 | Bank Solvency and Funding Cost Author/Editor: Christoph Aymanns, Carlos Caceres, Christina Daniel, Liliana Schumacher. Release Date:March, 2016 Understanding the interaction between bank solvency and funding cost is a crucial pre-requisite for stress-testing. In this paper we study the sensitivity of bank funding cost to solvency measures more...
| Price: $18.00
|
 | Rating Through-the-Cycle: What does the Concept Imply for Rating Stability and Accuracy? Author/Editor: John Kiff, Michael Kisser, Liliana Schumacher. Release Date:March, 2013 Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven more...
| Price: $18.00
|
| Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings Author/Editor: John Kiff, Sylwia Nowak, Liliana Schumacher. Release Date:January, 2012 We find that Credit Rating Agencies (CRA)'s opinions have an impact in the cost of funding of sovereign issuers and consequently ratings are a concern for financial stability. While ratings produced more...
| Price: $18.00
|
| Modeling Correlated Systemic Liquidity and Solvency Risks in a Financial Environment with Incomplete Information Author/Editor: Liliana Schumacher, Theodore M. Barnhill. Release Date:November, 2011 This paper proposes and demonstrates a methodology for modeling correlated systemic solvency and liquidity risks for a banking system. Using a forward looking simulation of many risk factors applied more...
| Price: $18.00
|
| The Determinants of Commercial Bank Profitability in Sub-Saharan Africa Author/Editor: Valentina Flamini, Liliana Schumacher, Calvin A. McDonald. Release Date:January, 2009 Bank profits are high in Sub-Saharan Africa (SSA) compared to other regions. This paper uses a sample of 389 banks in 41 SSA countries to study the determinants of bank profitability. We find that more...
| Price: $18.00
|
| Financial Deepening in Sub-Saharan Africa : Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing Author/Editor: Calvin A McDonald, Liliana Schumacher. Release Date:August, 2007 This paper investigates the role of creditor rights and information sharing in explaining why some financial markets in sub-Saharan Africa have remained shallow. The paper finds that while financial more...
| Price: $18.00
|
| Adopting Full Dollarization in Postconflict Economies : Would the Gains Compensate for the Losses in Liberia? Author/Editor: Liliana Schumacher, Jiro Honda. Release Date:March, 2006 This paper discusses whether adopting the U.S. dollar as the sole legal tender could help Liberia, a postconflict economy, to boost growth and strengthen fiscal discipline. In view of the performance more...
| Price: $15.00
|
| Market Volatility As a Financial Soundness Indicator : An Application to Israel Author/Editor: Armando Méndez Morales, Liliana Schumacher. Release Date:March, 2003 Financial decisions of economic agents are based on volatility considerations. However, no aggregate indicators have been used by policymakers and regulators to assess the market risk environment. more...
| Price: $15.00
|
|
Help