Tuesday, May 6th, 2008
How to define pro-cyclicality
Procyclicality is used in the context of discussing the effects of Basel II on the financial system. A simplified definition of pro-cyclicality is:
International rules have encouraged banks to act more aggressively when the economic cycle is in the middle of an upswing, when some argue that is ...
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Tuesday, April 22nd, 2008
Charles Goodhart has written an article called "Financial supervision from an historical perspective" in a book about the "Structure of Financial Regulation" by David Mayed and Geoffrey E Wood.
He mostly focuses on the role of the Central Bank in the financial system, and in particular about how the Bank of ...
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Tuesday, April 22nd, 2008
Puzzling Complexity
The global financial architecture is very complex. Despite increasing liberalization of financial markets, increased system risk and integration of the economies through the financial markets in the last 30 years, there is no single World Financial Authority regulating the financial markets, as Alexander, Eatwell and Dhumale have suggested.
Instead what ...
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Sunday, April 20th, 2008
When academics, analysts and scholars analyze the causes and remedies for the current credit crisis, most of them analyze macro-economic trends such as exchange rate movements, or micro-economic changes such as Basel II.
How the global financial architecture evolved and how that influences the probability of crisis is very rarely discussed. ...
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Tuesday, April 15th, 2008
In commenting the G7/FSF-report, Bill Cara makes an exemplified critique in the tradition of the American Populist movement:
The G-7 meetings are ‘potentially’ the most important in the world. This is the gathering of Finance/Treasury Ministers and Central Bankers of historically the seven most economically powerful nations.
There is a big gap, ...
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Wednesday, April 2nd, 2008
Institution: Irving Fisher Committee on Central Bank Statistics
Abbreviation: IFC
Type: Public
Founded: 1997
Members Total: 61 Central Banks, Centre for Latin American Monetary Studies (CEMLA), Central American Monetary Council (SECMCA)
Membership in: Institute of International Statistics (ISI)
Membership of:
Description: The Irving Fisher Committee on Central Bank Statistics (IFC) is a forum of central ...
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Wednesday, April 2nd, 2008
Institution: Group of 30
Abbreviation: G30
Type: Private
Founded: 1978
Members Total: 30
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Description: The Group of Thirty is a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia. It aims to deepen understanding of international economic and financial issues, to explore ...
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Wednesday, April 2nd, 2008
Institution: European Central Bank
Abbreviation: ECB
Type: Public
Founded:
Members Total:
Membership in: FSF, BIS, CEBS
Membership of:
Description:
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Wednesday, April 2nd, 2008
Institution: Committee on the Global Financial System
Abbreviation: CGFS
Type: Public
Founded: 1971
Members Total:
Membership in: FSF
Membership of: ECB
Description: The Committee has a mandate to identify and assess potential sources of stress in global financial markets, to further the understanding of the structural underpinnings of financial markets, and to promote improvements to the ...
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Wednesday, April 2nd, 2008
Institution: International Association of Deposit Insurers
Abbreviation: IADI
Type: Public
Founded: 2000
Members Total: 50 (Member Directory)
Membership in:
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Description:
The International Association of Deposit Insurers (IADI) is a separate legal entity domiciled at the Bank for International Settlements in Basel, Switzerland. IADI was created following the work of the study and working groups ...
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