Download or read book The Effects of Global Financial Crisis on Indian and Pakistan s Banking Sector written by Syed Mohammed Abud Ashif and published by . This book was released on 2013 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent economic crises have shown the impact not only to the well-developed banking sector but also to the developing banking sector in the emerging economies. This study seeks to investigate a comparative analysis of evolution of technical efficiency of commercial banks in India and Pakistan during the recent economic crises (2004-2010). Using Data Envelopment Analysis, we measure the technical efficiencies of each bank in the sample, which further decomposes to provide pure technical efficiency (PTE) and scale efficiency scores (SE).The parametric technique like t-Test and two non-parametric techniques Mann Whitney test and Krushka wallys test are employed for comparing the means of the obtained DEA result. As a robustness check, the technical efficiency score is further examined by the second stage regression model which accommodates to provide the relationship factor of bank specific variable, macro-economic & market condition and some binary variables to account for financial crises and stability. The empirical finding suggests that Indian banks' mean TE score exceeds higher than that of Pakistan banking sector and the changes in efficiency measure been seen higher in Pakistan banking sector. So in general, Pakistan banking sector efficiency is heavily affected from the financial crises than the Indian banking sector and former always remain more technically efficient in the period under study. Furthermore, mean PTE in both banking sector deteriorates relatively in a constant rate during the crises and post crises period, whereas mean SE improved in Pakistan banking sector than Indian banking sector. The result of multivariate regression analysis has exhibited liquidity risk, bank overhead cost, ROAA, and bank capitalization being positively related with technical efficiency. Conversely, bank size, loan default and non-interest expenses over asset variables exhibits negatively related with both banking sector efficiency. However, the regression analysis has shown Pakistan banking sector being more financially stable than the Indian banking sector in terms of efficiency during the crises period. Hence, the dual banking system is seen as more efficient and stable compare to the single banking system and thus single banking system should urge to seek the introduction of Islamic banking as economically viable and financially stable for the banking sector of a country.

Download or read book Impact of Global Financial Crisis on the Performance of Commercial Banks of Pakistan A Case Study of MCB Bank Limited written by Munawwar Ali Kartio and published by . This book was released on 2017 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Objectives: The objective of study is to investigate the effect of global financial crisis on the efficiency & performance of MCB bank Ltd. The crisis were basically started in United States after the collapse of subprime mortgage market but engulfed the entire globe though the level of severity was different from country to country.Data Collection Methodology: Data were collected from various secondary sources and data were analyzed by using various financial ratios meant for liquidity, profitability & solvency. The banks play an important role of financial intermediation; channelize savings of public to investors hence basic key performance indicators for this research were deposits, profit, advances and capital.Results/Findings: An attempt has been made to examine the growth and sustainability of sample bank through its performance from 2003 to 2012, before and after crisis. The main findings are:(I) the profitability was affected adversely,(II) Non Performing Loans were increased significantly after tight control and management for several years. (III) It was explored that costly deposits were mobilized to maintain the book size and restore the confidence of depositors and all stake holders. (IV)The stability of the system remained unquestionable due to maintenance of Capital Adequacy Ratio well above the targeted ratio of 8 % in terms of Basel accord.Practical Implications: This research attempts to address the issue of banking crisis and has practical implication in the Pakistani banking industry.

Download or read book The Global Financial and Economic Crisis in the South written by Leon-Manriquez, Jose Luis and published by CODESRIA. This book was released on 2017-05-03 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the outcome of a South-South conference jointly organized by the Asian Political and International Studies Association (APISA), the Latin American Council of Social Sciences (CLACSO) and the Council for the Development of Social Science Research in Africa (CODESRIA) in Dakar, Senegal, May 2012. The conference was organised in response to the financial crisis of 2008 which started in the United States and Europe, with reverberating effects on a global scale. Economic problems emanating from such crises usually leave major social and structural impacts on important sectors of the society internationally. They affect living standards and constrain the well-being of people, especially in poor countries. Persistent problems include high unemployment, increased debt and low growth in developed countries, as well as greater difficulties in accessing finance for investment in the developing world. There is a need for countries in the South to examine the available options for appropriate national and regional responses to the different problems emanating from the economic crisis. This book attempts to provide ideas on some strategic responses to the disastrous impact of the crisis, while keeping in mind the global common interest of the South. It is hoped that the book will contribute significantly towards the agenda to rethink development and the quest for alternative paradigms for a just, stable and equitable global political, economic and social system. A system in which Africa, Asia, and Latin America are emancipated from the shackles of hegemonic and anachronistic neoliberal dictates that have nothing more to offer than crises, vulnerabilities and dependency.

Download or read book Global Financial Crisis and the Indian Economy written by S. Asokkumar and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global financial situation continues to be uncertain and unsettled. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, a global financial crisis, and now a global economic crisis. It has engulfed international money, credit, equity, and foreign exchange markets. India has remained relatively immune from the fallout of the crisis due to several reasons, including the prudential, supervisory, and regulatory framework of the Reserve Bank of India. More importantly, the Indian banking system has shown remarkable market discipline, docility, and sincerity of purpose. It is heartening to note that in India, complex structures like synthetic securitisations have not been permitted, so far. This collection contains 18 articles covering various dimensions of the ongoing financial turmoil and its impact on India's economy.

Download or read book Financial Performance of Pakistani Banks After the Implementation of Reforms written by Tahera Kalsoom and published by . This book was released on 2017 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pakistani banking industry has been facing a series of successes and failures after the implementation of reforms. The financial institutions of the developing countries such as Pakistan have suffered after the onset of global financial crisis from 2009-2016. Whilst studies have been performed in many other countries to assess banking sector's performance after the crisis, limited efforts exist in the context of Pakistani banking industry, particularly in relation to stock price changes and credit risk. This work is therefore, aimed to fill this gap by studying the effects of financial reforms implemented in early stages of recession on the efficiency of Pakistani banks in the past eight years. Measures of profitability, liquidity, capital and credit quality performance using five financial ratios; Return on Assets (ROA), Cost/Income ratio (C/I), Loan Loss Reserves/Gross Loans ratio (LLR/GL), Total Loans/Total Assets ratio (TL/TA) and Capital Adequacy Ratio (CAR), and their impact on stock price changes of the five banks are used to characterise the performance of the banks in the period of 2009-2016. The data is organized using panel data technique and multiple regression is adopted for the analysis. The results indicate a significant change in banks' performance after the global financial crisis, having the highest impact in 2011 with declining profitability and poor credit performance. Later years have seen stabilized banking conditions with increased profitability and control on Non-Performing Loans by reducing provisions of risky loans. The stock price changes have revealed a positive relationship with ROA and least positive relationship with CAR, whereas a negative relationship has been found with LLR/GL and TL/TA. Moreover, it is observed that the market considers ROA and C/I in decision making as the results have shown a highly positive correlation of these ratios with stock prices. It also depicts that investors show no particular interest in credit risk and have focused on profitability of the banks instead. This suggests that the regulators in the country should revisit their priorities to come at par with investors and market interests by reducing their focus on decreasing the credit risk.

Download or read book The Global Financial Crisis and the Indian Economy written by B. L. Pandit and published by Springer. This book was released on 2015-05-18 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: After tracing the causes of the global financial crisis, the book focuses on two fundamental systemic issues connected with its manifestation: financial-sector regulation and the problem of the dollar-centric international monetary system, both of which have been widely cited among the important factors leading to the 2008 financial crisis. The important analytical question of monetary policy transmission during the crisis is discussed in depth with the help of appropriate econometric models. The effectiveness of India’s monetary policy during the crisis is examined by specifying an econometric model, and the impact of the crisis on the Indian stock market is modelled on the basis of risk-enhancing and risk-mitigating features. In closing, the impact of the crisis on real sectors of the Indian economy is analysed in detail.

Download or read book Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead written by Ms.May Y Khamis and published by International Monetary Fund. This book was released on 2010-07-21 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Departmental papers are usually focused on a specific economic topic, country, or region. They are prepared in a timely way to support the outreach needs of the IMF’s area and functional departments.

Download or read book The Global Financial Crisis written by Dick K. Nanto and published by DIANE Publishing. This book was released on 2009 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

Download or read book Performance of Banking Sector of Pakistan Amid Global Financial Crisis written by Ambreen Khaskhelly and published by . This book was released on 2016 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims at to conduct a performance analysis of six big banks of Pakistan during the global financial crisis during the period of 2008 to 2012 Year 2007 has been selected as base year. Various financial ratios have been calculated to evaluate the performance of the banking sector in terms of liquidity, profitability and stability. This study covers a five year period from 2008 to 2012 where as year 2007 has been considered as base year. The performance has been analyzed by using financial ratios as measurement tool. The financial ratios such as Profit Before tax ratio, Gross spread ratio, Return on Equity, Gross profit ratio Gross Advances to Deposits ratio, Cash & Portfolio Investment to Deposit Ratio are used to gauge the performance of selected banks. Moreover their credit portfolio has been examined to ascertain their performing loans status. While conducting the research it concluded that selected banks have adversely been affected, deposits were withdrawn considerably and cost of deposit increased to maintain the books. Non Performing Loans were also accumulated due to increase in interest rates.

Download or read book India and the Global Financial Crisis written by Y. Venugopal Reddy and published by Anthem Press. This book was released on 2010 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'India and the Global Financial Crisis' offers a collection of key speeches delivered by Reddy during his tenure as Governor of the Reserve Bank of India, and provides insights into the challenges facing the management of India's calibrated integration within the global economy.

Download or read book Global Banks and International Shock Transmission written by Nicola Cetorelli and published by DIANE Publishing. This book was released on 2010-11 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market (EM) economies. The authors examine adverse liquidity shocks on main developed-country banking systems and their relationships to EM across Europe, Asia, and Latin Amer., isolating loan supply from loan demand effects. Loan supply in EM across Europe, Asia, and Latin Amer. was affected significantly through three separate channels: (1) a contraction in direct, cross-border lending by foreign banks; (2) a contraction in local lending by foreign banks¿ affiliates in EM; and (3) a contraction in loan supply by domestic banks, resulting from the funding shock to their balance sheets induced by the decline in interbank, cross-border lending. Charts and tables.

Download or read book Market Regulations and Finance written by Ratan Khasnabis and published by Springer Science & Business Media. This book was released on 2014-03-18 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume’s primary contribution to the field of Economics is that it addresses the issue of inter-linkages between money, finance and macroeconomics with a broad analytical perspective that has commonality with the Post-Keynesians. In an attempt to assess the consequences of economic reforms and the fallout of the global financial crisis on India and the world around, the book argues that with the onset of the crisis, as in most advanced economies, debates and discussions in India have been concerned with three main issues: monetary policy and asset prices, financial stability, and macro-prudential regulation. Three related issues which are also considered important in the Indian context are – rule vs. principle-based supervision, integrated financial supervision, and regulatory and supervisory independence. The book argues that the crisis highlighted the inadequacies of macro-prudential regulatory structure which mainly addresses idiosyncratic risks specific to individual financial institutions. The crisis precipitated an extensive debate on the role of national regulatory and supervisory authorities in crisis prevention and crisis management via macro-prudential regulations which involves a general equilibrium approach to regulation aiming at safeguarding the financial system as a whole. The book then argues that the crisis led to a paradigm shift in macroeconomic theory and policy. This shift has been categorized into four specific areas: monetary policy, financial regulation, corporate governance, and globalization. The book analyses how the characteristics of each of these four categories have changed from the pre-crisis to the post-crisis situation. The book also delves into the phenomenon of rising global commodity prices post-crisis. The book also deals with an analysis of the impact of this crisis on employment in the US economy, by simulating a macroeconomic model developed by the Cambridge Department of Applied Economics in the 1980s.

Download or read book Global Financial Crisis written by P. Arunachalam and published by Serials Publications. This book was released on 2010 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Crises Explanations Types and Implications written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2013-01-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Download or read book Impact of Global Financial Crisis on Banks Financial Performance in Pakistan written by Mian Sajid Nazir and published by . This book was released on 2015 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis in 2008 adversely affected the financial setups all around the globe with far reaching consequences for its victims. This study aimed at analyzing various determinants of banks' financial performance in Pakistan along with intention to ascertain the impacts of global financial crisis on the relative contribution of these determinants towards financial performance. The step-wise multiple regression analysis and pre-post comparison of coefficients were carried out in this regard. This study found that assets quality is the most influential determinant of return over assets (ROA) followed by bank size and solvency. Advances, liquidity, investments, and size have positive while poor assets quality and deposits have negative impact over ROA. A comparison of the pre-crisis and post-crisis coefficients of the determinants of ROA reveled that the global financial crisis has exerted significant impact on the relative ability of these determinants to explain variations in ROA.

Download or read book Liberalization Growth and the Asian Financial Crisis written by Mohamed Ariff and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.