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Assessing Financial Vulnerability
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Book Synopsis Assessing Financial Vulnerability by : Morris Goldstein
Download or read book Assessing Financial Vulnerability written by Morris Goldstein and published by Peterson Institute. This book was released on 2000 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the literature on the origins of currency and banking crises. It presents empirical tests on the performance of alternative early-warning indicators for emerging-market economies. The book also identifies crisis-threshold values for early-warning indicators.
Book Synopsis Assessing Financial Vulnerability in Emerging Economies by : Morris Goldstein
Download or read book Assessing Financial Vulnerability in Emerging Economies written by Morris Goldstein and published by . This book was released on 2018 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to identify key empirical regularities in the run-up to banking and currency crises that would enable officials and private market participants to recognize vulnerability to financial crises at an earlier stage. This, in turn, should make it easier to motivate the corrective policy actions that would prevent such crises from actually taking place. Interest in identifying early warning indicators of financial crises has soared of late, stoked primarily by two factors. First, there is increasing recognition that banking and currency crises can be extremely costly to the countries in which they originate; in addition, these crises often spillover via a variety of channels to increase the vulnerability of other countries to financial crisis. The second reason for the increased interest in early warning indicators of financial crises is that there is accumulating evidence that two of the most closely watched market indicators of default and currency risks-namely, interest rate spreads and changes in credit ratings - frequently do not provide much advance warning of currency and banking crises. The other reason why market prices may not signal impending crises is that there are often widely and strongly-held expectations of a bail-out of a troubled borrower by the official sector be it national or international. Dooley has stressed this point in several papers. If interest rate spreads and sovereign credit ratings only give advance warning of financial crises once in a while, increased interest attaches to the question of whether there are other early-warning indicators that would do a better job, and if so, what are they? This is one of the key questions we address in this paper.
Book Synopsis A Generalized Framework for the Assessment of Household Financial Vulnerability by : Mindaugas Leika
Download or read book A Generalized Framework for the Assessment of Household Financial Vulnerability written by Mindaugas Leika and published by International Monetary Fund. This book was released on 2017-11-07 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Household financial fragility has received considerable attention following the global financial crisis, but substantial gaps remain in the analytical underpinnings of household financial vulnerability assessment, as well as in data availability. This paper aims at integrating the contributions in the literature in a coherent fashion. The study proposes also analytical and estimation extensions aimed at improving the quality of estimates and allowing the assessment of household financial vulnerability in presence of data limitations. The result of this effort is a comprehensive framework, that has wide applicability to both advanced and developing economies. For illustrative purposes the paper includes a detailed application to one developing country (Namibia).
Book Synopsis Assessing Financial System Vulnerabilities by : Robert Barry Johnston
Download or read book Assessing Financial System Vulnerabilities written by Robert Barry Johnston and published by . This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Local Governments’ Financial Vulnerability by : Emanuele Padovani
Download or read book Local Governments’ Financial Vulnerability written by Emanuele Padovani and published by Routledge. This book was released on 2022-02-20 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local Governments’ Financial Vulnerability presents a conceptual framework developed to examine how vulnerable local finances were before and in the immediate aftermath of the COVID-19 pandemic crisis by mapping and systematising its dimensions and sources. The model is then applied to eight countries with different administrative models and traditions: Australia, Austria, Bosnia and Herzegovina, Germany, Italy, Portugal, Spain, and the United States. Comparative results reveal not only that COVID-19 impacts and policy tools had a lot of similarities across countries, but also that financial vulnerability has an inherently contingent nature in time and space and can lead to paradoxical outcomes. The book shows that the impact of the crisis on local governments’ finances has been postponed and that financial vulnerability is expected to increase dramatically for a few years following the pandemic, especially in larger and richer municipalities which are traditionally more autonomous and less financially vulnerable. The authors provide timely insights and analytical tools that can be useful for both academic and public policy purposes, to further appreciate local governments’ financial vulnerability, especially during crises. This book is a valuable resource for practitioners and academics, as well as students of public policy, public management, financial management, and public accounting. Local governments can use the framework to better appreciate and manage their financial vulnerability, while oversight authorities can use it to help local governments become less financially vulnerable or, at least, more aware of their financial vulnerability. Financial institutions, advisors, and rating agencies may use this publication to refine or revise their models of credit risk assessment.
Book Synopsis Assessing Financial System Vulnerabilities by : R. Barry Johnston
Download or read book Assessing Financial System Vulnerabilities written by R. Barry Johnston and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent financial crises have highlighted the potentially significant macroeconomic costs of financial system instability, and the potential for the instability in the financial system of one country to have broader implications for the stability of financial systems and macroeconomic performance in other countries. This paper reviews the different analytical approaches to assessing vulnerabilities in the financial systems and the benefits and limitations of the different approaches, and suggests enhancements that could help strengthen financial system stability assessments.
Book Synopsis Assessing Financial Vulnerability in the Nonprofit Sector by : Elizabeth K. Keating
Download or read book Assessing Financial Vulnerability in the Nonprofit Sector written by Elizabeth K. Keating and published by . This book was released on 2014 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective nonprofit governance relies upon understanding an organization's financial condition and vulnerabilities. However, financial vulnerability of nonprofit organizations is a relatively new area of study. In this paper, we compare two models used to forecast bankruptcy in the corporate sector (Altman 1968 and Ohlson 1980) with the model used by nonprofit researchers (Tuckman and Chang 1991). We find that the Ohlson model has higher explanatory power than either Tuckman and Chang's or Altman's in predicting four different measures of financial vulnerability. However, we show that none of the models, individually or combined, are effective in predicting financial distress. We then propose a more comprehensive model of financial vulnerability by adding two new variables to represent reliance on commercial-type activities to generate revenues and endowment sufficiency. We find that this model outperforms Ohlson's model and performs substantially better in explaining and predicting financial vulnerability. Hence, the expanded model can be used as a guide for understanding the drivers of financial vulnerability and for identifying more effective proxies for nonprofit sector financial distress for use in future research.
Book Synopsis Assessing Financial Vulnerability in Partially Dollarized Economies by : Juan F. Castro
Download or read book Assessing Financial Vulnerability in Partially Dollarized Economies written by Juan F. Castro and published by . This book was released on 2004 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda. In this context, liability dollarization plays a vital role and its implications have been addressed in the literature via a quot;financial acceleratorquot; mechanism. After allowing for different degrees of liability dollarization in a general equilibrium framework, this analysis uncovers some important implications about the role of the asset price channel and central bank's commitment with the exchange rate, when assessing financial vulnerability. If we asses vulnerability in terms of the evolution of investment, we claim that, in absence of an asset price channel, departures from a pure float will not only help mitigate vulnerability but will also be welfare improving. On the other hand, and with an active asset price channel, a tighter exchange rate policy will only have marginal effects on welfare and vulnerability when compared to that associated to a reduction in liability dollarization.
Book Synopsis Assessing The Financial Vulnerability To Climate-Related Natural Hazards by :
Download or read book Assessing The Financial Vulnerability To Climate-Related Natural Hazards written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mapping Financial Sector Vulnerability in a Non-Crisis Country by : Ms.Inci Ötker
Download or read book Mapping Financial Sector Vulnerability in a Non-Crisis Country written by Ms.Inci Ötker and published by International Monetary Fund. This book was released on 1999-05-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The forward-looking framework expounded in this paper links a qualitative evaluation of system-wide vulnerability (covering macro, sectoral, institutional, and systemic liquidity issues) with a quantitative assessment of the financial condition of significant financial institutions. Based on vulnerability criteria and judgmental stress tests, twelve indicators of soundness (measuring risk exposure, solvency, liquidity, profitability, and supervisory assessment) are developed. This holistic methodology can be used not only as an early warning/crisis-avoidance system to identify potential systemic problems—and problem institutions—requiring immediate attention, but also to pinpoint needed reforms in the legal, regulatory, and institutional infrastructure that can lessen the likelihood of a future crisis.
Book Synopsis Assessing Financial Vulnerability in Nonprofit Sports Organisations by : Carolyn J. Cordery
Download or read book Assessing Financial Vulnerability in Nonprofit Sports Organisations written by Carolyn J. Cordery and published by . This book was released on 2014 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funding and financial man ...
Book Synopsis Measuring Vulnerability to Natural Hazards by : Birkmann
Download or read book Measuring Vulnerability to Natural Hazards written by Birkmann and published by The Energy and Resources Institute (TERI). This book was released on 2007-01-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Vulnerability to Natural Hazards presents a broad range of current approaches to measuring vulnerability. It provides a comprehensive overview of different concepts at the global, regional, national, and local levels, and explores various schools of thought. More than 40 distinguished academics and practitioners analyse quantitative and qualitative approaches, and examine their strengths and limitations. This book contains concrete experiences and examples from Africa, Asia, the Americas and Europe to illustrate the theoretical analyses.The authors provide answers to some of the key questions on how to measure vulnerability and they draw attention to issues with insufficient coverage, such as the environmental and institutional dimensions of vulnerability and methods to combine different methodologies.This book is a unique compilation of state-of-the-art vulnerability assessment and is essential reading for academics, students, policy makers, practitioners, and anybody else interested in understanding the fundamentals of measuring vulnerability. It is a critical review that provides important conclusions which can serve as an orientation for future research towards more disaster resilient communities.
Author :The Department The Department of the Treasury Publisher :CreateSpace ISBN 13 :9781503371071 Total Pages :50 pages Book Rating :4.3/5 (71 download)
Book Synopsis Financial Counseling & Access for the Financially Vulnerable by : The Department The Department of the Treasury
Download or read book Financial Counseling & Access for the Financially Vulnerable written by The Department The Department of the Treasury and published by CreateSpace. This book was released on 2015-01-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Approximately one in twelve American households do not have a checking or savings account, and among very low-income households the proportion that is unbanked jumps to more than one in four. Not only do these low-income households lack basic financial tools, but they may also need to build their financial capability- the ability to make informed decisions about the use and management of money
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1498321119 Total Pages :85 pages Book Rating :4.4/5 (983 download)
Book Synopsis Canada by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1498324029 Total Pages :109 pages Book Rating :4.4/5 (983 download)
Book Synopsis Global Financial Stability Report, October 2019 by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Global Financial Stability Report, October 2019 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-10-16 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.
Book Synopsis Assessing the Financial Vulnerability of Euro Area Households by : Spyros Palligkinis
Download or read book Assessing the Financial Vulnerability of Euro Area Households written by Spyros Palligkinis and published by . This book was released on 2018 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces a micro-simulation framework that studies the financial vulnerability of euro area households. The framework updates micro-level household balance sheet data using macro-level information on unemployment, wages, inflation and market prices. Importantly, new mortgage contracts are created and existing ones are gradually repaid, while other balance sheet items are updated under a static balance sheet assumption. I show the use of the framework by (i) now-casting financial vulnerability indicators of euro area households in 2016, (ii) assessing this vulnerability under the most recent baseline and adverse macroeconomic scenario of the European Banking Authority, and (iii) assessing the impact of the capped LTV ratios on household financial distress.
Book Synopsis Assessing and Predicting Financial Vulnerability of Italian Households by : Alessandra Bettocchi
Download or read book Assessing and Predicting Financial Vulnerability of Italian Households written by Alessandra Bettocchi and published by . This book was released on 2016 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study develops a micro-founded model to analyse the economic-financial conditions of Italian households. Initially, an indicator is constructed for the base year 2014, which identifies vulnerable households based on the budget constraint and the composition of their financial portfolio. Subsequently, the impact of the predicted trends of macro-economic variables on the indicator is calculated in order to monitor its evolution in the short term (2015-2017). The empirical analysis is based on the Survey of Household Income and Wealth of the Bank of Italy and on the macroeconomic forecasts of Prometeia. The macroeconomic scenario for the period 2015-2017 implies a progressive reduction in the percentage of vulnerable households for the full extent of the projection.
