Kamgna, Severin Yves and Tinang, Nzesseu Jules and Tsombou, Kinfak Christian (2009): Macro-Prudential Monitoring Indicators for CEMAC Banking System.
Download (218kB) | Preview
The main purpose of this paper is to determine the macro-prudential indicators of financial stability that can be used for supervising the banking system in the CEMAC zone. Going by a set of indicators drawn from similar works on macro-prudential supervision, and, more specifically, aggregate microeconomic variables of the banking sector, macroeconomic variables and combinations of the two, we were able to identify those that are relevant in analysing an imminent deterioration of the banking system in the subregion. At the end of this study, it was realised that claims on the private sector, foreign direct investments and the combination of exports and credits to the private sector, increase the risk of degradation of the banking system, while this risk is reduced by an increase in the exchange rate, increase in the internal resources of the banking system and inflation rate. The regulator should therefore bear this set of indicators in mind in order to facilitate a quick response to offset any potential banking crisis in the CEMAC region.
|Item Type:||MPRA Paper|
|Original Title:||Macro-Prudential Monitoring Indicators for CEMAC Banking System|
|Keywords:||Banking System, Macro-Prudential Indicators, Weakness, Degradation, Monetary Policy, CEMAC, BEAC, Africa,|
|Subjects:||C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General
G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
|Depositing User:||Severin Yves KAMGNA|
|Date Deposited:||04. Sep 2009 02:47|
|Last Modified:||13. Feb 2013 18:01|
 Bank of International Settlements (BIS) (2000), “New Capital Adequacy Framework”; A Consultative Paper issued by the Basel Committee on Banking Supervison.
 Bernanke B. (2008), “The Macroprudential Regulator : Modeling the Financial Network”; 2008 Dewey & LeBoeuf LLP. (www.dl.com).
 Bhattacharyay N. (2003), “Towards a macro-prudential leading indicators framework for monitoring financial vulnerability”. CESIFO WORKING PAPER No. 1015. AUGUST 2003.
 Borio C. (2003), “Towards a macroprudential framework for financial supervision and regulation?”; BIS Working Papers No 128.
 Borio C. (2008), “The macroprudential approach to regulation and supervision: where do we stand?”; Kredittilsynet 1986 - 2006.
 Cih´ak M. (2005), “Stress Testing of Banking Systems”; Czech Journal of Economics and Finance, 55, 2005.
 Cole A. and Gunther J.W. (1998), “A CAMEL Rating’s Shelf Life”, electronic copy available at: http://ssrn.com/abstract=1293504.
 Basel Committee on Banking Supervision (1997), “Basic Principes of Efficient Banking Supervision”; Basel, September 1997.
 Cordeiro J. (2002), “Different Monetary Systems: Costs and Benefits to Whom?”; Universidad Central de Venezuela (UCV) Caracas, Venezuela.
 Crockett A. (2000), “Marrying the Micro- and Macro-prudential Dimensions of Financial Stability” Eleventh International Conference of Banking Supervisors, held in Basel, 20-21 September 2000.
 De Bandt Olivier and Oung Vichett (2004) “Balance sheet of «stress tests» carried out on the French banking system”; Banque de France Review of Financial Stability No. 5.
 Demirgüç-Kunt and Detragiache (1997), “The Determinants of Banking Crises: Evidence from Developing and Developed Countries”, International Monetary Fund, WP/97/106.
 Evans O. (2000), “Macro-prudential Indicators of Financial System Stability”; International Monetary Fund, Special Study No. 192, Chapter II.
 IMF (2006), “Indicators of Financial Stability: Establishment Guide”; http://www.imf.org  Hermosillo B. (1999), “Determinants of Ex-Ante Banking System Distress: A Macro-Micro Empirical: Exploration of Some Recent Episodes”; IMF WP/99/33.
 Hilbers P., R. Krueger and M. Moretti (2000), “New Tools for assessing the situation of a financial system”; Finance & Development / September 2000.
 Hurlin C. (2003), “The Econometry of Panel Data: Simple Linear Models”; Edocif Graduate School, Methodological Seminar.
 Landau J-P. (2009), “Bulles et surveillance macro-prudentielle”; Conference jointly organized by la Banque de France and Toulouse School of Economics.
 Plihon D., Dehove M. and Boyer R. (2004), “Financial Crises”; La Documentation française. Paris, 2004 - ISBN: 2-11-005815-3.
 Pollin J-P. (2001), “Central Banks Between Macro-economic Regulation and Prudential Supervision”.
 Shen C. and Hsieh M. (2004), “Prediction of Bank Failures Using Combined Micro and Macro Data”; National Chengchi University, Taiwan.
 Siri A. (2007), “Monetary Expansion in West Africa: Optimum Monetary Regulation for the Future ECOWAS Central Bank”, University of Ouagadougou, Burkina Faso, Centre for Economic Analysis, Documentation and Research (Centre d’Etude, de Documentation et de Recherches Economiques et Sociales - CEDRES).
 Tamba I. and Djine L. (1995), “From Crisis to Reform of African banking Institutions: the case of Cameroon”; Tiers-Monde, Year 1995, Volume 36, No. 144.
 Tordjman D. (2007), “Failures of the European Macro-prudential Framework Before Transboundary Externalities”; Seminar on the Restructuring of Euopean Banking Systems.
 Yung Chul P. (2006), “A Macroprudential approach to financial supervision and regulation: conceptual and operational issues”; IMF Working Paper.