Tag Archives for credit rating agencies
Pro-Cyclicality – Discussion of the problem and possible solutions
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 … Continue reading →
06. May 2008 by kasi
Categories: Discussions |
Tags: basel II, bis, central banks, Claudio Borio, Craig Furfine, credit rating agencies, definition, Dimitrios P Tsomocos, Eva Catarineu-Rabell, financial regulation, financial stability, fsa, George G. Pennacchi, ias, iasb, Jose Vinals, monetary policy, Nancy Masschelein, Patricia Jackson, Philip Lowe, Philip Turner, pro-cyclicality, regulators, subprime crisis, William R White |
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The mechanisms of the Credit Crisis – George Reismans article
George Reisman, who is associated with the Mises Institute, has written an interesting article called “Our Financial House of Cards“. As a student of Ludwig von Mises, he exemplifies the thinking of the Austrian School of Economics which is, like … Continue reading →
19. April 2008 by kasi
Categories: Discussions |
Tags: austrian school of economics, banks, credit rating agencies, economic theory, george reisman, goverment-sponsored-mortgage-lenders, libertarian, ludwig von mises, minimum capital requirement, subprime crisis |
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Discussion of 2008 FSF Report on Financial Stability
The FSF Report on Financial Stability (called “Enhancing Market and Institutional Resilience”) was yesterday approved by the G7. To assess the impact of the report on the global financial architecture and the responses to the credit crisis in the financial … Continue reading →
13. April 2008 by kasi
Categories: Reports |
Tags: banking supervision, banks, credit rating agencies, exchange rates, financial regulation, financial stability, fsf, g7, imf, sovereign wealth fund, subprime crisis |
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Overview of 2008 FSF Report on Financial Stability
The G7 Finance Ministers met yesterday at the IMF Spring Meeting and approved a report prepared by the Financial Stability Forum, the main forum bringing together Central Banks, Regulators and Finance Ministers. Before discussing the report in detail, it is … Continue reading →
13. April 2008 by kasi
Categories: Reports |
Tags: basel II, bcbs, credit rating agencies, european union, financial institutions, financial stability, financial stability forum, fsf, g7, iaasb, iais, imf, iosco, monoline insurers, otc-derivatives, pillar 2, pillar 3, securities, subprime crisis |
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