1,720,957 research outputs found
Capital standards and banking stability in emerging countries: an empirical approach
Get PDFSeveral emerging countries’ jurisdictions are going to implement Basel II prudential directives. For this reason, it is interesting to ask if capital regulation effectively contributed to strengthen banks operating in emerging markets. Throughout this paper we will attempt to give an answer to this problematic. The success of Basel I prudential mechanism known as the Cooke ratio and his adoption by the majority of emerging countries will permit us to test if capital standards, largely inspired from Cooke ratio, that regulate banks in these countries, have really influenced banks prudential behaviour. Using a non-parametric approach, we found mitigated results, since it seems obvious that more conformity of banks to capital standards induced more profitability to these institutions, restricted their leverage and strengthened their ability to hedge anticipated losses during distress episodes. However, the results also show that in emerging countries, contrary to developed countries, higher conformity to capital standards was not followed by an improvement in credit quality. Consequently, we remain doubtful toward the ability of this prudential mechanism in achieving his principal target in emerging countries’ banking systems that is reducing credit risk
Fonds propres réglementaires et stabilité bancaire dans les pays émergents
Get PDFThe Basel capital accords were established by the banking supervisory authorities of the G10 countries, members of the Basel Committee on Banking Supervision, and were applied to the international banks based in these countries. But, do the Basel accords bring more banking stability to emerging countries? In fact, several studies showed that economic and institutional features of these countries, may contribute to an inefficient prudential impact of capital requirements on banks’ behaviour. These arguments will be examined throughout this paper
Capitalisation et prise de risque des banques dans les pays émergents
No full textOn étudie la relation simultanée entre la capitalisation et le risque des banques situées dans les pays émergents. Les résultats montrent que la capitalisation des banques n’influence pas leur prise de risque, alors que l’excès de risque induit une diminution de leurs fonds propres. Le resserrement des marges d’intermédiation conduit les banques à réduire leur capitalisation et à augmenter leur prise de risque. L’application des normes de capitalisation dans les pays émergents devrait s’accompagner d’un renforcement de la surveillance prudentielle, en fonction du degré de capitalisation et de la sensibilité des banques à leurs marges d’intermédiation. Les résultats mettent en garde aussi contre le comportement risqué des banques fortement capitalisées qui jouissent d’une certaine confiance de la part des instances de régulation. / We study simultaneous relationship between capital and risk in emerging countries’ banks. Results show that capital doesn’t prevent risk-taking. However risk is negatively related with capital level. In addition, the reduction in the intermediation margin induces banks to decrease their regulatory capitalisation and to increase their risk-preference. We propose that implementing capital standards in emerging countries require more prudential supervision, taking account of capitalisation level and banks sensitivity to their intermediation margin. Results show also that even well capitalized banks behave riskily. In other words, there is not a negative and significant correlation between capital level and risk-taking.Special Issue "26the Symposium on Money, Banking and Finance" Guest Editors :Sébastien Galanti and Grégory Levieugeinfo:eu-repo/semantics/publishe
L’intégration financière internationale :Une comparaison descriptive des effets sur les pays industrialisés et les pays émergents
Get PDFAfter reviewing the literature that identify and measure the effect of financial integration on the depth and the efficiency of financial markets in emerging countries, on capital flows towards these countries and finally on economic growth, this paper provides a descriptive analysis of the effect exerted by financial integration (liberalization of the banking sector and the removal of restrictions on foreign capital flows) on the banking sector and the stock market. For this purpose, we refer to several studies that identify the exact dates of financial liberalization in a sample of 32 countries (22 PE and 10 IP). This study aims to verify if economically advanced countries have benefited more from financial integration than emerging countries in order to develop their stock markets and create a balance between direct financing and indirect financing. Data analysis shows that liberalization of domestic financial system mostly benefited to the newly industrialized countries of the Southeast Asia and to developed countries in terms of stock market liquidity and bank credit volume
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
- …
