International Reserves and Foreign Currency Liquidity
International Reserves and Foreign Currency Liquidity

Author: International Monetary Fund. Statistics Dept.

Publisher: International Monetary Fund

Published: 2015-01-07

Total Pages: 258

ISBN-13: 1484350162

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This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.

Bank Liquidity and the Global Financial Crisis
Bank Liquidity and the Global Financial Crisis

Author: Laura Chiaramonte

Publisher: Palgrave Macmillan

Published: 2018-07-19

Total Pages: 0

ISBN-13: 9783319943992

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One of the lessons learned from the Global Financial Crisis of 2007–9 is that minimum capital requirements are a necessary but inadequate safeguard for the stability of an intermediary. Despite the high levels of capitalization of many banks before the crisis, they too experienced serious difficulties due to insufficient liquidity buffers. Thus, for the first time, after the GFC regulators realized that liquidity risk can jeopardize the orderly functioning of a bank and, in some cases, its survival. Previously, the risk did not receive the same attention by regulators at the international level as other types of risk including credit, market, and operational risks. The GFC promoted liquidity risk to a significant place in regulatory reform, introducing uniform international rules and best practices. The literature has studied the potential effects of the new liquidity rules on the behaviour of banks, the financial system, and the economy as a whole. This book provides a comprehensive understanding of the bank liquidity crisis that occurred during the GFC, of the liquidity regulatory reform introduced by the Basel Committee with the Basel III Accord, and its implications both at the micro and macroeconomic levels. Università Cattolica del Sacro Cuore contributed to the funding of this research project and its publication.

Financial Crises, Liquidity, and the International Monetary System
Financial Crises, Liquidity, and the International Monetary System

Author: Jean Tirole

Publisher: Princeton University Press

Published: 2002-07-21

Total Pages: 180

ISBN-13: 9780691099859

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Tirole analyzes the current views on financial crises and on the reform of the international financial architecture. Based on the Paolo Baffi Lecture the author delivered at the Bank of Italy, this refreshingly accessible book is teeming with rich insights that researchers, policy makers, and students at all levels will find indispensable.

Risk and Liquidity
Risk and Liquidity

Author: Hyun Song Shin

Publisher: OUP Oxford

Published: 2010-05-27

Total Pages: 205

ISBN-13: 0191613835

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This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. Hyun Song Shin's work has shed light on the global financial crisis and he has been a central figure in the policy debates. The paradox of the global financial crisis is that it erupted in an era when risk management was at the core of the management of the most sophisticated financial institutions. This book explains why. The severity of the crisis is explained by financial development that put marketable assets at the heart of the financial system, and the increased sophistication of financial institutions that held and traded the assets. Step by step, the lectures build an analytical framework that take the reader through the economics behind the fluctuations in the price of risk and the boom-bust dynamics that follow. The book examines the role played by market-to-market accounting rules and securitisation in amplifying the crisis, and draws lessons for financial architecture, financial regulation and monetary policy. This book will be of interest to all serious students of economics and finance who want to delve beneath the outward manifestations to grasp the underlying dynamics of the boom-bust cycle in a modern financial system - a system where banking and capital market developments have become inseparable.

International Financial Issues in the Pacific Rim
International Financial Issues in the Pacific Rim

Author: Takatoshi Ito

Publisher: University of Chicago Press

Published: 2008-09-15

Total Pages: 441

ISBN-13: 0226387089

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The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers’ understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. International Financial Issues in the Pacific Rim will have broad implications for global trade and economic policy issues in Asia and beyond.

Money Power and Financial Capital in Emerging Markets
Money Power and Financial Capital in Emerging Markets

Author: Ilias Alami

Publisher: Routledge

Published: 2019-12-09

Total Pages: 236

ISBN-13: 1000769003

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This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond.

The Financial Issues of the New International Economic Order
The Financial Issues of the New International Economic Order

Author: Jorge Lozoya

Publisher: Elsevier

Published: 2014-05-20

Total Pages: 254

ISBN-13: 1483152391

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The Financial Issues of the New International Economic Order discusses the establishment of the New International Economic Order (NIEO) in the monetary-financial area. Comprised of nine chapters, the book covers financial issues, such as monetary system, external debt, private bank, financing and capital markets, and petrodollars and collective reliance. Chapter 1 tackles the transfer of financial resource, while Chapter 2 discusses external disequilibrium in developing countries and the adjustment process. Chapter 3 deals with liquidity and international finance, and Chapter 4 covers the special drawing rights and development assistance. The fifth chapter discusses the trends of public external debt of developing countries, and the sixth chapter tackles the renegotiation of Third World debt and appropriate adjustments in international trade. Chapter 7 deals with financial aid and private banking institutions, while Chapter 8 covers the changing patterns in international liquidity and Eurocurrency multipliers. The last chapter discusses the use of OPEC funds for promoting collective self-reliance among developing countries. This book will be of great use to individuals who are interested in the financial issues faced by the NIEO.