123
Index
B
Balance sheets, 2, 3, 7, 18, 19, 21, 24, 31, 36, 38, 46, 53, 59, 62, 69, 75, 82, 86, 89, 103, 117, 118
Bank for International Settlements, 11, 46 Bank-led flows, 2, 3, 28, 30, 35, 62, 63, 65, 67,
74, 79, 82, 85, 87–90, 93, 96, 120 Bank lending, 13, 15, 16, 19, 30, 52, 73, 90, 105 Bank liabilities, 2, 28, 30, 46, 51–56, 59, 61–63,
75, 91, 107, 108, 110, 115–117, 120 Bond market, 3, 21–23, 33, 35, 36, 38
C
Capital account liberalization, 81 Capital adequacy ratio, 73, 93 Capital controls, 110, 111
Capital flows, 1, 2, 4, 5, 7–11, 13, 16, 18, 20, 23, 27, 28, 40, 51, 54, 62, 63, 65, 79–85, 87, 90, 91, 93, 101, 102, 105, 111, 116, 117, 119
Core liabilities, 28, 31, 47, 51, 63, 76, 107 Corporate debt markets, 20
Credit boom, 2, 49, 51, 52, 54, 58, 104, 106 Credit channel hypothesis, 61
Credit default swap (CDS), 40, 46, 47 Credit growth, 3, 16, 31, 45, 49–51, 54, 70,
73, 74, 76, 101, 103, 106, 112 Credit to GDP, 30, 46, 49
D
Debt-led flows, 2, 3, 27, 35, 63, 65, 67, 74 Deleveraging, 28, 52, 55, 82, 102, 107, 112 DTI, 105, 106
E
Early warning indicators, 2, 3, 5, 45–49, 79 Economic territory, 8, 9
Emerging Asia, 1–3, 7–9, 27, 30, 31, 33, 35, 36, 39, 40, 61, 63, 65, 67, 69, 74, 79, 84, 117–119
Emerging Europe, 65, 67
European banks, 9–11, 13, 28, 82, 112 Eurozone crisis, 16, 17, 35, 46, 58, 81 Excess savings, 61
Exchange rate appreciation, 19, 20, 110, 111 Exchange rates and leverage, 18
External debt, 21, 24, 27
F
Financial assets, 25, 26, 33, 35, 36, 55, 61, 69, 82, 84–89, 96, 117, 120
Financial crises, 19, 30, 45, 55, 81 Financial integration, 111
Financial intermediaries, 3, 13, 41, 45–47, 55, 72, 109
Financialization, 2, 59
Financial social accounting matrix, 86 Financial stability, 1, 4, 19, 30, 33, 61, 73, 79,
81, 82, 101, 103, 107, 110–112, 115, 117, 120
Financial vulnerability, 10, 13, 19, 46, 49, 77, 101, 107, 117
First phase of global liquidity, 10 Fiscal sustainability, 28 Flight, 27, 28
Flow-of-funds, 31
Foreign currency (FCY), 17, 56
© 2015 Asian Development Bank
I.J. Azis and H.S. Shin, Managing Elevated Risk, DOI 10.1007/978-981-287-284-5
Index 124
124
G
2008/2009 global financial crisis, 80, 102 General equilibrium framework, 4, 79 Global banking glut, 13
Global savings glut, 13
H
Housing bubble, 49
I
Income inequality, 4, 5, 79, 83, 85, 86, 88, 89, 102, 120
Interest rates, 1, 3, 20, 24, 30, 47, 49, 61, 62, 67, 70, 71, 74–76, 79, 80, 88, 89, 102, 108, 117–119
L
Leverage, 7, 9, 14, 15, 18, 19, 31, 41, 46, 51, 70, 89, 102, 104, 105, 115
Leverage caps, 104
Levy, 4, 5, 79, 90, 92, 96, 105–109, 115, 120 Loan-to-deposit caps, 106
LTV, 105, 106, 110
M
Macroeconomic stability, 4, 79, 81, 120 Macroprudential measures, 77, 82, 115–117 Macroprudential policy, 2, 4, 5, 20, 30, 61, 74,
81, 89, 90, 101, 103, 105, 110, 111, 120 Market discipline, 49
Monetary aggregates, 26, 46, 47, 59, 73, 74, 101, 117
Monetary policy, 2, 3, 5, 8, 9, 17, 20, 30, 59, 61, 74–77, 79, 104–106, 110, 111, 117 Money market funds, 10
N
National income accounting, 8, 9, 13 Net interoffice assets, 12, 17 Net worth, 4, 70, 73, 85, 118
Noncore liabilities, 2–5, 7, 28, 30, 31, 33, 35, 45, 47, 51–53, 56, 59, 61, 63, 67–70, 73–77, 89, 105–107, 109, 115, 117 Nonfinancial corporates, 21, 26, 58 Northern rock, 52
P
People’s Republic of China, 7, 11, 47, 74, 90 Poverty, 79, 83, 86, 88, 120
Procyclical, 2, 16, 28, 30, 43, 51, 53, 56, 58, 74, 102, 103, 114
Procyclicality, 3, 28, 30, 35, 42, 46–49, 51, 53, 61, 62, 67, 89, 93, 111, 114, 115 Provisioning, 104
R
Republic of Korea, 7, 15, 27, 28, 30, 31, 33, 47, 53–57, 59, 67, 74, 82, 90, 92, 105–109, 115, 116
Reserve requirement, 108, 109 Retrenchment, 27, 28
S
Second phase of global liquidity, 20 Shadow banking system, 10, 11, 13, 26 Stops, 27
Supermatrix, 96, 97 Surges, 27
T
Taper tantrum, 8, 24, 21, 102
Third phase of global liquidity, 2, 8, 40, 117
U
Unemployment, 79, 80, 83, 86, 88, 89, 120 US Federal Reserve, 1, 8, 63
V
Volatility, 2, 7, 28, 35, 46, 48, 62, 63, 67, 82, 90, 91, 105, 119
W Welfare, 93
