Have a personal or library account? Click to login
The Interaction Between FX and Credit Risk as an Example of Intersection of Monetary and Financial Stability Policy Goals – The Case of Serbia Cover

The Interaction Between FX and Credit Risk as an Example of Intersection of Monetary and Financial Stability Policy Goals – The Case of Serbia

By: Željko Jović  
Open Access
|May 2016

References

  1. 1. Alexander, C. and Sheedy, E. (2004). The Profesional Risk Managers’ Handbook, Professional Risk Managers International Association.
  2. 2. Arregui et al. (2013). Evaluating the Net Benefits of Macroprudential Policy: A Cookbook, IMF Working Paper No 167.10.5089/9781484335727.001
  3. 3. Benito, A., Whitley, J. and Young, G. (2001). Analysing Corporate and Household Sector Balance Sheets, Bank of England, Financial Stability Review, December.
  4. 4. Bessis, J. (2003). Risk Management in Banking, John Wiley&Sons.
  5. 5. Blanchard, O., Dell’Ariccia, G. and Mauro, P. (2013). Rethinking Macro Policy II: Getting Granular, IMF Staff Discussion Note 13/03 (Washington, IMF).10.5089/9781484363478.006
  6. 6. Bluhm, C., Overbeck, L., Wagner, C. (2002). „An Introduction to Credit Risk Modeling“, Chapman&Hall.10.1201/9781003040446
  7. 7. Borio, C. and Zhu, H. (2008). Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?, BIS Paper No 268.10.2139/ssrn.1334132
  8. 8. Božović, M., Urošević, B., Živković, B. (2009). On the Spillover of Exchange-Rate Risk Into Default Risk, Economic Annals, Volume LIV, No. 183.
  9. 9. Caouette, J.B., Altman, E.I., Narayanan, R., Nimmo, R.W.J. (2008). „Managing Credit Risk“. John Wiley&Sons.10.1002/9781118266236
  10. 10. Drehmann, M., Borio, C. and Tsatsaronis, K. (2012). Characterising the financial cycle: don’t lose sight of the medium term!, BIS Paper No 380.
  11. 11. Duffee, G.R. (1998). The relationship between treasury yields and corporate bond yield spreads, Journal of Finance 53 (6).10.1111/0022-1082.00089
  12. 12. Duffie, D., Singleton, K.J. (2003). „Credit Risk Pricing, Measurement and Management“, Princeton University Press.10.1515/9781400829170
  13. 13. Engelman, B., Hayden, E., Tasche, D. (2003). Measuring the Discriminative Power of Rating Sistem, Deutche Bundesbank.10.2139/ssrn.2793951
  14. 14. Engelman, B., Rauhmeier, R. (2006). Basel II Risk Parameters: Estimation, Validation and Stress Testing, Springer, Berlin.10.1007/3-540-33087-9
  15. 15. Fiori, R., Iannotti, S. (2010) On the interaction between market and credit risk: a factor-augmented vector autoregressive (FAVAR) approach, Banca D’Italia, No 779.10.2139/ssrn.1792562
  16. 16. Greene, W.H. (2002). „Econometric Analysis“, Prentice Hall.
  17. 17. IMF (2011). Macroprudential Policy: An Organizing Framework (Washington).10.5089/9781498339179.007
  18. 18. IMF (2012). Key aspects of macroprudential policy.
  19. 19. IMF (2013). Interaction of monetary and macroprudential policies.
  20. 20. IMF, Financial Stability Board and BIS (2009). Guidance to Assess the Systemic Importance of Financial Institutions, Markets and Instruments: Initial Considerations.
  21. 21. Jarrow, R.A., Turnbull, S.M. (2000). The Intersection of Market and Credit Risk, Jurnal of Banking and Finance 24.10.1016/S0378-4266(99)00060-6
  22. 22. Jones, S., Hensher, D.A. (2008). „Advances in Credit Risk Modeling and Corporate Bankruptcy Prediction“, Cambridge University Press.10.1017/CBO9780511754197
  23. 23. Jorion, P. (2003). „Financial Risk Manager Handbook“, John Wiley&Sons.
  24. 24. Longstaff, F.A., Schwartz, E.S. (1995). A simple approach to valuing risky fixed and floating rate debt, Journal of Finance 50.10.1111/j.1540-6261.1995.tb04037.x
  25. 25. Mladenović, Z., Nojković, A. (2011). Analiza vremenskih serija: Prmeri iz srpske privrede, Ekonomski fakultet u Beogradu.
  26. 26. Mladenović, Z., Nojković, A. (2015). Primenjena analiza vremenskih serija, Ekonomski fakultet u Beogradu.
  27. 27. Resti, A., Sironi, A. (2007). Risk management and shareholders’ Value in Banking, John Wiley&Sons.
  28. 28. Travica, M. (2012). Forward as a possible solution for currency induced credit risk identified in Non-performing loans-Foreign exchange rate regression model, London School.
  29. 29. Trueck, S., Rachev, S.T. (2009). Rating Based Modeling of Credit Risk, Academic Press Advanced Finance Series.
  30. www.bis.org
  31. www.imf.org
  32. www.nbs.rs
Language: English
Page range: 133 - 155
Submitted on: Feb 23, 2016
Accepted on: Mar 17, 2016
Published on: May 20, 2016
Published by: Central Bank of Montenegro
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2016 Željko Jović, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.