Assessing Financial Vulnerability

Author : Morris Goldstein
Publisher : Peterson Institute
ISBN 13 : 9780881322378
Total Pages : 166 pages
Book Rating : 4.77/5 ( download)

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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.

Author : Mindaugas Leika
Publisher : International Monetary Fund
ISBN 13 : 1484322355
Total Pages : 56 pages
Book Rating : 4.52/5 ( download)

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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).

Author : Robert Barry Johnston
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.46/5 ( download)

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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:

Author : R. Barry Johnston
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.71/5 ( download)

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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.

Author : Emanuele Padovani
Publisher : Routledge
ISBN 13 : 1000581659
Total Pages : 108 pages
Book Rating : 4.52/5 ( download)

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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.

Author : Ms.Inci Ötker
Publisher : International Monetary Fund
ISBN 13 : 1451973438
Total Pages : 30 pages
Book Rating : 4.33/5 ( download)

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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.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498324029
Total Pages : 109 pages
Book Rating : 4.21/5 ( download)

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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.

Author : Mary Lynn Garcia
Publisher : Elsevier
ISBN 13 : 0080481671
Total Pages : 400 pages
Book Rating : 4.78/5 ( download)

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Download or read book Vulnerability Assessment of Physical Protection Systems written by Mary Lynn Garcia and published by Elsevier. This book was released on 2005-12-08 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vulnerability Assessment of Physical Protection Systems guides the reader through the topic of physical security with a unique, detailed and scientific approach. The book describes the entire vulnerability assessment (VA) process, from the start of planning through final analysis and out brief to senior management. It draws heavily on the principles introduced in the author’s best-selling Design and Evaluation of Physical Protection Systems and allows readers to apply those principles and conduct a VA that is aligned with system objectives and achievable with existing budget and personnel resources. The text covers the full spectrum of a VA, including negotiating tasks with the customer; project management and planning of the VA; team membership; and step-by-step details for performing the VA, data collection and analysis. It also provides important notes on how to use the VA to suggest design improvements and generate multiple design options. The text ends with a discussion of how to out brief the results to senior management in order to gain their support and demonstrate the return on investment of their security dollar. Several new tools are introduced to help readers organize and use the information at their sites and allow them to mix the physical protection system with other risk management measures to reduce risk to an acceptable level at an affordable cost and with the least operational impact. This book will be of interest to physical security professionals, security managers, security students and professionals, and government officials. Guides the reader through the topic of physical security doing so with a unique, detailed and scientific approach Takes the reader from beginning to end and step-by-step through a Vulnerability Assessment Over 150 figures and tables to illustrate key concepts

Author : Morris Goldstein
Publisher : Columbia University Press
ISBN 13 : 0881323047
Total Pages : 150 pages
Book Rating : 4.47/5 ( download)

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Download or read book Assessing Financial Vulnerability written by Morris Goldstein and published by Columbia University Press. This book was released on 2000-06-01 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European currency crises of 1992-93, the Mexican crisis of 1994-95, and especially the Asian/global crisis of 1997-98, have all contributed to a heightened interest in the early warning signals of financial crises. This pathbreaking study presents a comprehensive battery of empirical tests on the performance of alternative early warning indicators for emerging-market economies that should prove useful in the construction of a more effective global warning system. Not only are the authors able to draw conclusions about which specific indicators have sent the most reliable early warning signals of currency and banking crises in emerging economies, they also test the out-of-sample performance of the model during the Asian crisis and find that it does a good job of identifying the most vulnerable economies. In addition, they show how the early warning system can be used to construct a "composite" crisis indicator to weigh the importance of alternative channels of cross-country "contagion" of crises, and to generate information about the recovery path from crises. This timely study comes on the eve of impending changes at the International Monetary Fund as that institution reexamines how it reacts to financial crises. Moreover, the study provides "... a wealth of valuable elements for anyone investigating and forecasting adverse developments in emerging markets as well as industrial countries," according to Ewoud Schuitemaker, vice president of the economics department at ABN AMRO Bank.

Author : Dale F. Gray
Publisher : World Bank Publications
ISBN 13 : 9780821346037
Total Pages : 58 pages
Book Rating : 4.32/5 ( download)

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Download or read book Assessment of Corporate Sector Value and Vulnerability written by Dale F. Gray and published by World Bank Publications. This book was released on 1999-01-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Once equity has fallen below a certain threshold for a significant period of time, it triggers a suspension of debt payments and distorts incentives for equity holds and managers. But what is a significant period of time? You or I could pay a $10 million annual mortgage payment for a day or two but not two or three months. Similarly, owners and managers can withstand short periods of illiquidity or negative equity but not longer ones. At some point in time, the inability to meet obligations and perception of continued difficulties creates a system-wide breakdown in debt payments." The relationship between the corporate sector and a country's macroeconomy is receiving increased attention from policymakers and investors, especially those affected by the Asian crisis. Recent crises have pointed out the importance of improving our understanding of the links between the corporate sector, the financial sector, and the macroeconomy in a world of volatile capital flows. Assessing the vulnerability of the corporate sector and its links to financial and exchange rate crisis is important for both improved surveillance and in the design of policies in crisis countries. However, the analytical and operational tools available to policymakers and investors to analyze this problem have been limited. This Technical Paper was prepared as part of an initiative to develop new frameworks which can integrate state-of-the art corporate finance principles, macroeconomic, and financial sector analysis. An innovative yet practical framework is provided which has numerous applications for assessing corporate sector vulnerability, design of corporate restructuring strategies, as well as financial sector and macroeconomic policies. It will be of interest to bankers, economic policymakers, corporate finance specialists, and macroeconomists.