International Conference on Engineering and Business Management (EBM 2010 PAPERBACK)

Chengdu,China,China,3.24-3.26,2010

ISBN: 978-1-935068-05-1 Scientific Research Publishing, USA

Paperback 6066pp Pub. Date: March 2010

Category: Engineering

Price: $280

Title: Indicators of the Macro-Prudential Analysis for the Financial System: A Comparative Study of the ECB and IMF Approaches
Source: International Conference on Engineering and Business Management (EBM 2010 PAPERBACK) (pp 4237-4241)
Author(s): Wei SONG, China Financial Policy Research Center, Renmin University of China, Beijing, China
Meng-Zhu WU, School of Finance, Renmin University of China, Beijing, China
Abstract: Abstract: The global financial crisis highlights the importance of the financial system stability analysis. ECB and the IMF launched MPIs and FSIs respectively. This study shows that both FSIs and MPIs are mainly based on capital adequacy, asset quality, income and profitability, liquidity and sensitivity to market risk to measure the stability of financial system. Covering the various sectors of the economy, FSIs rely on the existing statistical standards (SNA93 and MFSM) to a large extent, and to a lesser extent, depend on international accounting standards (IAS/IFRS) and regulatory standards (Basel I and II). MPIs focus on the financial sector, mainly rely on a common definition provided by the EU Directive and accounting practices and conform to international accounting standards and regulatory standards.
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