New Economics Papers
on Banking
Issue of 2006‒12‒22
two papers chosen by
Roberto J. Santillán–Salgado, EGADE-ITESM
  1. Stress Testing the Corporate Loans Portfolio of the Canadian Banking Sector By Miroslav Misina; David Tessier; Shubhasis Dey
  2. Assessing projects and programmes for cohesion policy at the EIB. By Gianni CARBONARO
  1. By: Miroslav Misina; David Tessier; Shubhasis Dey
    Abstract: Stress testing, at its most general level, is an investigation of the performance of an entity under abnormal operating conditions. The authors focus on one set of entities--the Canadian banking sector--and investigate losses in the loans portfolio of this sector as a function of changing circumstances in the different industries in which these loans reside. These circumstances are characterized by means of one summary measure--sectoral probabilities of default--and this measure is modelled as a function of macroeconomic variables. Using this model, the authors assess the interrelationship between the macroeconomic environment and sectoral defaults, and perform a series of stress tests under different scenarios that are thought to be most pertinent to Canada. The tools underlying the authors' analysis are general and can be applied to other countries, as well as to other macroeconomic scenarios.
    Keywords: Financial stability, Financial institutions
    JEL: C15 G21 G33
    Date: 2006
    URL: http://d.repec.org/n?u=RePEc:bca:bocawp:06-47&r=ban
  2. By: Gianni CARBONARO
    Abstract: The assessment of the technical, economic and financial quality of programmes and projects is one of the day-to-day activities at the European Investment Bank (EIB). The paper explains how this task is approached within the EIB, how some of the tools of cost-benefit analysis are employed, and how this approach may evolve during the forthcoming programming period of the Structural Instruments. Some of the recent initiatives of the EIB – in particular RAILPAG, the guidelines for project appraisal in the rail sector and JASPERS, Joint Assistance to Support Projects in European Regions - take a particular relevance in this context and are briefly explained
    Keywords: Cost-Benefit Analysis, Project evaluation, International Organizations
    JEL: D61 H43 O19
    Date: 2006–12
    URL: http://d.repec.org/n?u=RePEc:mil:wpdepa:2006-38&r=ban
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