Cargando…

Default, credit growth, and asset prices /

This paper uses a Merton-type estimate of the probability of default (PoD) for the main banks in a sample of Organization for Economic Cooperation and Development and middle-income countries as a proxy for the fragility of their banking systems. Based on theory and stylized facts, the paper explores...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Segoviano, Miguel A. (Autor), Goodhart, C. A. E. (Charles Albert Eric) (Autor), Hofmann, Boris (Autor)
Autor Corporativo: International Monetary Fund. Monetary and Financial Systems Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Monetary and Financial Systems Dept., 2006.
Colección:IMF working paper ; WP/06/223.
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000 a 4500
001 EBOOKCENTRAL_ocn694141201
003 OCoLC
005 20240329122006.0
006 m o d
007 cr cn|||||||||
008 070314s2006 dcuad ob i000 0 eng d
040 |a E7B  |b eng  |e pn  |c E7B  |d OCLCQ  |d OCLCE  |d OCLCF  |d OCLCO  |d EBLCP  |d DEBSZ  |d OCLCQ  |d CUS  |d LOA  |d MERUC  |d MOR  |d PIFAG  |d ZCU  |d OCLCQ  |d STF  |d WRM  |d ICG  |d CUS  |d NRAMU  |d VT2  |d AU@  |d OCLCQ  |d DKC  |d OCLCQ  |d SFB  |d UKCRE  |d BOL  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCL 
019 |a 647179317  |a 764537176  |a 961500631  |a 962628594  |a 966214703  |a 988530896  |a 991911658  |a 1037939943  |a 1038673521  |a 1045534656  |a 1058182613  |a 1081286744  |a 1107342807  |a 1114454243  |a 1153554717  |a 1202557697  |a 1228597734 
020 |a 9781451909364 
020 |a 1451909365 
029 1 |a AU@  |b 000053013411 
029 1 |a DEBBG  |b BV044086315 
029 1 |a DEBSZ  |b 449526445 
029 1 |a NZ1  |b 13864917 
035 |a (OCoLC)694141201  |z (OCoLC)647179317  |z (OCoLC)764537176  |z (OCoLC)961500631  |z (OCoLC)962628594  |z (OCoLC)966214703  |z (OCoLC)988530896  |z (OCoLC)991911658  |z (OCoLC)1037939943  |z (OCoLC)1038673521  |z (OCoLC)1045534656  |z (OCoLC)1058182613  |z (OCoLC)1081286744  |z (OCoLC)1107342807  |z (OCoLC)1114454243  |z (OCoLC)1153554717  |z (OCoLC)1202557697  |z (OCoLC)1228597734 
042 |a dlr 
050 4 |a HG4529.5  |b .S44 2006eb 
082 1 4 |a 330  |q OCoLC  |2 15/eng/20231120 
049 |a UAMI 
100 1 |a Segoviano, Miguel A.,  |e author. 
245 1 0 |a Default, credit growth, and asset prices /  |c Miguel A. Segoviano Basurto, Charles Goodhart, and Boris Hofmann. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Monetary and Financial Systems Dept.,  |c 2006. 
300 |a 1 online resource (43 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a text file  |2 rdaft  |0 http://rdaregistry.info/termList/fileType/1002 
490 1 |a IMF working paper ;  |v WP/06/223 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
520 |a This paper uses a Merton-type estimate of the probability of default (PoD) for the main banks in a sample of Organization for Economic Cooperation and Development and middle-income countries as a proxy for the fragility of their banking systems. Based on theory and stylized facts, the paper explores a range of financial and real variables that explain such PoDs across time. We find property price fluctuations and bank credit to be important explanatory factors. There is two-way interaction between these variables and a clearer relationship when the variables are entered as a deviation from trend. The lag structure between such developments and PoDs is long and varies widely across countries. The paper assesses the implications of these findings for economic policy. 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a Contents -- I. INTRODUCTION -- II. BANK CREDIT AND PROPERTY PRICES -- III. DEFAULT, CREDIT GROWTH, AND ASSET PRICES -- IV. RESULTS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- References 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Asset allocation  |x Econometric models. 
650 0 |a Credit  |x Econometric models. 
650 6 |a Affectation de l'actif  |x Modèles économétriques. 
650 6 |a Crédit  |x Modèles économétriques. 
650 7 |a Asset allocation  |x Econometric models  |2 fast 
650 7 |a Credit  |x Econometric models  |2 fast 
700 1 |a Goodhart, C. A. E.  |q (Charles Albert Eric),  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJwHjhMYX9BGFHckjQq4v3 
700 1 |a Hofmann, Boris,  |e author. 
710 2 |a International Monetary Fund.  |b Monetary and Financial Systems Department. 
758 |i has work:  |a Default, credit growth, and asset prices (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGxD3p4gvDdv3898MDXJH3  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Segoviano, Miguel A.  |t Default, credit growth, and asset prices.  |d [Washington, D.C.] : International Monetary Fund, Monetary and Financial Systems Dept., 2006  |w (OCoLC)156979698 
830 0 |a IMF working paper ;  |v WP/06/223. 
856 4 0 |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014510  |z Texto completo 
936 |a BATCHLOAD 
938 |a EBL - Ebook Library  |b EBLB  |n EBL3014510 
938 |a ebrary  |b EBRY  |n ebr10380893 
994 |a 92  |b IZTAP