› › Gauging Procyclicality And Financial Vulnerability In Asia Through The Bis Banking And Financial Statistics

Asian Monetary Policy Forum, The: Insights For Central Banking

Author : Steven J Davis

Publisher : World Scientific

Page : 377 pages

File Size : 21,45 MB

Release : 2021-06-03

Category : Business & Economics

ISBN : 9811238634

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Book Description

The Monetary Authority of Singapore, Asian Bureau of Finance and Economic Research, University of Chicago Booth Business School, and National University of Singapore Business School have organised the Asian Monetary Policy Forum (AMPF) annually since 2014. The Forum brings together eminent academics, policymakers and private sector economists to deliberate pressing monetary policy issues particularly relevant for Asian countries.This volume collects the inaugural speech and commissioned papers from the past Forums from 2014 to 2020. The chapters cover a range of topics that have assumed importance in the global monetary and financial system over the past twenty years. These include the efficacy of traditional monetary policy frameworks amid synchronised global financial flows, the challenges presented by the US dollar dominance, and the optimality of central banks' use of a broader set of policy instruments within an integrated policy framework. Policymakers, practitioners, students and academicians will be able to draw from this volume useful insights to understand these complex policy challenges.



Coordinated Portfolio investment Survey

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 180 pages

File Size : 40,9 MB

Release : 1997-01-01

Category : Business & Economics

ISBN : 1455216569

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Book Description

This paper presents a coordinated portfolio investment survey guide provided to assist national compilers in the conduct of the Coordinated Portfolio Investment Survey, conducted under the auspices of the IMF with reference to the year-end 1997. The guide covers a variety of conceptual issues that a country must address when conducting a survey. It also covers the practical issues associated with preparing for a national survey. These include setting a timetable, taking account of the legal and confidentiality issues raised, developing a mailing list, and maintaining quality control checks.



Global Liquidity through the Lens of Monetary Aggregates

Author : Kyuil Chung

Publisher : International Monetary Fund

Page : 49 pages

File Size : 16,64 MB

Release : 2014-01-24

Category : Business & Economics

ISBN : 1475514557

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Book Description

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods of rapid exchange rate appreciation coincide with increases in the central bank’s foreign exchange reserves, increasing the stock of narrow money. The paper examines economic significance of cross-country panel data on monetary aggregates and other measures of non-core bank liabilities. Non-core liabilities that reflect the activities of NFCs reflect broad credit conditions and predict global trade and growth.



Financial Crises Explanations, Types, and Implications

Author : Mr.Stijn Claessens

Publisher : International Monetary Fund

Page : 66 pages

File Size : 39,49 MB

Release : 2013-01-30

Category : Business & Economics

ISBN : 1475561008

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Book Description

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.



Managing the Sovereign-Bank Nexus

Author : Mr.Giovanni Dell'Ariccia

Publisher : International Monetary Fund

Page : 54 pages

File Size : 36,30 MB

Release : 2018-09-07

Category : Business & Economics

ISBN : 1484359623

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Book Description

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.



Global Financial Stability Report, April 2012

Author : International Monetary Fund. Monetary and Capital Markets Department

Publisher : International Monetary Fund

Page : 94 pages

File Size : 21,18 MB

Release : 2012-04-18

Category : Business & Economics

ISBN : 1616352477

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Book Description

The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.



Global Waves of Debt

Author : M. Ayhan Kose

Publisher : World Bank Publications

Page : 403 pages

File Size : 37,53 MB

Release : 2021-03-03

Category : Business & Economics

ISBN : 1464815453

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Book Description

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.





Staff Guidance Note on Macroprudential Policy

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 45 pages

File Size : 33,29 MB

Release : 2014-06-11

Category : Business & Economics

ISBN : 1498342620

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Book Description

This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries



Foreign Currency Bank Funding and Global Factors

Author : Signe Krogstrup

Publisher : International Monetary Fund

Page : 64 pages

File Size : 19,35 MB

Release : 2018-05-09

Category : Business & Economics

ISBN : 1484353668

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Book Description

The literature on the drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial intermediaries’ funding flows in different currencies. A concise portfolio model shows that the sign and magnitude of the response of foreign currency funding flows to global risk factors depend on the financial intermediary’s pre-existing currency exposure. An analysis of a rich dataset of European banks’ aggregate balance sheets lends support to the model predictions, especially in countries outside the euro area.