Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis / / Tamim Bayoumi, Ashok Bhatia |
Autore | Bayoumi Tamim |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (31 p.) |
Altri autori (Persone) | BhatiaAshok |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Financial crises
Global Financial Crisis, 2008-2009 Financial leverage Banks and Banking Investments: General Macroeconomics Money and Monetary Policy Industries: Financial Services Monetary Policy, Central Banking, and the Supply of Money and Credit: General Financial Institutions and Services: General General Financial Markets: General (includes Measurement and Data) General Aggregative Models: General Banks Depository Institutions Micro Finance Institutions Mortgages Monetary economics Investment & securities Banking Credit Financial sector Securities Flow of funds Commercial banks Financial services industry Financial instruments Banks and banking |
ISBN |
1-4755-1692-4
1-4755-9760-6 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; Glossary; Executive Summary; I. Introduction: Our Search for the Smoking Gun; Figures; 1. Leverage? What Leverage?; II. The Flow of Funds Accounts: From the Macro to the Financial; A. Nonfinancial Private Sector Net Worth: A Rational Gambit; 2. Was it Debtor Leverage?; B. Household Finances: Let the Good Times Roll; 3. Was it Households as Net Debtors?; C. Nonfinancial Business Finances: The Cash Cow; 4. Was it a Borrowing Spree by Firms?; D. Government Finances: Use that Firepower; 5. Was it Foreigners Buying U.S. Treasuries?
E. Foreign Investors in the U.S. Credit Markets: Pay to Play 6. Was it Foreigners Buying Everything?; F. Gross and Net Credit Growth: Strong for Long; 7. Was it Credit Growth?; G. Financial Sector Size and ""Churning"" Activity: Inward We Look; 8. Was it Financial Sector Size?; H. Financial Sector Structure and ""Shadow Banking"": Brave New World; 9. Was it ""Shadow Banking""?; I. Private-Label Securitization: Bankruptcy-Remote Indeed; 10. Was it the Bundling?; J. The Secured Wholesale Funding Chain: In Collateral We Trust; 11. Was it the Funding Model? III. Conclusion: Investment Banks as the Fulcrum 12. In Summary; References |
Record Nr. | UNINA-9910786485903321 |
Bayoumi Tamim
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
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Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis / / Tamim Bayoumi, Ashok Bhatia |
Autore | Bayoumi Tamim |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (31 p.) |
Disciplina | 332 |
Altri autori (Persone) | BhatiaAshok |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Financial crises
Global Financial Crisis, 2008-2009 Financial leverage Banks and Banking Investments: General Macroeconomics Money and Monetary Policy Industries: Financial Services Monetary Policy, Central Banking, and the Supply of Money and Credit: General Financial Institutions and Services: General General Financial Markets: General (includes Measurement and Data) General Aggregative Models: General Banks Depository Institutions Micro Finance Institutions Mortgages Monetary economics Investment & securities Banking Credit Financial sector Securities Flow of funds Commercial banks Financial services industry Financial instruments Banks and banking |
ISBN |
1-4755-1692-4
1-4755-9760-6 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; Glossary; Executive Summary; I. Introduction: Our Search for the Smoking Gun; Figures; 1. Leverage? What Leverage?; II. The Flow of Funds Accounts: From the Macro to the Financial; A. Nonfinancial Private Sector Net Worth: A Rational Gambit; 2. Was it Debtor Leverage?; B. Household Finances: Let the Good Times Roll; 3. Was it Households as Net Debtors?; C. Nonfinancial Business Finances: The Cash Cow; 4. Was it a Borrowing Spree by Firms?; D. Government Finances: Use that Firepower; 5. Was it Foreigners Buying U.S. Treasuries?
E. Foreign Investors in the U.S. Credit Markets: Pay to Play 6. Was it Foreigners Buying Everything?; F. Gross and Net Credit Growth: Strong for Long; 7. Was it Credit Growth?; G. Financial Sector Size and ""Churning"" Activity: Inward We Look; 8. Was it Financial Sector Size?; H. Financial Sector Structure and ""Shadow Banking"": Brave New World; 9. Was it ""Shadow Banking""?; I. Private-Label Securitization: Bankruptcy-Remote Indeed; 10. Was it the Bundling?; J. The Secured Wholesale Funding Chain: In Collateral We Trust; 11. Was it the Funding Model? III. Conclusion: Investment Banks as the Fulcrum 12. In Summary; References |
Record Nr. | UNINA-9910825414203321 |
Bayoumi Tamim
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
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Mexico’s Integration into NAFTA Markets : : A View from Sectoral Real Exchange Rates and Transaction Costs / / Luciana Juvenal, Rodolphe Blavy |
Autore | Juvenal Luciana |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (27 pages) |
Disciplina | 382.917 |
Altri autori (Persone) | BlavyRodolphe |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Foreign exchange rates - Mexico
Foreign exchange rates - United States Foreign exchange rates - Canada Investments: Commodities Exports and Imports Foreign Exchange Macroeconomics Trade Policy International Trade Organizations General Financial Markets: General (includes Measurement and Data) Price Level Inflation Deflation Currency Foreign exchange International economics Investment & securities Real exchange rates Exchange rates North American Free Trade Agreement Arbitrage Consumer price indexes Commercial treaties Financial instruments Price indexes |
ISBN |
1-4623-5983-3
1-4527-2386-9 1-282-84077-0 9786612840777 1-4518-6983-5 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
CONTENTS; I. Introduction; II. Nonlinear Dynamics in Real Exchange Rates; A. Theoretical Underpinnings; B. Estimation Methodology and SETAR Model; C. Testing Procedures; III. Estimation Results; A. Testing for Nonlinear Price Convergence; Figure; 1. Extent of Price Convergence between Mexico-U.S. and Canada-U.S; Tables; 1. SETAR Estimation Results; B. Estimated Transaction Costs; C. Robustness of Results; 2. SETAR Estimation Results (Detrended Data); 3. SETAR Estimation Results (Controlling for Different Mean during Tequila Crisis); D. Half-Lives
4. Estimation of Half-Lives for Sectoral Real Exchange Rates (In Months)5. SETAR Estimation Results for Aggregate Price Indices; Box; 1. Real Exchange Rate Thresholds at the Aggregate CPI Level; IV. Determinants of Thresholds in Real Exchange Rates; V. Summary of Results and Conclusion; 6. Threshold Regressions; References |
Record Nr. | UNINA-9910788239603321 |
Juvenal Luciana
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Washington, D.C. : , : International Monetary Fund, , 2008 | ||
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Lo trovi qui: Univ. Federico II | ||
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Mexico’s Integration into NAFTA Markets : : A View from Sectoral Real Exchange Rates and Transaction Costs / / Luciana Juvenal, Rodolphe Blavy |
Autore | Juvenal Luciana |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (27 pages) |
Disciplina | 382.917 |
Altri autori (Persone) | BlavyRodolphe |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Foreign exchange rates - Mexico
Foreign exchange rates - United States Foreign exchange rates - Canada Investments: Commodities Exports and Imports Foreign Exchange Macroeconomics Trade Policy International Trade Organizations General Financial Markets: General (includes Measurement and Data) Price Level Inflation Deflation Currency Foreign exchange International economics Investment & securities Real exchange rates Exchange rates North American Free Trade Agreement Arbitrage Consumer price indexes Commercial treaties Financial instruments Price indexes |
ISBN |
1-4623-5983-3
1-4527-2386-9 1-282-84077-0 9786612840777 1-4518-6983-5 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
CONTENTS; I. Introduction; II. Nonlinear Dynamics in Real Exchange Rates; A. Theoretical Underpinnings; B. Estimation Methodology and SETAR Model; C. Testing Procedures; III. Estimation Results; A. Testing for Nonlinear Price Convergence; Figure; 1. Extent of Price Convergence between Mexico-U.S. and Canada-U.S; Tables; 1. SETAR Estimation Results; B. Estimated Transaction Costs; C. Robustness of Results; 2. SETAR Estimation Results (Detrended Data); 3. SETAR Estimation Results (Controlling for Different Mean during Tequila Crisis); D. Half-Lives
4. Estimation of Half-Lives for Sectoral Real Exchange Rates (In Months)5. SETAR Estimation Results for Aggregate Price Indices; Box; 1. Real Exchange Rate Thresholds at the Aggregate CPI Level; IV. Determinants of Thresholds in Real Exchange Rates; V. Summary of Results and Conclusion; 6. Threshold Regressions; References |
Record Nr. | UNINA-9910807167203321 |
Juvenal Luciana
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Washington, D.C. : , : International Monetary Fund, , 2008 | ||
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Lo trovi qui: Univ. Federico II | ||
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Nigeria : : Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2013 |
Descrizione fisica | 1 online resource (119 p.) |
Collana | IMF Staff Country Reports |
Soggetto topico |
Securities - Nigeria
Accounting Finance: General Investments: General Public Finance General Financial Markets: General (includes Measurement and Data) Public Administration Public Sector Accounting and Audits Auditing Finance Investment & securities Financial reporting, financial statements Management accounting & bookkeeping Capital markets Securities Financial statements Securities markets Financial markets Financial institutions Public financial management (PFM) Capital market Financial instruments Finance, Public |
ISBN |
1-4843-8394-X
1-4843-9762-2 1-4843-9535-2 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; Glossary; I. Summary; II. Introduction; III. Information and Methodology Used for Assessment; IV. Institutional and Market Structure-Overview; V. Preconditions for Effective Securities Regulation; VI. Main Findings; Tables; 1. Summary Implementation of the IOSCO Principles-Detailed Assessments; VII. Recommended Action Plan and Authorities' Response; A. Recommended Action Plan; 2. Recommended Action Plan to Improve Implementation of the IOSCO Principles; B. Authorities' Response to the Assessment; VIII. Detailed Assessment
3. Detailed Assessment of Implementation of the IOSCO Principles |
Record Nr. | UNINA-9910779759203321 |
Washington, D.C. : , : International Monetary Fund, , 2013 | ||
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Lo trovi qui: Univ. Federico II | ||
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Nigeria : : Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2013 |
Descrizione fisica | 1 online resource (119 p.) |
Disciplina | 332.152 |
Collana | IMF Staff Country Reports |
Soggetto topico |
Securities - Nigeria
Accounting Finance: General Investments: General Public Finance General Financial Markets: General (includes Measurement and Data) Public Administration Public Sector Accounting and Audits Auditing Finance Investment & securities Financial reporting, financial statements Management accounting & bookkeeping Capital markets Securities Financial statements Securities markets Financial markets Financial institutions Public financial management (PFM) Capital market Financial instruments Finance, Public |
ISBN |
1-4843-8394-X
1-4843-9762-2 1-4843-9535-2 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; Glossary; I. Summary; II. Introduction; III. Information and Methodology Used for Assessment; IV. Institutional and Market Structure-Overview; V. Preconditions for Effective Securities Regulation; VI. Main Findings; Tables; 1. Summary Implementation of the IOSCO Principles-Detailed Assessments; VII. Recommended Action Plan and Authorities' Response; A. Recommended Action Plan; 2. Recommended Action Plan to Improve Implementation of the IOSCO Principles; B. Authorities' Response to the Assessment; VIII. Detailed Assessment
3. Detailed Assessment of Implementation of the IOSCO Principles |
Record Nr. | UNINA-9910811196203321 |
Washington, D.C. : , : International Monetary Fund, , 2013 | ||
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Lo trovi qui: Univ. Federico II | ||
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People’s Republic of China–Hong Kong Special Administrative Region : : Financial Sector Assessment Program-IOSCO Objectives and Principles of Securities Regulation-Detailed Assessment of Observance |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
Descrizione fisica | 1 online resource (224 p.) |
Disciplina | 338.9 |
Collana | IMF Staff Country Reports |
Soggetto topico |
Economic development
International finance Accounting Investments: General Investments: Futures Public Finance General Financial Markets: General (includes Measurement and Data) Public Administration Public Sector Accounting and Audits Auditing Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Investment & securities Management accounting & bookkeeping Finance Financial reporting, financial statements Public finance accounting Securities Futures Financial statements Accounting standards Financial institutions Public financial management (PFM) Financial instruments Finance, Public Derivative securities |
ISBN |
1-4983-4526-3
1-4983-0598-9 1-4983-2423-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | ""Cover""; ""CONTENTS""; ""GLOSSARY""; ""SUMMARY""; ""INTRODUCTION""; ""INSTITUTIONAL STRUCTURE""; ""MARKET STRUCTURE""; ""PRECONDITIONS""; ""MAIN FINDINGS""; ""SUMMARY TABLE OF IMPLEMENTATION""; ""RECOMMENDED ACTIONS""; ""AUTHORITIES RESPONSE""; ""DETAILED ASSESSMENT REPORT"" |
Record Nr. | UNINA-9910791297703321 |
Washington, D.C. : , : International Monetary Fund, , 2014 | ||
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Lo trovi qui: Univ. Federico II | ||
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People’s Republic of China–Hong Kong Special Administrative Region : : Financial Sector Assessment Program-IOSCO Objectives and Principles of Securities Regulation-Detailed Assessment of Observance |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
Descrizione fisica | 1 online resource (224 p.) |
Disciplina | 338.9 |
Collana | IMF Staff Country Reports |
Soggetto topico |
Economic development
International finance Accounting Investments: General Investments: Futures Public Finance General Financial Markets: General (includes Measurement and Data) Public Administration Public Sector Accounting and Audits Auditing Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Investment & securities Management accounting & bookkeeping Finance Financial reporting, financial statements Public finance accounting Securities Futures Financial statements Accounting standards Financial institutions Public financial management (PFM) Financial instruments Finance, Public Derivative securities |
ISBN |
1-4983-4526-3
1-4983-0598-9 1-4983-2423-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | ""Cover""; ""CONTENTS""; ""GLOSSARY""; ""SUMMARY""; ""INTRODUCTION""; ""INSTITUTIONAL STRUCTURE""; ""MARKET STRUCTURE""; ""PRECONDITIONS""; ""MAIN FINDINGS""; ""SUMMARY TABLE OF IMPLEMENTATION""; ""RECOMMENDED ACTIONS""; ""AUTHORITIES RESPONSE""; ""DETAILED ASSESSMENT REPORT"" |
Record Nr. | UNINA-9910817447803321 |
Washington, D.C. : , : International Monetary Fund, , 2014 | ||
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Lo trovi qui: Univ. Federico II | ||
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Ponzi Schemes in the Caribbean / / Ana Carvajal, Hunter Monroe, Catherine Pattillo, Brian Wynter |
Autore | Carvajal Ana |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (46 p.) |
Disciplina | 332.45 |
Altri autori (Persone) |
MonroeHunter
PattilloCatherine WynterBrian |
Collana | IMF Working Papers |
Soggetto topico |
Securities fraud - Caribbean Area
Commercial crimes - Caribbean Area Banks and Banking Investments: General Money and Monetary Policy Public Finance Business and Financial Foreign Exchange General Financial Markets: Government Policy and Regulation Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Banks Depository Institutions Micro Finance Institutions Mortgages General Financial Markets: General (includes Measurement and Data) Taxation, Subsidies, and Revenue: General Financial services law & regulation Monetary economics Banking Investment & securities Public finance & taxation Currency Foreign exchange Financial regulation and supervision Currencies Securities Legal support in revenue administration Money Financial institutions Revenue administration Financial services industry Law and legislation Banks and banking Financial instruments Revenue |
ISBN |
1-4623-7292-9
1-4527-7025-5 1-282-84315-X 1-4518-7242-9 9786612843150 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Contents; I. Introduction; II. Background; III. Unregulated Investment Schemes in the Caribbean; A. Jamaica; B. Eastern Caribbean Currency Union and the Turks and Caicos Islands; IV. Addressing Unregulated Investment Schemes: Key Policy Lessons; A. Preconditions; B. Key Regulatory Actions; V. Conclusion; Annex I. Other Recent Investment Schemes; A. United States; B. Colombia; C. Lesotho; D. Albania; References |
Record Nr. | UNINA-9910788336603321 |
Carvajal Ana
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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Ponzi Schemes in the Caribbean / / Ana Carvajal, Hunter Monroe, Catherine Pattillo, Brian Wynter |
Autore | Carvajal Ana |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (46 p.) |
Disciplina | 332.45 |
Altri autori (Persone) |
MonroeHunter
PattilloCatherine WynterBrian |
Collana | IMF Working Papers |
Soggetto topico |
Securities fraud - Caribbean Area
Commercial crimes - Caribbean Area Banks and Banking Investments: General Money and Monetary Policy Public Finance Business and Financial Foreign Exchange General Financial Markets: Government Policy and Regulation Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Banks Depository Institutions Micro Finance Institutions Mortgages General Financial Markets: General (includes Measurement and Data) Taxation, Subsidies, and Revenue: General Financial services law & regulation Monetary economics Banking Investment & securities Public finance & taxation Currency Foreign exchange Financial regulation and supervision Currencies Securities Legal support in revenue administration Money Financial institutions Revenue administration Financial services industry Law and legislation Banks and banking Financial instruments Revenue |
ISBN |
1-4623-7292-9
1-4527-7025-5 1-282-84315-X 1-4518-7242-9 9786612843150 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Contents; I. Introduction; II. Background; III. Unregulated Investment Schemes in the Caribbean; A. Jamaica; B. Eastern Caribbean Currency Union and the Turks and Caicos Islands; IV. Addressing Unregulated Investment Schemes: Key Policy Lessons; A. Preconditions; B. Key Regulatory Actions; V. Conclusion; Annex I. Other Recent Investment Schemes; A. United States; B. Colombia; C. Lesotho; D. Albania; References |
Record Nr. | UNINA-9910828975103321 |
Carvajal Ana
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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