Download e-book for iPad: New Issues in Financial and Credit Markets by Franco Fiordelisi, Philip Molyneux, Daniele Previati
By Franco Fiordelisi, Philip Molyneux, Daniele Previati
This selection of convention papers presents a latest perception into key developments impacting at the worldwide monetary area publish situation and highlights new coverage and study parts affecting banks and different monetary associations. The 4 major issues are: monetary crises, credits job, capital markets and chance administration.
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Additional resources for New Issues in Financial and Credit Markets
At any rate, the decrease in buy-initiated transactions is not accompanied by a decline in the borrowers’ liquidity needs or by inaction relating to possible cuts in the money cost imposed by the financial authorities. As all this information is available to the banking system, the only factor that can affect trading volumes is the unfair distribution of information relating to the borrowers’ risk exposure. In this scenario, lenders confront two sets of problems: the assessment of the borrowers’ creditworthiness, because of the associated risk on the unsecured overnight market, and the self-assessment of their risk of possible exposure to a shock.
Liquidity risk premia in unsecured interbank money markets. ECB working paper, no 1025, March. European Central Bank (ECB). (2008). Financial Stability Review, w Frankfurt. European Central Bank (ECB). (2009). Euro Money Market Study, y Frankfurt. Ewerhart C. and Tapking J. (2008). Repo markets, counterparty risk, and 2007/2008 liquidity crisis. ECB working paper, no 909, June. K. (1996). Financial crises, payment system problems, and discount window lending. Journal of Money, Credit and Bankingg 28(4–2), 801–824.
The basic principle of China’s banking supervision is to ‘practice consolidated supervision, manage financial risks, improve internal controls and raise transparency’ while the focus is placed on monitoring the major risks in commercial banks and the systemic risks in the entire banking system. This approach aims to enhance commercial banks’ own risk-management and control systems, and requires a higher degree of transparency in order to impose market discipline on the banks. Pushed forward by the global financial crisis, China will raise the professional standards of supervision and its effectiveness in various ways.