Results 11 to 20 of about 69 (69)
Financial Integration and Systemic Risk [PDF]
Recent empirical studies criticize the sluggish financial integration in the euro area and find that only interbank money markets are fully integrated so far. This paper studies the optimal regional and/or sectoral integration of financial systems given that integration is restricted to the interbank market.
Fecht, Falko, Grüner, Hans Peter
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African financial systems: A review
AbstractWe start by providing an overview of financial systems in the African continent. We then consider the regions of Arab North Africa, West Africa, East and Central Africa, and Southern Africa in more detail. The paper covers, among other things, central banks, deposit-taking banks, non-bank institutions, such as the stock markets, fixed income ...
Allen, Franklin+2 more
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FFS - Financialization in the food system
There is growing concern about financialization in the food sector, which refers to the increasingly important role played by financial actors, markets, and motives in decisions along agrifood supply chains. Financial actors have long been intertwined in the agriculture and food sector, but their activities have intensified and have become more complex
Annette Aurélie Desmarais+2 more
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Financial Network Systemic Risk Contributions [PDF]
We propose the realized systemic risk beta as a measure of financial companies' contribution to systemic risk, given network interdependence between firms' tail risk exposures. Conditional on statistically pre-identified network spillover effects and market and balance sheet information, we define the realized systemic risk beta as the total time ...
Julia Schaumburg+4 more
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Financial crises and reform of the international financial system [PDF]
Between December 1994 and March 1999, Mexico, Thailand, Indonesia, Korea, Malaysia, Russia and Brazil experienced major financial crises, which were associated with massive recessions and extreme movements of exchange rates. Similar crises have threatened Turkey and Argentina (2000 and 2001) and most recently Brazil (again).
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ANTICORRELATIONS AND SUBDIFFUSION IN FINANCIAL SYSTEMS [PDF]
Statistical dynamics of financial systems is investigated, based on a model of a randomly coupled equation system driven by a stochastic Langevin force. It is found that in a stable regime the noise power spectrum of the system is 1/f-like: ∝ ω- 3/2 (where ω is the frequency), that the autocorrelation function of the increments of the variables ...
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Financial Intermediation and the Post-Crisis Financial System [PDF]
Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization appears to have concentrated the risks in the financial intermediary sector itself. This paper outlines an accounting framework for the financial system for assessing the impact of securitization on financial stability.
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Systemic Risk in Financial Networks
Financial inter-linkages play an important role in the emergence of financial instabilities and the formulation of systemic risk can greatly benefit from a network approach. In this paper, we focus on the role of linkages along the two dimensions of contagion and liquidity, and we discuss some insights that have recently emerged from network models ...
Stefano Battiston, Guido Caldarelli
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Financial Village Standing in Indonesian Financial System
Financial resources of the village that are sourced from a country or a Regional Finance Financial based Law Number 6 Year 2014 of The Village is the mandate of the law that must be allocated to the village. The interconnectedness of the financial position of the village in the financial system of the country or Region concerned the Financial ...
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Is Reregulation of the Financial System an Oxymoron? [PDF]
The extension of the subprime mortgage crisis to a global financial meltdown led to calls for fundamental reregulation of the U.S. financial system. However, that reregulation has been slow in implementation and the proposals under discussion are far from fundamental.
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