Bulletin Contents Volume 76 No. 3, September 2013
... of primary interest. However, in a given period there can be a wide range of price changes, both up and down. For instance, there have been particularly sharp declines in the communication component of the CPI, which has fallen by 15 percent since mid-2011 (figure 6b). This pattern is markedly diffe ...
... of primary interest. However, in a given period there can be a wide range of price changes, both up and down. For instance, there have been particularly sharp declines in the communication component of the CPI, which has fallen by 15 percent since mid-2011 (figure 6b). This pattern is markedly diffe ...
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... mediation fees differ in the two markets. This variation gives rise to trade in banking services as entrepreneurs seek to minimize the costs of external capital. The model incorporates three additional elements. First, an entrepreneur who is served by a foreign bank has to pay an additional cost τ ...
... mediation fees differ in the two markets. This variation gives rise to trade in banking services as entrepreneurs seek to minimize the costs of external capital. The model incorporates three additional elements. First, an entrepreneur who is served by a foreign bank has to pay an additional cost τ ...
re-prioritizing priority sector lending in india
... lend to sectors characterized by a relatively large number of defaults due to factors specific to those sectors. Banks must then set aside capital to account for assets that might be locked up in NPAs. This erodes banks’ profitability and makes them more vulnerable, as illustrated by the collapse of ...
... lend to sectors characterized by a relatively large number of defaults due to factors specific to those sectors. Banks must then set aside capital to account for assets that might be locked up in NPAs. This erodes banks’ profitability and makes them more vulnerable, as illustrated by the collapse of ...
A Pyrrhic Victory? – Bank Bailouts and Sovereign Credit Risk
... has cost the government up to Euro 25 billion (USD 32 billion), amounting to 11.26% of Ireland’s Gross Domestic Product (GDP). Ireland’s finance minister Brian Lenihan justified the propping up of the bank “to ensure that the resolution of debts does not damage Ireland’s international credit-worthin ...
... has cost the government up to Euro 25 billion (USD 32 billion), amounting to 11.26% of Ireland’s Gross Domestic Product (GDP). Ireland’s finance minister Brian Lenihan justified the propping up of the bank “to ensure that the resolution of debts does not damage Ireland’s international credit-worthin ...
Annual Financial Statements and Combined
... emphasis on growing our trade finance business and international payments, supported by the ProCredit Bank in Germany and the centralised settlement function it provides. With regard to private clients, the ProCredit group concentrates on the stable deposits from private individuals connected to ou ...
... emphasis on growing our trade finance business and international payments, supported by the ProCredit Bank in Germany and the centralised settlement function it provides. With regard to private clients, the ProCredit group concentrates on the stable deposits from private individuals connected to ou ...
Evaluating the Net Benefits of Macroprudential Policy: A Cookbook
... analyzing the effects of macroprudential policies, there is none that uses a cross-country database of a range of macroprudential policy instruments that are currently in use by countries (except for Lim et al, 2011 and Vandenbussche et al, 2012). This paper fills the gap by using the IMF (2011c) su ...
... analyzing the effects of macroprudential policies, there is none that uses a cross-country database of a range of macroprudential policy instruments that are currently in use by countries (except for Lim et al, 2011 and Vandenbussche et al, 2012). This paper fills the gap by using the IMF (2011c) su ...
Economic Costs of the Nordic Banking Crises
... In the early 1990s, Norway, Sweden and Finland experienced systemic banking crises with bank failures and negative economic growth. It is generally concluded that output losses during the crisis and potentially caused by the banking crises were high, although loss estimates vary significantly across ...
... In the early 1990s, Norway, Sweden and Finland experienced systemic banking crises with bank failures and negative economic growth. It is generally concluded that output losses during the crisis and potentially caused by the banking crises were high, although loss estimates vary significantly across ...
CEE Banking
... Within the NMC-8 this bank restructuring and subsequent privatisation process took up to 2001 for the Czech Republic, Slovakia and Lithuania. As a result the vast majority of banks operating in the NMC8 are now private and mostly foreign-owned. There is one large majority state-owned bank left in Po ...
... Within the NMC-8 this bank restructuring and subsequent privatisation process took up to 2001 for the Czech Republic, Slovakia and Lithuania. As a result the vast majority of banks operating in the NMC8 are now private and mostly foreign-owned. There is one large majority state-owned bank left in Po ...
a 125-page addendum
... A post-deregulation increase in industry concentration does not necessarily imply economic inefficiencies. The emergence of larger conglomerates might be consistent with overall performance objectives as long as the funds invested by incumbents, e.g. in flight reservation or electronic banking syste ...
... A post-deregulation increase in industry concentration does not necessarily imply economic inefficiencies. The emergence of larger conglomerates might be consistent with overall performance objectives as long as the funds invested by incumbents, e.g. in flight reservation or electronic banking syste ...
The Impact of Banking Sector Stability on the Real Economy | PDF
... The increased incidence of banking and financial crises over the last quarter century has triggered an active research agenda, not only on the underlying causes of crises, but also on their impact on the real economy. Literature in this field has been mainly focussed in two directions: first, on und ...
... The increased incidence of banking and financial crises over the last quarter century has triggered an active research agenda, not only on the underlying causes of crises, but also on their impact on the real economy. Literature in this field has been mainly focussed in two directions: first, on und ...
Thematic Review on Deposit Insurance Systems
... covered by the domestic DIS. This may have adverse implications on the DIS effectiveness in times of stress, so it is important to ensure that these institutions either do not take deposits from those that are deemed most in need of protection or are included as members of the DIS. Coverage: In some ...
... covered by the domestic DIS. This may have adverse implications on the DIS effectiveness in times of stress, so it is important to ensure that these institutions either do not take deposits from those that are deemed most in need of protection or are included as members of the DIS. Coverage: In some ...
Untitled
... World economic growth depends heavily on developments in the United States, countries that comprise the European Union, and Japan. While economic recovery in these countries began in late 2001 and the first quarter of 2002 with the expansion of global trade and industrial production, prospects for t ...
... World economic growth depends heavily on developments in the United States, countries that comprise the European Union, and Japan. While economic recovery in these countries began in late 2001 and the first quarter of 2002 with the expansion of global trade and industrial production, prospects for t ...
Staff Working Paper No. 594: Non-performing
... Previously, even at a national level, there were few standards. In the US, the issue of FAS 5 Accounting for Contingencies in 1975 was likely the first formalised accounting standard in this area. Before then, while banks did make provisions against bad loans, neither the extent of bad loans nor the ...
... Previously, even at a national level, there were few standards. In the US, the issue of FAS 5 Accounting for Contingencies in 1975 was likely the first formalised accounting standard in this area. Before then, while banks did make provisions against bad loans, neither the extent of bad loans nor the ...
Kingdom of Bahrain: Financial System Stability Assessment
... monitor rising exposures, and eventually a preemptive tightening of prudential requirements may be warranted. The Bahrain Monetary Agency (BMA), which has had supervisory authority over the entire financial system since 2002, has modernized prudential requirements and is enhancing its supervisory ca ...
... monitor rising exposures, and eventually a preemptive tightening of prudential requirements may be warranted. The Bahrain Monetary Agency (BMA), which has had supervisory authority over the entire financial system since 2002, has modernized prudential requirements and is enhancing its supervisory ca ...
Report by the Committee on Comprehensive Financial Services for
... IFMR Finance Foundation team - Ms. Deepti George, Mr. Rachit Khaitan, Mr. Dinesh Lodha, Mr. Vishnu Prasad, Dr. Santadarshan Sadhu, and Mr. Anand Sahasranaman who not only provided very useful research and technical support but also worked unstintingly to ensure that this report was completed in such ...
... IFMR Finance Foundation team - Ms. Deepti George, Mr. Rachit Khaitan, Mr. Dinesh Lodha, Mr. Vishnu Prasad, Dr. Santadarshan Sadhu, and Mr. Anand Sahasranaman who not only provided very useful research and technical support but also worked unstintingly to ensure that this report was completed in such ...
Retained Interests in Securitisations and - ECB
... risk. It has long been common practice for securitisers to retain an economic interest in their own securitisation structures, which in theory should result in a better alignment of interests with investors in asset-backed securities (Pennacchi 1988, Gorton and Pennacchi 1995). Post crisis, the alig ...
... risk. It has long been common practice for securitisers to retain an economic interest in their own securitisation structures, which in theory should result in a better alignment of interests with investors in asset-backed securities (Pennacchi 1988, Gorton and Pennacchi 1995). Post crisis, the alig ...
Building a Holistic Capital Management Framework
... at the company level and doesn’t allow comparative analytics to be performed across business areas. Executives can use RAROC to make better decisions on complex problems. It can be used ex post to decide which investments are generating target profits or ex ante to set transaction prices or determin ...
... at the company level and doesn’t allow comparative analytics to be performed across business areas. Executives can use RAROC to make better decisions on complex problems. It can be used ex post to decide which investments are generating target profits or ex ante to set transaction prices or determin ...
Negotiable Certificates of Deposit
... in bank repurchase agreements, which are considered nondeposit liabilities and are therefore not subject to the 30-day minimum maturity requirement on interest-bearing deposits. Member banks of the Federal Reserve System, a group that accounts for the largest share of negotiable CDs outstanding, hav ...
... in bank repurchase agreements, which are considered nondeposit liabilities and are therefore not subject to the 30-day minimum maturity requirement on interest-bearing deposits. Member banks of the Federal Reserve System, a group that accounts for the largest share of negotiable CDs outstanding, hav ...
Research on the Financing System of Small and Medium-Sized Enterprise
... affect the financing costs of enterprises. One of the most important conditions is the integrated deposit level, which should reach the relevant standard. In addition, the local commercial banks take the points system for SMEs, including credit cards, credit conditions and loan period, etc. Accordin ...
... affect the financing costs of enterprises. One of the most important conditions is the integrated deposit level, which should reach the relevant standard. In addition, the local commercial banks take the points system for SMEs, including credit cards, credit conditions and loan period, etc. Accordin ...
“MURABAHA”
... Islamic Shariah. Interest in known as second major sin after shirk. What should a Muslim community needs to do to avoid interest? Answering this question we find solution of Islamic mode of financing, which is done both by Islamic banks and financial institutions. These modes of financing are based ...
... Islamic Shariah. Interest in known as second major sin after shirk. What should a Muslim community needs to do to avoid interest? Answering this question we find solution of Islamic mode of financing, which is done both by Islamic banks and financial institutions. These modes of financing are based ...
Download: Optimal Financial Structure and Economic Development (pdf)
... terms of firm size, risk, and financing needs. Thus the demand of the real economy for financial services at some development stages can be systemically different from that of the same economy at other stages. Only when the characteristics of financial structure match those of the industrial structu ...
... terms of firm size, risk, and financing needs. Thus the demand of the real economy for financial services at some development stages can be systemically different from that of the same economy at other stages. Only when the characteristics of financial structure match those of the industrial structu ...
The Developed Financial System Causes the Predicament of Zhejiang Merchants
... demand of enterprises, which is the main reason that makes enterprises use shot-term loans to do long-term business. So when the term of the loan does not match the actual endurance, the risk of enterprises is large and uncertain. Many people among the Zhejiang merchants dare to use shot-term funds ...
... demand of enterprises, which is the main reason that makes enterprises use shot-term loans to do long-term business. So when the term of the loan does not match the actual endurance, the risk of enterprises is large and uncertain. Many people among the Zhejiang merchants dare to use shot-term funds ...
Leverage, Balance Sheet Size and Wholesale Funding
... Our paper is related to a few different strands in the existing literature. Regarding wholesale funding of banks, Huang and Ratnovski (2010) analyze a model with a tradeoff between using wholesale funding vs. retail deposits. On one hand, wholesale funding improves efficiency as uninsured wholesale ...
... Our paper is related to a few different strands in the existing literature. Regarding wholesale funding of banks, Huang and Ratnovski (2010) analyze a model with a tradeoff between using wholesale funding vs. retail deposits. On one hand, wholesale funding improves efficiency as uninsured wholesale ...
Memo 7 – Consequences of an increased loan-to
... issued by Swedish credit institutions are owned by foreign investors13, which includes bonds issued in foreign currency (Sandström et al, 2013). Because, according to several sets of rules, covered bonds are considered relatively safe, the rules allow investors to invest a relatively high amount the ...
... issued by Swedish credit institutions are owned by foreign investors13, which includes bonds issued in foreign currency (Sandström et al, 2013). Because, according to several sets of rules, covered bonds are considered relatively safe, the rules allow investors to invest a relatively high amount the ...
IBLLC Firm-Specific Disclosure 12-09-16
... This document is intended to provide material information about Interactive Brokers LLC (“Interactive” or “IB”), its business lines and risk management practices to existing and prospective customers. Much of the information included in this document can be found on the IB website at www.interactiv ...
... This document is intended to provide material information about Interactive Brokers LLC (“Interactive” or “IB”), its business lines and risk management practices to existing and prospective customers. Much of the information included in this document can be found on the IB website at www.interactiv ...
Bank
A bank is a financial intermediary that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, the Berenbergs and the Rothschilds — have played a central role over many centuries. The oldest existing retail bank is Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.