Giovanni Majnoni

The Dynamics of Foreign Bank Ownership

Evidence from Hungary

The early start of the process of bank restructuring and privatization in Hungary provides a longer and richer amount of evidence than that available ...

How the Proposed Basel Guidelines on Rating-agency Assessments Would Affect Developing Countries

The Basel Committee has proposed linking capital asset requirements for banks to the banks' private sector ratings. Doing so would reduce the capital ...

Bank Capital and Loan Loss Reserves Under Basel II

Implications for Emerging Countries

"Majnoni, Miller, and Powell propose an integrated approach to minimum bank capital and loan loss reserves regulation. They break new ground in two ma...

Ratings, Rating Agencies and the Global Financial System

Ratings, Rating Agencies and the Global Financial System brings together the research of economists at New York University and the University of Maryl...

Improving Credit Information, Bank Regulation, and Supervision

On the Role and Desing of Public Credit Registries

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Financial Regulatory Harmonization and the Globalization of Finance

In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destab...

Financial Intermediary Development and Growth Volatility

Do Intermediaries Dampen Or Magnify Shocks?

Panel data for 63 countries in 1960-97 reveal no robust relationship between the development of financial intermediaries and the volatility of growth....

Do Banks Provision for Bad Loans in Good Times?

Empirical Evidence and Policy Implications

Recent debate about the pro-cyclical effects of bank capital requirements, has ignored the important role that bank loan loss provisions play in the o...

Access and Risk

Friends Or Foes? : Lessons from Chile

This paper documents the link between risk, stability, and access to credit markets in an emerging economy. It presents annual credit loss distributio...

International Contagion

Implications for Policy

What can the international community do to prevent financial contagion?...

Stress Testing of Financial Systems: An Overview of Issues, Methodologies, and FSAP Experiences

The paper has three objectives. After a general introduction to some of the concepts and basic techniques of stress testing, the paper gives an overvi...

The Dynamics of Foreign Bank Ownership

Evidence from Hungary

The early start of the process of bank restructuring and privatization in Hungary provides a longer and richer amount of evidence than that available ...

Sensitivity of VaR Measures to Different Risk Models

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International Contagion

Implications for Policy

What can the international community do to prevent financial contagion?Chang and Majnoni try to identify and evaluate the public policy implications o...

Bank Capital and Loan Loss Reserves Under Basel Ii

Implications for Emerging Countries

Majnoni, Miller, and Powell propose an integrated approach to minimum bank capital and loan loss reserves regulation. They break new ground in two mai...

Access and Risk

Friends Or Foes? Lessons from Chile

This paper documents the link between risk, stability, and access to credit markets in an emerging economy. It presents annual credit loss distributio...

Bank Capital and Loan Loss Reserves Under Basel II

Implications for Emerging Countries

The authors propose an integrated approach to minimum bank capital, and loan loss reserves regulation. They break new ground in two main areas. First,...

How the Proposed Basel Guidelines on Rating-Agency Assessments Would Affect Developing Countries

The Basel Committee has proposed linking capital asset requirements for banks to the banks' private sector ratings. Doing so would reduce the capital ...