INTL: Economic & Financial Issues (Topic)最新文献_第8页

Foreign Banks: Trends, Impact and Financial Stability 外资银行:趋势、影响和金融稳定

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-12-28 DOI: 10.2139/SSRN.1977446

S. Claessens, N. V. Horen

{"title":"Foreign Banks: Trends, Impact and Financial Stability","authors":"S. Claessens, N. V. Horen","doi":"10.2139/SSRN.1977446","DOIUrl":"https://doi.org/10.2139/SSRN.1977446","url":null,"abstract":"Using a new, comprehensive database on bank ownership, identifying also the home country of foreign banks, for 137 countries over the period 1995-2009, this paper provides an overview of foreign bank activity and its impact of financial development and stability. We document substantial increases in foreign bank presence, especially in emerging markets and developing countries, but which slowed down dramatically with the onset of the global crisis. Over time, banks from many more home countries have become active as investors, with several emerging countries becoming important exporters. Investment, however, remains mostly regional. In terms of loans, deposits and profits, current market shares of foreign banks average 20 percent in OECD countries and close to 50 percent in developing countries and emerging markets. Foreign banks differ from domestic banks in key balance sheet variables, notably having higher capital and more liquidity, but lower profitability. Cross-country analysis shows that only in developing countries is foreign bank presence negatively correlated with domestic credit creation. Finally, using panel regressions, we show that during the global crisis foreign banks reduced credit more compared to domestic banks, but not when dominant in the host country.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114485415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 252

Conditional Probabilities for Euro Area Sovereign Default Risk 欧元区主权违约风险的条件概率

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-12-13 DOI: 10.2139/ssrn.1971705

A. Lucas, B. Schwaab, Xin Zhang

引用次数: 16

Tail Risk for Australian Emerging Market Entities 澳大利亚新兴市场实体的尾部风险

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-12-01 DOI: 10.2139/ssrn.1967299

D. Allen, A. Kramadibrata, R. Powell, Abhay K. Singh

{"title":"Tail Risk for Australian Emerging Market Entities","authors":"D. Allen, A. Kramadibrata, R. Powell, Abhay K. Singh","doi":"10.2139/ssrn.1967299","DOIUrl":"https://doi.org/10.2139/ssrn.1967299","url":null,"abstract":"Whilst the Australian economy is widely considered to have fared better than many of its global counterparts during the Global Financial Crisis, there was nonetheless extreme volatility experienced in Australian financial markets. To understand the extent to which emerging Australia entities were impacted by these extreme events as compared to established entities, this paper compares entities comprising the Emerging Markets Index (EMCOX) to established entities comprising the S&P/ASX 200 Index using four risk metrics. The first two are Value at Risk (VaR) and Distance to Default (DD), which are traditional measures of market and credit risk. The other two focuses on extreme risk in the tail of the distribution and include Conditional Value at Risk (CVaR) and Conditional Distance to Default (CDD), the latter metric being unique to the authors, and which applies CVaR techniques to default measurement. We apply these measures both prior to and during the GFC, and find that Emerging Market shares show higher risk for all metrics used, the spread between the emerging and established portfolios narrows during the GFC period and that the default risk spread between the two portfolios is greatest in the tail of the distribution. This information can be important to both investors and lenders in determining share or loan portfolio mix in extreme economic circumstances. Classification-JEL:","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125137722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Exporting and Productivity: The Effects of Multi-Market and Multi-Product Export Entry 出口与生产率:多市场、多产品出口进入的影响

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-11-30 DOI: 10.2139/ssrn.1966518

J. Masso, Priit Vahter

引用次数: 27

The Determinants of Foreign Investment Size: The Role of Parent Firm and National Distance 外商投资规模的决定因素:母公司的作用和国家距离

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-10-20 DOI: 10.2139/ssrn.1946957

Nan Zhou, Jiawen Yang

引用次数: 0

중국의 발전전략 전환과 권역별 경제동향 (The Transformation of the Mode of Economic Development and Regional Economic Trends in China) 中国发展战略转型与区域经济动向(The Transformation of The Mode of Economic Development and Regional Economic Trends in China)

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-10-07 DOI: 10.2139/SSRN.2322640

Wook Chae, C. Lee, Furong Jin

{"title":"중국의 발전전략 전환과 권역별 경제동향 (The Transformation of the Mode of Economic Development and Regional Economic Trends in China)","authors":"Wook Chae, C. Lee, Furong Jin","doi":"10.2139/SSRN.2322640","DOIUrl":"https://doi.org/10.2139/SSRN.2322640","url":null,"abstract":"After the global financial crisis, China is accelerating the transition of economic development model. The core of that strategy is the balanced growth: shift from the export-oriented growth to the growth balanced with consumption and shift from the coastal areas-oriented growth to the growth balanced with the inland areas. Meanwhile, China is quickening the pace of industrial upgrading from low value-added to high value-added. Under the circumstances, urbanization focusing on urban agglomeration, industrial transfer from the coastal areas to the inland areas, and the development of high technology industries and strategic new industries are initiating actively. This seminar proceedings is the output of \"The 1st China's Regional and Provincial Research Group International Conference\" held in November 2010. The proceedings covers many issues which concern the strategic changes of regional economic development, the present situation and trends of regional economic development, and policy suggestions to further strengthen the economic relationship between Korea and various regions of China.","PeriodicalId":420844,"journal":{"name":"INTL: Economic & Financial Issues (Topic)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117135369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Bad Banks Choking Good Banks: Simulating Balance Sheet Contagion 坏银行扼杀好银行:模拟资产负债表传染

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-10-05 DOI: 10.2139/SSRN.1939211

Stephen Kinsella, Saed Khalil

引用次数: 5

Interdependence of Banking and Stock Market Return in the Gulf Cooperation Council (Preliminary Analysis) 海湾合作委员会银行与股票市场收益的相互依存关系(初步分析)

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-08-20 DOI: 10.2139/ssrn.1913051

Abdulfatah Alsameen

引用次数: 1

Do Multinationals Beat Down Developing Countries’ Export Prices? The Impact of FDI on Net Barter Terms of Trade 跨国公司压低了发展中国家的出口价格?外国直接投资对净易货贸易条件的影响

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-08-16 DOI: 10.2139/ssrn.1938829

K. Wacker

引用次数: 3

Foreign Exchange Market Structure, Players and Evolution 外汇市场结构、参与者及其演变

INTL: Economic & Financial Issues (Topic) Pub Date : 2011-08-14 DOI: 10.2139/ssrn.1935858

M. King, C. Osler, Dagfinn Rime

引用次数: 105