| Description |
1 online resource (46 pages) : illustrations |
| Series |
IMF working paper ; WP/13/148 |
|
IMF working paper ; WP/13/148.
|
| Contents |
Cover; Contents; I. Introduction; II. Foreign funding in CESEE during the crisis; Figures; 1. Changes in External Positions of BIS Banks Before the Crisis; 2. External Positions of BIS Banks Before the Crisis; 3. Policy Responses and the Credit Boom; 4. Evolution of Real GDP Growth in Emerging Markets; 5. Changes in External Positions of BIS Banks During the Crisis; III. Why is foreign funding in CESEE so high?; 6. Banking Sector Foreign Control and Ownership; 7. Regional Correlations Between Foreign Ownership and Funding; 8. Foreign Ownership and Funding Controlling for Deposits |
|
9. Importance of FX Loans10. Importance of Foreign Banks in Latin America; 11. The Importance of Pension Funds in Bank Funding; IV. Are recent trends suggesting a "new normal" for funding in CESEE?; A. Recent funding trends; 12. Changes in Core and Non-Core Liabilities During the Crisis; Tables; 1. Foreign Control of Largest Banks; 13. Importance of Subsidiaries in Parent Consolidated Assets; 14. Importance of Foreign Banks in CESEE; 15. European Bank CDS Prices; Boxes; 1. M & A in the financial sector during the crisis: interesting changes; B. The high stock of FX loans |
|
C. Global regulatory reformsD. The status of capital market development; 16. Assets Under Management by NBFIs (percent of GDP); 17. Assets Under Management by NBFIs in Chile; 18. Importance of Life Insurance Business; 19. Investment Portfolio of NBFIs; 20. Size of Corporate Bond Issuance; 21. Assets Under Management by NBFIs (levels); 22. Market Capitalization of Bourses in the Region; V. Conclusions; VI. References; Annexes; Annex I -- External Positions of BIS Reporting Banks (over GDP); Annex II -- General outline of Basel III; 23. Investment Portfolio of NBFIs (details) |
|
Annex III -- Investment Portfolios of NBFIs (details) |
| Summary |
CESEE banks are reducing foreign funding sources in response to reduced external imbalances, reduced ability to tap international savings, banking group own strategies, initiatives by some regulators, and consistently with uncertainties surrounding the future of the banking union project. In the medium term, the global regulatory agenda and the high foreign presence and stock of FX loans exert opposite forces on rebalancing trends. In the long-term, any funding?new normal? will be determined by the future design of the EU financial architecture. In the meantime, limiting leverage, the use of |
| Notes |
Cover title |
|
Title from PDF title page (IMF Web site, viewed May 20, 2014) |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
| Subject |
Banks and banking -- Europe
|
|
Economic stabilization -- Europe
|
|
Banks and banking
|
|
Economic stabilization
|
|
Europe
|
| Form |
Electronic book
|
| Author |
Rudolph, Heinz P., author.
|
|
Ruggerone, Luigi, author.
|
| ISBN |
1475576811 |
|
9781475576818 |
|
148439108X |
|
9781484391082 |
|
1475567820 |
|
9781475567823 |
|
1484399676 |
|
9781484399675 |
|
