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150128 ||| eng |
020 |
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|a 9781451982756
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100 |
1 |
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|a Chan-Lau, Jorge
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245 |
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|a Regulatory Capital Charges for Too-Connected-to-Fail Institutions
|b A Practical Proposal
|c Jorge Chan-Lau
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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300 |
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|a 25 pages
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651 |
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4 |
|a United States
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Depository Institutions
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653 |
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|a Banks
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653 |
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|a Asset valuation
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653 |
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|a Finance
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653 |
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|a Financial crises
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653 |
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|a Banks and banking
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653 |
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|a Value of Firms
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653 |
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|a General Financial Markets: Government Policy and Regulation
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653 |
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|a Micro Finance Institutions
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653 |
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|a Mortgages
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653 |
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|a International Financial Markets
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653 |
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|a Systemic risk
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653 |
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|a Financial risk management
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653 |
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|a Credit risk
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653 |
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|a Capital and Ownership Structure
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653 |
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|a Goodwill
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653 |
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|a Banks and Banking
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653 |
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|a Asset-liability management
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653 |
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|a Banking
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653 |
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|a Financial Risk and Risk Management
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653 |
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|a Financing Policy
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653 |
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|a Financial Risk Management
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653 |
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|a Financial services law & regulation
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653 |
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|a Finance: General
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653 |
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|a Financial Crises
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041 |
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7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2010/098/001.2010.issue-098-en.xml?cid=23753-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a The recent financial crisis has highlighted once more that interconnectedness in the financial system is a major source of systemic risk. I suggest a practical way to levy regulatory capital charges based on the degree of interconnectedness among financial institutions. Namely, the charges are based on the institution’s incremental contribution to systemic risk. The imposition of such capital charges could go a long way towards internalizing the negative externalities associated with too-connected-to-fail institutions and providing managerial incentives to strengthen an institution’s solvency position, and avoid too much homogeneity and excessive reliance on the same counterparties in the financial industry
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