WorldCat Identities

Podpiera, Richard

Overview
Works: 17 works in 67 publications in 1 language and 1,093 library holdings
Genres: Case studies 
Roles: Author
Classifications: HG3881.5.I58, 368
Publication Timeline
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Most widely held works by Richard Podpiera
European Union enlargement and equity markets in accession countries by Tomš Dvořk( Book )

10 editions published in 2005 in English and held by 25 WorldCat member libraries worldwide

The announcement of the European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was a result of the repricing of systematic risk due to the integration of accession countries into the world market. We found that firm-level stock price changes are positively related to the difference between a firm's local and world market betas. This result is robust to controlling for changes in expected earnings, country effects, and other controls, although the magnitude of the effect is not very large. The differences between local and world betas explain nearly 22 percent of the stock price increase
Insurance and issues in financial soundness by Udaibir S Das( Book )

7 editions published in 2003 in English and held by 19 WorldCat member libraries worldwide

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole
Progress in China's banking sector reform : Has bank behavior changed? by Richard Podpiera( Book )

9 editions published in 2006 in English and held by 16 WorldCat member libraries worldwide

Substantial effort has been devoted to reforming China's banking system in recent years. The authorities recapitalized three large state-owned banks, introduced new governance structures, and brought in foreign strategic investors. However, it remains unclear the extent to which currently reported data reflect the true credit risk in loan portfolios and whether lending decisions have started to be taken on a commercial basis. We examine lending growth, credit pricing, and regional patterns in lending from 1997 through 2004 to look for evidence of changing behavior of the large state-owned commercial banks (SCBs). We find that the SCBs have slowed down credit expansion, but that the pricing of credit risk remains undifferentiated and banks do not appear to take enterprise profitability into account when making lending decisions. Controlling for several factors, we find that large SCBs have continued to lose market share to other financial institutions in provinces with more profitable enterprises. The full impact of the most recent reforms will become clear only in several years, however, and these issues should be revisited in future research
The rise of foreign investment in China's banks : taking stock by Lamin Leigh( Book )

10 editions published between 2006 and 2007 in English and Undetermined and held by 16 WorldCat member libraries worldwide

The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign investments in China's banks have been minority shareholdings with very limited management involvement. The paper concludes that China appears to be well positioned to benefit from further opening of the banking sector to foreign investors. International experience suggests that greater competition from and participation of foreign banks can in general bring important benefits if appropriate incentives and sufficient opportunities are created
Does compliance with Basel Core Principles bring any measurable benefits? by Richard Podpiera( Book )

5 editions published in 2004 in English and held by 15 WorldCat member libraries worldwide

Annotation
Is one watchdog better than three? : International experience with integrated financial sector supervision by Martin Čihk( Book )

7 editions published in 2006 in English and held by 12 WorldCat member libraries worldwide

Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and against the integrated supervisory model, and use data on compliance with international standards to assess the validity of some of these arguments. We find that (i) full integration is associated with higher quality of supervision in insurance and securities and greater consistency of supervision across sectors, after controlling for the level of development; and (ii) fully integrated supervision is not associated with a significant reduction in supervisory staff
Bank behaviour in developing countries : evidence from East Africa by Martin Čihk( Book )

2 editions published in 2005 in English and held by 8 WorldCat member libraries worldwide

We analyze the structure, performance, and role of banking systems in the three member countries of the East African Community-Kenya, Tanzania, and Uganda-against the backdrop of recent financial sector reforms. Focusing on the behavior of different types of banks, we find no support for the argument that the presence of large international banks would have an adverse effect on the effectiveness and efficiency of banking sectors in developing countries. International banks are generally more efficient and more active in lending than domestic banks. However, as suggested by the Kenyan experience, the presence of international banks may not lead to increased competition and provision of banking services if weak institutions are allowed to remain in the system
Bank behavior in developing countries : evidence from East Africa by Richard Podpiera( Book )

4 editions published in 2005 in English and held by 6 WorldCat member libraries worldwide

We analyze the structure, performance, and role of banking systems in the three member countries of the East African Community-Kenya, Tanzania, and Uganda-against the backdrop of recent financial sector reforms. Focusing on the behavior of different types of banks, we find no support for the argument that the presence of large international banks would have an adverse effect on the effectiveness and efficiency of banking sectors in developing countries. International banks are generally more efficient and more active in lending than domestic banks. However, as suggested by the Kenyan experience, the presence of international banks may not lead to increased competition and provision of banking services if weak institutions are allowed to remain in the system
Efficiency of financial markets in transition : the case of macroeconomic relaeses by Richard Podpiera( Book )

3 editions published in 2000 in English and held by 3 WorldCat member libraries worldwide

How important is informed trading for the bid-ask spread? : Evidence from an emerging market by Jan Hanousek( Book )

2 editions published in 2000 in English and held by 2 WorldCat member libraries worldwide

International cross-listing: the effects of market fragmentation and information flows by Richard Podpiera( Book )

1 edition published in 2001 in English and held by 1 WorldCat member library worldwide

The Czech investment fund industry : development and behaviour( Book )

1 edition published in 1996 in English and held by 1 WorldCat member library worldwide

Bank behavior in developing countries : evidence from East Afria by Martin Čihk( Book )

2 editions published in 2005 in English and held by 1 WorldCat member library worldwide

We analyze the structure, performance, and role of banking systems in the three member countries of the East African Community-Kenya, Tanzania, and Uganda-against the backdrop of recent financial sector reforms. Focusing on the behavior of different types of banks, we find no support for the argument that the presence of large international banks would have an adverse effect on the effectiveness and efficiency of banking sectors in developing countries. International banks are generally more efficient and more active in lending than domestic banks. However, as suggested by the Kenyan experience, the presence of international banks may not lead to increased competition and provision of banking services if weak institutions are allowed to remain in the system
IMF Working Papers : Progress in China's Banking Sector Reform : Has Bank Behavior Changed? by Richard Podpiera( Book )

1 edition published in 2006 in Undetermined and held by 0 WorldCat member libraries worldwide

IMF Working Papers : Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision by Richard Podpiera( Book )

1 edition published in 2006 in Undetermined and held by 0 WorldCat member libraries worldwide

European Union Enlargement and Equity Markets in Accession Countries by Richard Podpiera( )

1 edition published in 2005 in English and held by 0 WorldCat member libraries worldwide

Annotation
Quality of financial policies and financial system stress by Udaibir S Das( )

1 edition published in 2005 in English and held by 0 WorldCat member libraries worldwide

In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroeconomic pressures on the overall level of stress in the financial system. They are also in a better position to ensure sustainable development of the financial system
 
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Languages
English (64)