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Many economies in the world are characterised by a bank-based financial system, that is, the financial intermediation process is mostly performed by banks. It is therefore critically important to undertake a fully-fledged analysis of the banking sector with respect to financial stability risks.
The Banking Sector Under Financial Stability considers the unique position of banks which by nature assume higher risks, but with a low equity to total assets ratio. It recognises that balance sheet analysis of banks becomes a key element in financial stability risk assessment and that the sources of banks’ funding also pose risks to financial stability. The book also gives due consideration to the interactive forces which prevail among banks, macroeconomic states, asset prices, the household sector, and monetary policy. The differences between the US and the European Union are also covered at length, as are the various credit risk models pertinent for banks.
This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field.
‘Indranarain Ramlall's proposal is a great attempt at giving a comprehensive view of financial stability from a theoretical, practical and policy perspective. It aims at providing future students with the tools to understand the framework in which financial stability is assessed and understood today by international organisations and central banks across the world. To my knowledge, this is the only book that covers such a wide range of topics related to financial stability. It, therefore, has the potential to become a good reference book on the topic. I believe that Indranarain Ramlall has made a great proposal to provide a “big picture view” on financial stability. I look forward to reading the textbook!’
— Celine Tcheng, Central Bank of France
INDRANARAIN RAMLALL, PHD, is a Senior Lecturer at the University of Mauritius in the department of Economics and Statistics. He previously served as a Credit Corporate Officer at the State Bank of India, Mauritius, and then a Fund Manager at Anglo-Mauritius Financial Services Limited. Dr Indranarain Ramlall also worked within the Financial Markets Division and the Financial Stability Unit at the Central Bank of Mauritius. At this time, he also served as a member of the Joint Working Group Committee on Debt Management and the Sub-Committee on Treasury Bill Allocation. His research interests include financial stability, central banking, risk management, economics and finance in Mauritius, investment analysis, quantitative techniques and econometric modelling, and the economics of climate change and green finance. Dr I. Ramlall is also an accomplished pioneer in the field of global central bank ratings.
Chapter 1. Banks, Risks and Risk Management
Chapter 2. The Banking Sector and Financial Stability
Chapter 3. A Framework for Financial Stability Risk Assessment in Banks;
Chapter 4. Banks, Macroeconomic States, Asset Prices, Household Sector and Monetary Policy;
Chapter 5. Basel III;
Chapter 6. Microprudential and Macroprudential Regulation;
Chapter 7. Banks and Policies;
Chapter 8. Differences between the U.S. and the European Union Under Different Financial Perspectives;
Chapter 9. Some Practical Issues in Credit Risk Modelling