Author/Editor: Joseph Goh, Heedon Kang, Zhi Xing Koh, Jin Way Lim, Cheng Wei Ng, Galen Sher, Chris Yao.

Release Date:February, 2020

Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This more...

Author/Editor: Jorge A Chan-Lau, Cheng Hoon Lim, Jose Daniel Rodríguez-Delgado, Bennett W Sutton, Melesse Tashu.

Release Date:June, 2017

This paper suggests a novel approach to assess corporate sector solvency risk. The approach uses a Bottom-Up Default Analysis that projects probabilities of default of individual firms conditional on more...

Author/Editor: Cheng Hoon Lim, Alexander D Klemm, Sumiko Ogawa, Marco Pani, Claudio Visconti.

Release Date:March, 2017

Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their content, quality, and transparency. While some more...

Author/Editor: Ratna Sahay, Cheng Hoon Lim, Chikahisa Sumi, James P Walsh, Jerald A Schiff.

Release Date:August, 2015

Asia’s financial systems proved resilient to the shocks from the global financial crisis, and growth since then has been strong. But new challenges have emerged in the region’s economies, more...

Author/Editor: Phakawa Jeasakul, Cheng Hoon Lim, Erik J Lundback.

Release Date:February, 2014

Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial more...

Author/Editor: Cheng Hoon Lim, Rishi S Ramchand, Hong Wang, Xiaoyong Wu.

Release Date:July, 2013

This paper surveys institutional arrangements for macroprudential policy in Asia. Central banks in Asia typically have a financial stability mandate, and play a key role in the macroprudential more...

Author/Editor: Cheng Hoon Lim, Ivo Krznar, Fabian Lipinsky, Akira Otani, Xiaoyong Wu.

Release Date:July, 2013

This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in more...

Author/Editor: Dale F Gray, Elena Loukoianova, Samuel W Malone, Cheng Hoon Lim.

Release Date:February, 2008

This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative more...

Author/Editor: Donal McGettigan, Xavier Debrun, Mark E L Griffiths, Reza Moghadam, Ernesto Ramirez Rigo, Martin Schindler, Mats Josefsson, Cheng Hoon Lim, Christian Keller, Christoph Klingen, Chris Lane, Oya Celasun, Ashoka Mody, Dewitt Marston, Mathew A Verghis.

Release Date:September, 2005

The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and more...

Author/Editor: Michael T Gapen, Dale F Gray, Cheng Hoon Lim, Yingbin Xiao.

Release Date:August, 2005

This paper develops a comprehensive new framework to measure and analyze sovereign risk. Since traditional macroeconomic vulnerability indicators and accounting-based measures do not address risk in more...