Essays about: "Florian Hemmerlein"

Found 1 essay containing the words Florian Hemmerlein.

  1. 1. Reassessing the Use of Aggregate Prudential Ratios to Identify Banking System Problems

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : James Armstrong; Florian Hemmerlein; [2012]
    Keywords : Financial Soundness Indicators; Macroprudential Analysis; Banking Crises; Financial Fragility;

    Abstract : Building on an early warning baseline model, this paper analyzes the application of macroprudential banking ratios for an economy's five largest financial institutions, constructed from balance-sheet data, on the probability of systemic banking crises occurring relative to the sector-wide aggregates that are commonly used by the International Monetary Fund (IMF) and other authorities. The investigation is motivated by the observation that the distribution of bank assets is highly asymmetric in advanced economies, the fact that an economy's largest banks are often implicated in systemic banking crises, as well as theory and empirical evidence demonstrating the large impact of shocks originating at large banks. READ MORE