of change in financial rule-making as well as in the institutions governing finance does not fit with the punctuated model of policy change. The book also shows, however, that incremental changes can lead to fundamental shifts in the basic principles that inform global financial governance.

Author : Eddy Wymeersch,Klaus J. Hopt,Guido Ferrarini
Publisher : OUP Oxford
Page : 659 pages
File Size : 49,9 Mb
Release : 2012-08-16
Category : Law
ISBN : 9780191636653

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Financial Regulation and Supervision by Eddy Wymeersch,Klaus J. Hopt,Guido Ferrarini Pdf

This comprehensive account of financial regulation and supervision in times of crisis analyses the complex changes under way regarding the new financial regulatory structures in the EU. Focusing on the organisation of financial supervision, it deals with the background to the reforms, the architecture of the regulatory system, the likely implications for the financial institutions and the challenge of international co-operation. Changes in the US have been heavily criticised and in Europe a brand new regulatory system with three new regulatory agencies and a systemic risk board has been developed. National systems are in the process of being updated. International cooperation, although still difficult, has made progress, with the Financial Stability Board now acting on behalf of the G.20. Central bank cooperation has improved significantly and in the meantime, sectoral regulations are being adapted in full speed, such as Basel III, AIDMD, MiFID and many others. This book gives an overall view of these complex changes. The first section of the book provides an assessment of the reforms and considers the background to their making. In the section on regulatory structure there is analysis of the new regulatory bodies, their complex competences and actions. The book also takes a critical look at their likely effectiveness. The final section of the work considers the actual implementation of the new rules in a cross-border context.

Author : Mr.Philip R. Lane,Mr.Gian M Milesi-Ferretti
Publisher : International Monetary Fund
Page : 53 pages
File Size : 50,8 Mb
Release : 2017-05-10
Category : Business & Economics
ISBN : 9781484300343

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International Financial Integration in the Aftermath of the Global Financial Crisis by Mr.Philip R. Lane,Mr.Gian M Milesi-Ferretti Pdf

This paper documents the evolution of international financial integration since the global financial crisis using an updated dataset on external assets and liabilities, covering over 210 economies for the period 1970-2015. It finds that the growth in cross-border positions in relation to world GDP has come to a halt. This reflects much weaker capital flows to and from advanced economies, with diminished cross-border banking activity, and an increase in the weight of emerging economies in global GDP, as these economies have lower external assets and liabilities than advanced economies. Cross-border FDI positions have continued to expand, unlike positions in portfolio instruments and other investment. This expansion reflects primarily positions vis-à-vis financial centers, suggesting that the complexity of the corporate structure of large multinational corporations is playing an important role. The paper also explores the cross-country drivers of foreign ownership of domestic debt securities, highlighting in particular the role of the euro debt crisis in explaining its evolution.

Author : Subir Gokarn
Publisher : Unknown
Page : 508 pages
File Size : 47,8 Mb
Release : 2011
Category : Banks and banking, Central
ISBN : UIUC:30112101634399

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Challenges to Central Banking in the Context of Financial Crisis by Subir Gokarn Pdf

Contributed papers presented at the first International Research Conference on "Challenges to Central Banking in the Context of Financial Crisis," organized by Reserve Bank of India on Feb. 12-13, 2010, in Mumbai, India.

Author : Robert Dekle,Kenneth Kletzer
Publisher : Unknown
Page : 76 pages
File Size : 52,7 Mb
Release : 2001
Category : Banking law
ISBN : UCSD:31822030020259

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Domestic Bank Regulation and Financial Crises by Robert Dekle,Kenneth Kletzer Pdf

A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium for the model economy, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan guarantees until a crisis occurs with an expected reversal of capital flows. The crisis in this model evolves endogenously as the banking system becomes increasingly vulnerable through the renegotiation of firm debts. Firm revenues are subject to idiosyncratic firm-specific technology shocks, but there are no aggregate shocks. The model generates dynamic relationships between foreign capital inflows, domestic investment, firm debt and the value of firm and bank equity in an endogenous growth model. Prior to crisis, foreign capital inflows and bank debt rise relative to investment and domestic production. The aggregate portfolio of the banking sector deteriorates and the total value of bank equities declines in proportion to that for goods producers progressively. The model's assumptions and implications for the behavior of the economy before and after crisis are compared to the experience of five East Asian countries. The case studies compare three or near-crisis countries non-crisis economies, Taiwan and Singapore, and lend support to the model.