Bankers Without Borders? : Implications of Ring-Fencing for European Cross-Border Banks /

This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its subsidiaries located in different jurisdictions) on cross-border banks. Using a sample of 25 large European ba...

Ամբողջական նկարագրություն

Մատենագիտական մանրամասներ
Հիմնական հեղինակ: Makarova, Yuliya
Այլ հեղինակներ: Cerutti, Eugenio, Ilyina, Anna, Schmieder, Christian
Ձևաչափ: Ամսագիր
Լեզու:English
Հրապարակվել է: Washington, D.C. : International Monetary Fund, 2010.
Շարք:IMF Working Papers; Working Paper ; No. 2010/247
Առցանց հասանելիություն:Full text available on IMF
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100 1 |a Makarova, Yuliya. 
245 1 0 |a Bankers Without Borders? :   |b Implications of Ring-Fencing for European Cross-Border Banks /  |c Yuliya Makarova, Anna Ilyina, Christian Schmieder, Eugenio Cerutti. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (35 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its subsidiaries located in different jurisdictions) on cross-border banks. Using a sample of 25 large European banking groups with subsidiaries in Central, Eastern and Southern Europe (CESE), we analyze the impact of a CESE credit shock on the capital buffers needed by the sample banking groups under different forms of ring-fencing. Our simulations show that under stricter forms of ring-fencing, sample banking groups have substantially larger needs for capital buffers at the parent and/or subsidiary level than under less strict (or in the absence of any) ring-fencing. 
538 |a Mode of access: Internet 
700 1 |a Cerutti, Eugenio. 
700 1 |a Ilyina, Anna. 
700 1 |a Schmieder, Christian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/247 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/247/001.2010.issue-247-en.xml  |z IMF e-Library