🦃 Cozy up with autumn reads! Let our AI Librarian pick your perfect fireside book 🍁
Explore the literary world of this author
Applications of Purchasing Power Parity
PPP is one of the most widely researched areas in international finance and one of the most controversial in the theory of exchange rate determination...
Methods and Models
The IMF has had extensive involvement in the stress testing of financial systems in its member countries. This book presents the methods and models th...
Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by the U.S. authorities in 2009 i...
Application to S-25 and Other G-20 Country FSAPs
The global financial crisis has placed the spotlight squarely on bank stress tests. Stress tests conducted in the lead-up to the crisis, including tho...
Perspectives on Liquidity Stress Testing Using an Iceland Example
The global financial crisis revealed weaknesses in the stress testing exercises performed on financial institutions and systems around the world. Thes...
Implications for Financial and Economic Stability
The proliferation of foreign exchange (FX) swaps as a source of funding and as a hedging tool has focused attention on the role of the FX swap market ...
Developments during the global financial crisis have highlighted the importance of differentiating across financial systems and institutions. Assessme...
Stress Testing with Weak Data
Stress testing has become the risk management tool du jour in the wake of the global financial crisis. In countries where the information reported by ...
The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements...
The increasing ability to trade credit risk in financial markets has facilitated its dispersion across the financial and other sectors. However, speci...
Myth or Mayhem?
The expansion of the global mutual funds industry has been characterized by growth in mature as well as emerging markets. This has clearly contributed...
In for a Penny, in for a Pound?
The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the cr...
...
Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development ...
Do the dynamics of net flows to U.S. retail mutual funds affect equity returns in emerging markets? The question merits further examination since reta...
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for ...
In this paper, we use the extreme value theory (EVT) framework to analyze contagion risk across the international banking system. We test for the like...