 | Policy Instruments to Lean Against the Wind in Latin America Author/Editor: G. Terrier, Rodrigo O. Valdes, Camilo Ernesto Tovar Mora, Jorge A. Chan-Lau, Carlos Fernandez Valdovinos, Mercedes Garcia-Escribano, Carlos I. Medeiros, Man-Keung Tang, Mercedes Vera Martin, W. Christopher Walker. Release Date:July, 2011 This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments more...
| Price: $18.00
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| Regulatory Capital Charges for Too-Connected-to-Fail Institutions : A Practical Proposal Author/Editor: Jorge A. Chan-Lau. Release Date:April, 2010 The recent financial crisis has highlighted once more that interconnectedness in the financial system is a major source of systemic risk. I suggest a practical way to levy regulatory capital charges more...
| Price: $18.00
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| Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems Author/Editor: Jorge A. Chan-Lau. Release Date:April, 2010 The 2008/9 financial crisis highlighted the importance of evaluating vulnerabilities owing to interconnectedness, or Too-Connected-to-Fail risk, among financial institutions for country monitoring, more...
| Price: $18.00
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| The Global Financial Crisis and its Impact on the Chilean Banking System Author/Editor: Jorge A. Chan-Lau. Release Date:April, 2010 This paper explores how the global turmoil affected the risk of banks operating in Chile, and provides evidence that could help strengthen work on vulnerability indicators and off-site supervision. more...
| Price: $18.00
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| Recent Advances in Credit Risk Modeling Author/Editor: Jose Giancarlo Gasha, Andre Santos, Jorge A. Chan-Lau, Carlos I. Medeiros, Marcos Souto, Christian Capuano. Release Date:August, 2009 As is well known, most models of credit risk have failed to measure the credit risks in the context of the global financial crisis. In this context, financial industry representatives, regulators and more...
| Price: $18.00
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 | Hong Kong SAR : Meeting the Challenges of Integration with the Mainland Author/Editor: William Lee, Jorge A. Chan-Lau, Dora M. Iakova, Papa M'B. P. N'Diaye, Tao Wang, Ida Liu, Hong Liang, Eswar Prasad. Release Date:February, 2004 This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of more...
| Price: $25.00
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| Equity Prices, Credit Default Swaps, and Bond Spreads in Emerging Markets Author/Editor: Yoon Sook Kim, Jorge A. Chan-Lau. Release Date:February, 2004 This paper examines equilibrium price relationships and price discovery between credit defaul swap (CDS), bond, and equity markets for emerging market sovereign issuers. Findings suggest that CDS and more...
| Price: $15.00
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| An Option-Based Approach to Bank Vulnerabilities in Emerging Markets Release Date:February, 2004 We measure bank vulnerability in emerging markets using the distance-to-default, a risk-neutral indicator based on Merton's (1974) structural model of credit risk. The indicator is estimated using more...
| Price: $20.00
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| Corporate Restructuring in Japan Author/Editor: Jorge A Chan-Lau. Release Date:December, 2001 The implementation of the Commercial Rehabilitation Law (CRL) on April 1, 2000 was considered a key event in setting up the official infrastructure supporting corporate restructuring in Japan. This more...
| Price: $5.00
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