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Canada : : Financial Sector Assessment Program-Stress Testing-Technical Note
| Canada : : Financial Sector Assessment Program-Stress Testing-Technical Note |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
| Descrizione fisica | 1 online resource (102 p.) |
| Disciplina | 332.1091724 |
| Collana | IMF Staff Country Reports |
| Soggetto topico |
Finance - Developing countries - Evaluation
International finance - Developing countries Banks and Banking Finance: General Macroeconomics Money and Monetary Policy Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Personal Income, Wealth, and Their Distributions Financial Institutions and Services: Government Policy and Regulation Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill Monetary Policy, Central Banking, and the Supply of Money and Credit: General Banking Finance Financial services law & regulation Monetary economics Personal income Stress testing Credit risk Credit National accounts Financial sector policy and analysis Financial regulation and supervision Money Loans Financial institutions Financial risk management Banks and banking Income |
| ISBN |
1-4755-1438-7
1-4843-3088-9 1-4843-3118-4 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Glossary; INTRODUCTION AND OVERVIEW; A. Overview of Stress Tests; TABLES; 1. Stress Testing Recommendations; SCENARIOS; BANKING SECTOR-SOLVENCY STRESS TESTS; BANKING SECTOR-LIQUIDITY AND FUNDING STRESS TESTS-INDIVIDUAL AND NETWORK EFFECTS; A. Bottom-up Stress Test; A. Recommendations and Policy Implications; 2. Regulatory and Supervisory Capital Requirements; 3. Mapping Economic Sectors from the BU into Economic Sectors Used in BoC Estimation of PDs; 4. Capital Conservation Rule for Dividends Distribution; 5. IRBBB Spreads Under the Stress-test Scenario
6. Trading Book Risk Parameters Under the Stress-test Scenario B. IMF Top-down Stress Test; FIGURES; 1. IMF Top Down Approach; 7. Mapping Basel II Asset Classes and Exposures by Economic Sectors into New Basel II Asset Classes; 8. Dividends Distribution Schedule; 2. Geographical and Sectoral Distribution of Losses and Exposures; 3. IMF TD Solvency Stress Test Results-Sensitivity Analysis; C. OSFI Top-down Stress Test; BOX; 1. OSFI Algorithm to Project Loan Book; D. Reconciliation of Results; 9. Main Differences Between Different Approaches; E. Recommendations and Policy Implications 4. Macro-financial Risk Assessment Framework (MFRAF) of the BoC5. MFRAF Modules; 6. MFRAF Modulus Timing; 7. The BoC Liquidity and Network Stress Test Results, Baseline Scenario; 8. Aggregate Loss Distributions, Baseline Scenario; 9. The BoC Liquidity and Network Stress Test Results, Adverse Scenario; 10. Aggregate Loss Distributions, Adverse Scenario; LIFE INSURANCE SECTOR-SOLVENCY STRESS TEST; 11. Total MCCSR Ratio in Baseline and Adverse Scenario; 12. Total Tier 1 Ratio in Baseline and Adverse Scenario; 13. Net Income in Baseline and Adverse Scenario; CMHC SOLVENCY STRESS TEST 14. Contribution to MCCSR Deviation from Baseline 10. FSIs: Big 6 versus the Rest of the Banking System; ANNEX; I. Statistical Annex; 15. Developments in Banking Sector; 11. Summary of Banks' Stress Testing Results; 16. Scenarios-Canada, Main Variables; 17. Scenarios-US, Euro Area, Other, Main Variables; 18. IMF Top Down Model of Income Statement-Interest Income; 19. IMF Top Down Model of Income Statement-Interest Expense; 20. IMF Top Down Model of Income Statement-Trading Income; 21. IMF Top Down Model of Income Statement-Non-interest Income 22. IMF Top Down Model of Income Statement-Non-interest Expense 23. IMF Top Down Assumptions-Loans, Deposits; 24. IMF Top Down Assumptions-Loans, Balance Sheet; 25. Solvency Stress Test Results; 26. Drivers of Stress Test Results-Contributions to CET1 Change; 27. Drivers of Stress Test Results-Contributions to Net Income; 28. Net Income and RWAs-Comparison; 29. Net Income and RWAs-Comparison; 30. Parameters of RWAs and Expected Losses-Comparison; 31. Recapitalization Needs-as Percent in gross income; 12. Liquid and Illiquid Assets of the BSL Metric-Haircuts Calibration 13. Outflows of BSL Metric-Run-off Rates Calibration |
| Record Nr. | UNINA-9910828427703321 |
| Washington, D.C. : , : International Monetary Fund, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Canadian Residential Mortgage Markets : : Boring But Effective? / / John Kiff
| Canadian Residential Mortgage Markets : : Boring But Effective? / / John Kiff |
| Autore | Kiff John |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (19 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Mortgage loans - Canada
Housing - Canada - Finance Mortgage guarantee insurance - Canada Banks and Banking Investments: Bonds Industries: Financial Services Insurance Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance Banks Depository Institutions Micro Finance Institutions Mortgages General Financial Markets: General (includes Measurement and Data) Insurance Companies Actuarial Studies Finance Investment & securities Banking Insurance & actuarial studies Loans Residential mortgages Covered bonds Financial institutions Bonds Banks and banking |
| ISBN |
1-4623-4265-5
1-4527-5309-1 1-4518-7277-1 1-282-84344-3 9786612843440 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Key Features of the Canadian Housing Finance System; III. Typical Features of Canadian Residential Mortgages; A. Canadian Mortgage Interest Rates; B. Origination and Prepayment Costs; Tables; 1. Non-Interest Rate Mortgage Cost Comparisona; C. Mortgage Insurance; IV. Prime Borrower Mortgage Funding Access; 2. Comparison of Canadian and U.S. Mortgage Insurance Premia on Prime; V. Summary and Policy Suggestions; Boxes; 1. Canadian Covered Bond Issuance; 2. CMHC Mortgage Rate Protection Program; Figures; 1. Canadian Residential Mortgages Outstanding
2. Outstanding NHS MBS and CMBs3. Canadian Bank Fixed-Term Mortgage Rates; 4. Residential Mortgage Versus Interest Rate Swap Rates; 5. 90-Day+ Delinquency Rate; References |
| Record Nr. | UNINA-9910788333603321 |
Kiff John
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Canadian Residential Mortgage Markets : : Boring But Effective? / / John Kiff
| Canadian Residential Mortgage Markets : : Boring But Effective? / / John Kiff |
| Autore | Kiff John |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (19 p.) |
| Disciplina | 338.29134 |
| Collana | IMF Working Papers |
| Soggetto topico |
Mortgage loans - Canada
Housing - Canada - Finance Mortgage guarantee insurance - Canada Banks and Banking Investments: Bonds Industries: Financial Services Insurance Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance Banks Depository Institutions Micro Finance Institutions Mortgages General Financial Markets: General (includes Measurement and Data) Insurance Companies Actuarial Studies Finance Investment & securities Banking Insurance & actuarial studies Loans Residential mortgages Covered bonds Financial institutions Bonds Banks and banking |
| ISBN |
1-4623-4265-5
1-4527-5309-1 1-4518-7277-1 1-282-84344-3 9786612843440 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Key Features of the Canadian Housing Finance System; III. Typical Features of Canadian Residential Mortgages; A. Canadian Mortgage Interest Rates; B. Origination and Prepayment Costs; Tables; 1. Non-Interest Rate Mortgage Cost Comparisona; C. Mortgage Insurance; IV. Prime Borrower Mortgage Funding Access; 2. Comparison of Canadian and U.S. Mortgage Insurance Premia on Prime; V. Summary and Policy Suggestions; Boxes; 1. Canadian Covered Bond Issuance; 2. CMHC Mortgage Rate Protection Program; Figures; 1. Canadian Residential Mortgages Outstanding
2. Outstanding NHS MBS and CMBs3. Canadian Bank Fixed-Term Mortgage Rates; 4. Residential Mortgage Versus Interest Rate Swap Rates; 5. 90-Day+ Delinquency Rate; References |
| Record Nr. | UNINA-9910827476903321 |
|
Kiff John
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The Caucasus and Central Asia : : Transitioning to Emerging Markets
| The Caucasus and Central Asia : : Transitioning to Emerging Markets |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
| Descrizione fisica | 1 online resource (87 p.) |
| Collana | Departmental Papers |
| Soggetto topico |
Public Policy
International Economics Public Finance Industries: Financial Services Infrastructure Finance: General Political Economy International Agreements and Observance International Organizations Financial Institutions and Services: General Fiscal Policy Investment Capital Intangible Capital Capacity General Financial Markets: General (includes Measurement and Data) Taxation, Subsidies, and Revenue: General Political economy International institutions Macroeconomics Finance Public finance & taxation International organization Financial sector Economic sectors Fiscal policy National accounts Emerging and frontier financial markets Financial markets Revenue administration Economics International agencies Financial services industry Saving and investment Revenue |
| ISBN |
1-4755-8827-5
1-4755-1534-0 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Altri titoli varianti | Caucasus and Central Asia |
| Record Nr. | UNINA-9910693840203321 |
| Washington, D.C. : , : International Monetary Fund, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central America : : Structural Foundations for Regional Financial Integration
| Central America : : Structural Foundations for Regional Financial Integration |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (141 p.) |
| Collana | Books |
| Soggetto topico |
Intermediation (Finance) - Central America
Insurance - Central America Securities - Central America Migrant remittances - Central America Finance - Central America Banks and Banking Exports and Imports Finance: General Insurance Industries: Financial Services Investments: General Banks Depository Institutions Micro Finance Institutions Mortgages Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Insurance Companies Actuarial Studies Remittances General Financial Markets: General (includes Measurement and Data) Financial Institutions and Services: Government Policy and Regulation Finance Banking Insurance & actuarial studies International economics Investment & securities Financial services law & regulation Payment systems Insurance companies Financial markets Financial institutions Securities Balance of payments Banks and banking Clearinghouses International finance Financial instruments |
| ISBN |
1-4552-5900-4
1-4527-9375-1 1-283-53512-2 9786613847577 1-4519-7069-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ; Overview and background / Patricia Brenner and Jens Clausen -- Consolidated supervision of financial groups in Central America / Patricia Brenner and R. Armando Morales -- Development of the insurance sector / Daniel Hardy and Miguel Palomino -- Payment and securities settlement systems / Massimo Cirasino and Mario Guadamillas -- Migrant remittances in Central America / Dilip Ratha. |
| Record Nr. | UNINA-9910780745903321 |
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central America : : Structural Foundations for Regional Financial Integration
| Central America : : Structural Foundations for Regional Financial Integration |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (141 p.) |
| Collana | Books |
| Soggetto topico |
Intermediation (Finance) - Central America
Insurance - Central America Securities - Central America Migrant remittances - Central America Finance - Central America Banks and Banking Exports and Imports Finance: General Insurance Industries: Financial Services Investments: General Banks Depository Institutions Micro Finance Institutions Mortgages Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Insurance Companies Actuarial Studies Remittances General Financial Markets: General (includes Measurement and Data) Financial Institutions and Services: Government Policy and Regulation Finance Banking Insurance & actuarial studies International economics Investment & securities Financial services law & regulation Payment systems Insurance companies Financial markets Financial institutions Securities Balance of payments Banks and banking Clearinghouses International finance Financial instruments |
| ISBN |
1-4552-5900-4
1-4527-9375-1 1-283-53512-2 9786613847577 1-4519-7069-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ; Overview and background / Patricia Brenner and Jens Clausen -- Consolidated supervision of financial groups in Central America / Patricia Brenner and R. Armando Morales -- Development of the insurance sector / Daniel Hardy and Miguel Palomino -- Payment and securities settlement systems / Massimo Cirasino and Mario Guadamillas -- Migrant remittances in Central America / Dilip Ratha. |
| Record Nr. | UNINA-9910810288503321 |
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central Bank Collateral Frameworks : : Principles and Policies / / Rebecca McCaughrin, Simon Gray, Alexandre Chailloux
| Central Bank Collateral Frameworks : : Principles and Policies / / Rebecca McCaughrin, Simon Gray, Alexandre Chailloux |
| Autore | McCaughrin Rebecca |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (69 pages) : illustrations (some color) |
| Disciplina | 332.11 |
| Altri autori (Persone) |
GraySimon
ChaillouxAlexandre |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Banks and banking, Central
Financial crises Bank loans Risk management Liquidity (Economics) Banks and Banking Finance: General Investments: General Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Central Banks and Their Policies General Financial Markets: General (includes Measurement and Data) Portfolio Choice Investment Decisions Finance Banking Investment & securities Collateral Open market operations Securities Liquidity Loans Banks and banking Financial instruments Economics |
| ISBN |
1-4623-0029-4
1-4519-8627-0 1-4518-7080-9 9786612841736 1-282-84173-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788344803321 |
|
McCaughrin Rebecca
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central Bank Collateral Frameworks : : Principles and Policies / / Rebecca McCaughrin, Simon Gray, Alexandre Chailloux
| Central Bank Collateral Frameworks : : Principles and Policies / / Rebecca McCaughrin, Simon Gray, Alexandre Chailloux |
| Autore | McCaughrin Rebecca |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (69 pages) : illustrations (some color) |
| Disciplina | 332.11 |
| Altri autori (Persone) |
GraySimon
ChaillouxAlexandre |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Banks and banking, Central
Financial crises Bank loans Risk management Liquidity (Economics) Banks and Banking Finance: General Investments: General Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Central Banks and Their Policies General Financial Markets: General (includes Measurement and Data) Portfolio Choice Investment Decisions Finance Banking Investment & securities Collateral Open market operations Securities Liquidity Loans Banks and banking Financial instruments Economics |
| ISBN |
1-4623-0029-4
1-4519-8627-0 1-4518-7080-9 9786612841736 1-282-84173-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover Page -- Title Page -- Copyright Page -- Contents -- I. Central Bank Operations and Collateral -- II. Central Bank Collateral Frameworks -- A. Collateral Policy Key Principles -- 1. The Real Bills Doctrine -- B. Modern Collateral Policies -- 2. A Mapping of Central Bank Collateral Frameworks -- 1. Mapping of Collateral Frameworks -- C. Bank Loans as Collateral -- D. Foreign Exchange Swaps and Securities as Collateral -- III. Collateral Policy and Adverse Selection -- A. Liquidity Demand and Collateral Impact in Time of Crisis -- 2. The Inverted Money Pyramid: Reserve Money Shock -- 3. The Inverted Money Pyramid: Funding Shock -- B. Adverse Selection Mechanisms and "Market Neutrality" -- 4. Eurosystem Collateral -- 3. Eurosystem Operations and Collateral Selection -- 5. Eurosystem Operations and Collateral Selection -- 6. Federal Reserve-Composition of Collateral -- 1. Federal Reserve Bank Short-Term OMO Collateral -- 2. Eurosystem Collateral Use vs. Availability 2007 -- 7. Euro-area Widening of Spreads -- IV. Dynamic Management of a Collateral Framework -- A. Merits of a Contra-cyclical Collateral Framework -- 8. Countercyclical Collateral Framework -- B. Central Bank Balance Sheet and Collateral Intensity -- C. The Case for Harmonized Collateral Frameworks -- V. Conclusions -- 1. Collateral and the 2007-08 Market Turmoil -- 2. United States Collateral Framework -- 9. Federal Reserve: Repo Collateral -- 10. Federal Reserve: Primary Credit Facility Collateral -- 3. Federal Reserve Bank Collateral Haircuts -- 3. The Eurosystem Collateral Framework -- 4. Eurosystem: Summary of Bank Loan Eligibility Criteria -- 5. Eurosystem: Haircut Schedule for Nonmarketable Collateral -- 11. Eurosystem Use of Bank Loans by Country before and after the Single List -- 4. United Kingdom Collateral Framework -- 6. Margin Ratios for Wider Collateral Pool.
4. Bank of England Concentration Limits -- 5. Bank of England Rules for Extended Collateral in 3-month OMOs -- 6. Bank of England Arrangements for Loans Secured Against Mortgages -- 5. Risk Control Measures (as of May 2008) -- References -- Footnotes. |
| Record Nr. | UNINA-9910816917603321 |
|
McCaughrin Rebecca
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux
| Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux |
| Autore | Stella Peter |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (54 p.) |
| Disciplina | 332.11 |
| Altri autori (Persone) |
ShimizuSeiichi
GraySimon KluehUlrich ChaillouxAlexandre |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Banks and banking, Central
Monetary policy Financial crises Banks and Banking Finance: General Money and Monetary Policy Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Central Banks and Their Policies Portfolio Choice Investment Decisions Monetary Policy Banking Finance Monetary economics Collateral Open market operations Liquidity Standing facilities Banks and banking Loans Economics |
| ISBN |
1-4623-8808-6
1-4527-2587-X 1-282-84161-0 1-4518-7068-X 9786612841613 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Glossary; Executive Summary; I. General Considerations; II. Uncertainties; A. Market Demand for Liquidity; B. Functioning of Liquidity Distribution Networks; C. Collateral: Adverse Selection and Gresham's Law; Figures; 1. Composition of Collateral-Federal Reserve; 2. Eligible Collateral by Asset Type, (LH) and Collateral Used (RH); 3. Composition of Collateral Used for Temporary Operations-Bank of Japan; D. Maturity Structure of Liquidity Demand; III. Analysis of Recent Developments; A. Liquidity Management; 4. Eurosystem Daily and Average Reserve Holdings
B. Distribution Networks and CounterpartiesBoxes; 1. Reserve Flexibility Through Target Bands in the United Kingdom; Tables; 1. Counterparty Arrangements; 2. Initial Participation in the Federal Reserve's Term Auction Facility; 2. The Term Auction Facility; C. Collateral; 3. European Central Bank Weekly Main Refinancing Operation Marginal Rate vs. Coincident Market Rates Before and After the Crisis; 4. Federal Reserve Bank Open Market Operations Collateral; D. Term Operations and Monetary Policy; 5. Total Domestic Portfolio; 6. A Structure of Overall Liquidity Provision by Type of Operation 7. Bank of England OMOs: Monthly Average Amount Outstanding Central Bank Repos (2007-2008)8. Term of Reserve Bank of Australia Repos 2007; 3. Changes in the Monetary Policy Stance since July 2007; E. Instruments "Stigma"; F. Cross-border Liquidity Provision: Does the Cross-Border Market Matter?; 9. U.S. Dollar Short-term Rates; 10. Spread Between Morning Rate and Federal Reserve Funds Target Rate; 11. Spread Between Federal Reserve Funds Effective Rate and Morning Rate; G. Innovations: Asset-based Operations (TSLF and SLS) and the PDCF; 5. Term Liquidity Bidders; IV. Exit Strategies V. ConclusionsA. Liquidity Management; B. Distribution Networks and Counterparties; C. Collateral; D. Term Operations and Monetary Policy; E. Stigma; F. Cross-border Liquidity; 13. Three-Month LIBOR to Overnight Index Swap Spreads; Appendixes; I. Chronology of Central Banks' Response to Financial Turmoil During 2007-08; 14. United States: Selected Federal Reserve Policy Actions and Term Funding Stress; 15. European Central Bank Main Refinancing Rate vs. Eurepo One Week and Euribor One Week; II. Detailed Chronology of Measures Taken by Central Banks; Reference |
| Record Nr. | UNINA-9910788345603321 |
|
Stella Peter
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux
| Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux |
| Autore | Stella Peter |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (54 p.) |
| Disciplina | 332.11 |
| Altri autori (Persone) |
ShimizuSeiichi
GraySimon KluehUlrich ChaillouxAlexandre |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Banks and banking, Central
Monetary policy Financial crises Banks and Banking Finance: General Money and Monetary Policy Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Central Banks and Their Policies Portfolio Choice Investment Decisions Monetary Policy Banking Finance Monetary economics Collateral Open market operations Liquidity Standing facilities Banks and banking Loans Economics |
| ISBN |
1-4623-8808-6
1-4527-2587-X 1-282-84161-0 1-4518-7068-X 9786612841613 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Glossary; Executive Summary; I. General Considerations; II. Uncertainties; A. Market Demand for Liquidity; B. Functioning of Liquidity Distribution Networks; C. Collateral: Adverse Selection and Gresham's Law; Figures; 1. Composition of Collateral-Federal Reserve; 2. Eligible Collateral by Asset Type, (LH) and Collateral Used (RH); 3. Composition of Collateral Used for Temporary Operations-Bank of Japan; D. Maturity Structure of Liquidity Demand; III. Analysis of Recent Developments; A. Liquidity Management; 4. Eurosystem Daily and Average Reserve Holdings
B. Distribution Networks and CounterpartiesBoxes; 1. Reserve Flexibility Through Target Bands in the United Kingdom; Tables; 1. Counterparty Arrangements; 2. Initial Participation in the Federal Reserve's Term Auction Facility; 2. The Term Auction Facility; C. Collateral; 3. European Central Bank Weekly Main Refinancing Operation Marginal Rate vs. Coincident Market Rates Before and After the Crisis; 4. Federal Reserve Bank Open Market Operations Collateral; D. Term Operations and Monetary Policy; 5. Total Domestic Portfolio; 6. A Structure of Overall Liquidity Provision by Type of Operation 7. Bank of England OMOs: Monthly Average Amount Outstanding Central Bank Repos (2007-2008)8. Term of Reserve Bank of Australia Repos 2007; 3. Changes in the Monetary Policy Stance since July 2007; E. Instruments "Stigma"; F. Cross-border Liquidity Provision: Does the Cross-Border Market Matter?; 9. U.S. Dollar Short-term Rates; 10. Spread Between Morning Rate and Federal Reserve Funds Target Rate; 11. Spread Between Federal Reserve Funds Effective Rate and Morning Rate; G. Innovations: Asset-based Operations (TSLF and SLS) and the PDCF; 5. Term Liquidity Bidders; IV. Exit Strategies V. ConclusionsA. Liquidity Management; B. Distribution Networks and Counterparties; C. Collateral; D. Term Operations and Monetary Policy; E. Stigma; F. Cross-border Liquidity; 13. Three-Month LIBOR to Overnight Index Swap Spreads; Appendixes; I. Chronology of Central Banks' Response to Financial Turmoil During 2007-08; 14. United States: Selected Federal Reserve Policy Actions and Term Funding Stress; 15. European Central Bank Main Refinancing Rate vs. Eurepo One Week and Euribor One Week; II. Detailed Chronology of Measures Taken by Central Banks; Reference |
| Record Nr. | UNINA-9910825895203321 |
|
Stella Peter
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Soggetto topico
-
Industries: Financial Services
(441)
- Finance (423)
- Mortgages (356)
- Banks (355)
- Depository Institutions (355)