Institutional banking for emerging markets

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1. Verfasser: Huang, Wei-Xin (VerfasserIn)
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Veröffentlicht: Chichester, West Sussex Wiley 2007
Schriftenreihe:Wiley finance series
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adam_text CONTENTS PREFACE XIII INTRODUCTION XVII PART I EMERGING MARKETS 1 1 COUNTRY CLASSIFICATION: PRINCIPLES AND PRACTICE 3 1.1 DEFINITION AND SCOPE 3 1.2 EMERGING MARKETS: SYMPTOMS AND SIMILARITIES 6 1.2.1 SYMPTOMS 1 6 1.2.2 SIMILARITIES 7 1.3 SINK OR SWIM: THE EVOLUTION OF EMERGING MARKETS 9 1.3.1 THE 19TH CENTURY 9 1.3.2 THE 1930S 9 1.3.3 THE 1950S AND 1960S 9 1.3.4 THE 1970S AND 1980S 10 1.3.5 THE 1990S 11 1.3.6 THE 2000S 13 1.4 EMERGING MARKETS: THE POTENTIAL 13 SUMMARY 15 2 EMERGING MARKETS: THE TWIN CRISIS - BANK CRISIS AND COUNTRY CRISIS 17 2.1 BANK CRISIS AND COUNTRY CRISIS 17 2.2 THE TWIN CRISIS AND ITS COSTS 17 2.3 BANK CRISIS AND COUNTRY CRISIS: MAJOR UNDERLYING FACTORS 18 SUMMARY 20 3 EMERGING MARKETS: THE CULTURE OUTLINE 23 3.1 CULTURE AND IMPORTANCE OF CULTURE IN BUSINESS 23 3.2 DIFFERENT DIMENSIONS OF CULTURE 25 VIII CONTENTS 3.3 CULTURAL CODE IN SOME COUNTRIES 28 SUMMARY 39 THE MAJOR EMERGING MARKETS - BRICT: BRAZIL, RUSSIA, INDIA, CHINA AND TURKEY 41 4.1 BRAZIL 41 4.1.1 MACRO ENVIRONMENT 41 4.1.2 BANKING SYSTEM IN BRAZIL 42 4.1.3 CULTURAL CODE 43 4.2 RUSSIA 43 4.2.1 MACRO ENVIRONMENT 43 4.2.2 BANKING SYSTEM IN RUSSIA 44 4.2.3 CULTURAL CODE 45 4.3 INDIA 46 4.3.1 MACRO ENVIRONMENT 46 4.3.2 BANKING SYSTEM IN INDIA 47 4.3.3 CULTURAL CODE 48 4.4 CHINA 48 4.4.1 MACRO ENVIRONMENT 48 4.4.2 BANKING SYSTEM IN CHINA 49 4.4.3 CULTURAL CODE 50 4.5 TURKEY 51 4.5.1 MACRO ENVIRONMENT 51 4.5.2 BANKING SYSTEM IN TURKEY 51 4.5.3 CULTURAL CODE 52 SUMMARY 52 SOVEREIGN RATING AND COUNTRY RISK 55 5.1 COUNTRY RISK: DEFINITION AND ITS IMPORTANCE 55 5.2 SOVEREIGN DEFAULT: HISTORY AND CONSEQUENCE 57 5.2.1 HISTORY 57 5.2.2 CONSEQUENCE 58 5.3 COUNTRY RISK RATING PRINCIPLES 59 5.3.1 STANDARD & POOR S 59 5.3.2 EUROMONEY 60 5.3.3 INSTITUTIONAL INVESTOR 61 5.4 LIMITATIONS OF COUNTRY RISK RATING 61 5.5 COUNTRY RISK EVALUATION IN PRACTICE 62 5.5.1 COUNTRY RISK CREDIT COMMITTEE 62 5.5.2 TECHNIQUES FOR COUNTRY RISK ASSESSMENT 63 5.6 RECENT CASES OF COUNTRY CRISIS IN EMERGING MARKETS 65 5.6.1 THE RUSSIAN FINANCIAL CRISIS OF AUGUST 1998 65 5.6.2 THE FINANCIAL CRISIS IN ARGENTINA 66 5.6.3 THE FINANCIAL CRISIS IN MEXICO 67 5.6.4 ASIAN CRISIS 68 5.6.5 COUNTRY CRISIS: SIGNS AND SIGNALS 69 SUMMARY 71 CONTENTS IX PART II INSTITUTIONAL BANKING 73 6 FROM CORRESPONDENT BANKING TO INSTITUTIONAL BANKING: PAST AND PRESENT 75 6.1 THE ORIGIN OF CORRESPONDENT BANKING 75 6.2 THE INFLUENCE FROM THE GENERAL DEVELOPMENT OF THE BANKING INDUSTRY 76 6.3 CORRESPONDENT BANKING TODAY: TOWARDS AN INSTITUTIONAL RELATIONSHIP 77 SUMMARY 78 79 79 79 83 85 85 89 92 92 93 96 96 97 8 THE MARKETING FUNCTION OF INSTITUTIONAL BANKING 99 8.1 MARKETING STRATEGY: MARKET SEGMENTATION 99 8.2 MARKETING APPROACHES 100 8.2.1 CORRESPONDENCE 101 8.2.2 REGULAR VISIT TO CORRESPONDENT BANKS 101 8.2.3 SENIOR LEVEL MEETINGS 103 8.2.4 WORK-TOGETHER ON JOINT PROJECTS 103 8.3 MARKETING PRINCIPLES 104 8.3.1 RECIPROCITY 104 8.3.2 EARNINGS MOTIVATION: PROFIT SHARING 104 8.3.3 COMPLEMENTARY RELATIONSHIP 105 SUMMARY 1 06 9 THE RISK MANAGEMENT FUNCTION OF INSTITUTIONAL BANKING 109 9.1 BANK RISK EVALUATION 110 9.2 PRIVILEGES FOR BANKS: DEPOSIT INSURANCE 1 10 9.3 BANK EVALUATION FRAMEWORK 111 9.4 BANK RATING AND ITS LIMITATIONS 114 9.4.1 BANK RATING METHODOLOGY 115 9.4.2 BANK RATING LIMITATIONS 115 9.4.3 EVALUATION OF BANKS: THE PRACTICE 116 THE 7.1 7.2 7.3 7.4 PRODUCTS OF INSTITUTIONAL BANKING ACCOUNT SERVICE AND CASH MANAGEMENT 7.1.1 7.1.2 TRADE 7.2.1 ACCOUNT SERVICES CASH MANAGEMENT FINANCE VARIOUS WAYS TO FINANCE TRADE FINANCIAL MARKET AND/OR INVESTMENT BANK PRODUCTS OTHER 7.4.1 7.4.2 7.4.3 7.4.4 SUMMARY PRODUCTS CUSTODIAN SYNDICATION ASSET MANAGEMENT BANCASSURANCE CONTENTS 9.5 BANK FAILURES AND BANK CRISIS 117 9.5.1 BANK CRISIS: THE CONCEPT 117 9.5.2 BANK CRISIS: SIGNS AND SIGNALS 118 9.5.3 BANK ANALYSIS FORMAT 119 SUMMARY 120 10 INSTITUTIONAL BANKING AND INSTITUTIONAL BANKING DEPARTMENT 123 10.1 THE INSTITUTIONAL BANKING DEPARTMENT 123 10.2 THE ROLES FOR THE INSTITUTIONAL BANKING DEPARTMENT: AN ACCOUNT MANAGER, A RISK MANAGER OR A RELATIONSHIP MANAGER 123 10.3 THE CENTRALIZED VS DECENTRALIZED PATTERN 125 10.4 THE PERFORMANCE EVALUATION OF THE INSTITUTIONAL BANKING DEPARTMENT 126 10.5 HUMAN RESOURCE ISSUES FOR THE INSTITUTIONAL BANKING DEPARTMENT 127 SUMMARY 1 28 11 INSTITUTIONAL BANKING: FRAUD PREVENTION, ANTI-MONEY LAUNDERING AND BASEL II 131 11.1 FRAUD 131 11.1.1 FRAUD IN GENERAL 131 11.1.2 FRAUD OF FORGED BANK PAPERS 132 11.1.3 FRAUD IN TRADE FINANCE 133 11.2 MONEY LAUNDERING AND TERRORISM FINANCING 134 11.3 ANTI-MONEY LAUNDERING INITIATIVES 136 11.4 BASEL II AND ITS IMPLICATIONS TO INSTITUTIONAL BANKING 140 SUMMARY 141 PART III INSTITUTIONAL BANKING FOR EMERGING MARKETS: PRODUCT MARKETING, RISK MANAGEMENT, RISK MITIGATION AND PROBLEM SOLVING 143 12 CHARACTERISTICS OF INSTITUTIONAL BANKING FOR EMERGING MARKETS 145 12. 1 HETEROGENEOUSNESS 145 12.2 VOLATILITY 146 12.3 NATURE OF RELATIONSHIP 147 12.4 EXOTIC SOLUTIONS 148 12.5 CULTURE SENSITIVITY 149 SUMMARY 149 13 SPECIALIZED FINANCE FOR EMERGING MARKETS 151 13.1 PROJECT FINANCE 151 151 152 153 153 153 13.2 COMMODITY FINANCE 156 156 157 13.1 13. 13. 13. 13. .1 1.2 1.3 .4 .5 SCOPE CHARACTERISTICS PRODUCTS/PRODUCT STRUCTURE INTERNATIONAL NETWORK RISK MANAGEMENT COMMODITY FINANCE 13.: 13.: .L 1.2 SCOPE CHARACTERISTICS CONTENTS XI 13.2.3 PRODUCTS/PRODUCT STRUCTURE 159 13.2.4 INTERNATIONAL NETWORK 161 13.2.5 RISK MANAGEMENT 161 13.3 MICRO FINANCE 162 13.3.1 SCOPE 162 13.3.2 CHARACTERISTICS 163 13.3.3 PRODUCTS/PRODUCT STRUCTURE 164 13.3.4 INTERNATIONAL NETWORK 165 13.3.5 RISK MANAGEMENT 165 SUMMARY 165 14 MARKETING FOR EMERGING MARKETS 167 14.1 UNDERSTANDING THE CULTURE AND BANKING PRACTICE FOR COUNTERPARTIES 167 14.2 UNDERSTANDING THE NEEDS OF YOUR INSTITUTIONAL CLIENTS 169 14.2.1 CHEAP FUNDING FOR LIQUIDITY PURPOSES 169 14.2.2 BANKING KNOW-HOW: SPECIALISTS AND SKILLS 169 14.2.3 SPECIAL SUPPORT 172 14.2.4 SPECIAL PRODUCTS 173 14.3 THE PRICE ISSUE IN MARKETING FOR INSTITUTIONAL BANKING 174 14.4 THE PRODUCT ISSUE IN MARKETING FOR EMERGING MARKETS 3 76 SUMMARY 1 76 15 RISK MANAGEMENT FOR EMERGING MARKETS 179 15.1 RISK MANAGEMENT AND INSTITUTIONAL BANKING 179 15.2 STOP-GO POLICY: A DILEMMA? 180 15.3 PRINCIPLES OF RISK MANAGEMENT 182 15.3.1 ASSET-BACKED FINANCE AND BALANCE SHEET FINANCE 182 15.3.2 DEBT FINANCE AND EQUITY FINANCE 184 15.3.3 FINANCIAL RISK AND OPERATIONAL RISK 185 15.3.4 SHORT-TERM AND LONG-TERM FINANCE 187 15.4 COUNTRY RISK MANAGEMENT: COUNTRY LIMIT AND ITS RELATED ISSUES 188 15.5 COUNTRY RISK MANAGEMENT: COUNTRY RISK REGISTRATION 190 15.6 BANK RISK MANAGEMENT: BANK LIMIT AND ITS RELATED ISSUES 192 SUMMARY 193 16 RISK MITIGATION FOR EMERGING MARKETS 195 16.1 RISK MITIGATION: PRINCIPLES AND PRACTICE 195 16.2 STRUCTURED MITIGATION: PRACTICAL CASES 196 16.3 INTERNATIONAL MITIGATION - RISK COVER BY NATIONAL AND MULTILATERAL FINANCIAL INSTITUTIONS FOR DEVELOPMENT 199 16.4 MARKET MITIGATION: POLITICAL RISK INSURANCE 201 16.5 COUNTRY RISK SOLUTIONS - HANDLING DISTRESSED SOVEREIGN DEBT FOR EMERGING MARKETS 203 16.5.1 DEBT EQUITY SWAP 203 16.5.2 DEBT RESCHEDULING 204 16.5.3 DEBT SALE AND DEBT COLLECTION 204 XII CONTENTS 16.6 BANK RISK SOLUTION: RISK PARTICIPATION 206 16.6.1 RISK PARTICIPATION AND SYNDICATION 206 16.6.2 RISK PARTICIPATION AND RECIPROCITY OF INSTITUTIONAL BANKING 206 16.6.3 RISK PARTICIPATION MASTER AGREEMENT 207 16.6.4 RISK PARTICIPATION PROCEDURE 210 16.7 OTHER SOLUTIONS TO BANK RISK 212 16.8 TOOLS FOR RISK MITIGATION 216 16.8.1 LETTER OF ASSIGNMENT 216 16.8.2 LETTER OF COMFORT 217 16.8.3 PLEDGE AGREEMENT 218 SUMMARY 220 17 PROBLEM SOLVING FOR EMERGING MARKETS 221 17.1 PROBLEMS: HEADACHES TO BANKS 221 17.2 PROBLEM ANALYSIS 221 17.3 NEGOTIATION AND COUNTERPARTY S POSITION 222 17.4 PROBLEM-SOLVING FRAMEWORK 223 17.5 ACTION PLAN 224 17.6 LEGAL ACTION AS LAST RESORT 225 17.7 PROBLEM SOLVING: CASES 226 17.7.1 CASE 1 COMPROMISE AND FACE-SAVING 226 17.7.2 CASE 2 NEW LENDING AND OLD DEBTS 227 17.7.3 CASE 3 GENERAL MANAGER VS OPERATIONAL STAFF 228 17.7.4 CASE 4 WHO IS RIGHT AND WHO IS WRONG? 228 SUMMARY 228 CONCLUSION 231 A CHRONOLOGY OF THE ASIAN CRISIS, 1997-1999 233 BIBLIOGRAPHY 237 INDEX 241 PPN: 273162691 TITEL: INSTITUTIONAL BANKING FOR EMERGING MARKETS / W[EI-XIN] HUANG. - CHICHESTER, WEST SUSSEX : WILEY, 2007 ISBN: 978-0-470-03076-9CLOTHALK. PAPER BIBLIOGRAPHISCHER DATENSATZ IM SWB-VERBUND
adam_txt CONTENTS PREFACE XIII INTRODUCTION XVII PART I EMERGING MARKETS 1 1 COUNTRY CLASSIFICATION: PRINCIPLES AND PRACTICE 3 1.1 DEFINITION AND SCOPE 3 1.2 EMERGING MARKETS: 'SYMPTOMS' AND SIMILARITIES 6 1.2.1 'SYMPTOMS 1 6 1.2.2 SIMILARITIES 7 1.3 SINK OR SWIM: THE EVOLUTION OF EMERGING MARKETS 9 1.3.1 THE 19TH CENTURY 9 1.3.2 THE 1930S 9 1.3.3 THE 1950S AND 1960S 9 1.3.4 THE 1970S AND 1980S 10 1.3.5 THE 1990S 11 1.3.6 THE 2000S 13 1.4 EMERGING MARKETS: THE POTENTIAL 13 SUMMARY 15 2 EMERGING MARKETS: THE TWIN CRISIS - BANK CRISIS AND COUNTRY CRISIS 17 2.1 BANK CRISIS AND COUNTRY CRISIS 17 2.2 THE TWIN CRISIS AND ITS COSTS 17 2.3 BANK CRISIS AND COUNTRY CRISIS: MAJOR UNDERLYING FACTORS 18 SUMMARY 20 3 EMERGING MARKETS: THE CULTURE OUTLINE 23 3.1 CULTURE AND IMPORTANCE OF CULTURE IN BUSINESS 23 3.2 DIFFERENT DIMENSIONS OF CULTURE 25 VIII CONTENTS 3.3 CULTURAL CODE IN SOME COUNTRIES 28 SUMMARY 39 THE MAJOR EMERGING MARKETS - BRICT: BRAZIL, RUSSIA, INDIA, CHINA AND TURKEY 41 4.1 BRAZIL 41 4.1.1 MACRO ENVIRONMENT 41 4.1.2 BANKING SYSTEM IN BRAZIL 42 4.1.3 CULTURAL CODE 43 4.2 RUSSIA 43 4.2.1 MACRO ENVIRONMENT 43 4.2.2 BANKING SYSTEM IN RUSSIA 44 4.2.3 CULTURAL CODE 45 4.3 INDIA 46 4.3.1 MACRO ENVIRONMENT 46 4.3.2 BANKING SYSTEM IN INDIA 47 4.3.3 CULTURAL CODE 48 4.4 CHINA 48 4.4.1 MACRO ENVIRONMENT 48 4.4.2 BANKING SYSTEM IN CHINA 49 4.4.3 CULTURAL CODE 50 4.5 TURKEY 51 4.5.1 MACRO ENVIRONMENT 51 4.5.2 BANKING SYSTEM IN TURKEY 51 4.5.3 CULTURAL CODE 52 SUMMARY 52 SOVEREIGN RATING AND COUNTRY RISK 55 5.1 COUNTRY RISK: DEFINITION AND ITS IMPORTANCE 55 5.2 SOVEREIGN DEFAULT: HISTORY AND CONSEQUENCE 57 5.2.1 HISTORY 57 5.2.2 CONSEQUENCE 58 5.3 COUNTRY RISK RATING PRINCIPLES 59 5.3.1 STANDARD & POOR'S 59 5.3.2 EUROMONEY 60 5.3.3 INSTITUTIONAL INVESTOR 61 5.4 LIMITATIONS OF COUNTRY RISK RATING 61 5.5 COUNTRY RISK EVALUATION IN PRACTICE 62 5.5.1 COUNTRY RISK CREDIT COMMITTEE 62 5.5.2 TECHNIQUES FOR COUNTRY RISK ASSESSMENT 63 5.6 RECENT CASES OF COUNTRY CRISIS IN EMERGING MARKETS 65 5.6.1 THE RUSSIAN FINANCIAL CRISIS OF AUGUST 1998 65 5.6.2 THE FINANCIAL CRISIS IN ARGENTINA 66 5.6.3 THE FINANCIAL CRISIS IN MEXICO 67 5.6.4 ASIAN CRISIS 68 5.6.5 COUNTRY CRISIS: SIGNS AND SIGNALS 69 SUMMARY 71 CONTENTS IX PART II INSTITUTIONAL BANKING 73 6 FROM CORRESPONDENT BANKING TO INSTITUTIONAL BANKING: PAST AND PRESENT 75 6.1 THE ORIGIN OF CORRESPONDENT BANKING 75 6.2 THE INFLUENCE FROM THE GENERAL DEVELOPMENT OF THE BANKING INDUSTRY 76 6.3 CORRESPONDENT BANKING TODAY: TOWARDS AN INSTITUTIONAL RELATIONSHIP 77 SUMMARY 78 79 79 79 83 85 85 89 92 92 93 96 96 97 8 THE MARKETING FUNCTION OF INSTITUTIONAL BANKING 99 8.1 MARKETING STRATEGY: MARKET SEGMENTATION 99 8.2 MARKETING APPROACHES 100 8.2.1 CORRESPONDENCE 101 8.2.2 REGULAR VISIT TO CORRESPONDENT BANKS 101 8.2.3 SENIOR LEVEL MEETINGS 103 8.2.4 WORK-TOGETHER ON JOINT PROJECTS 103 8.3 MARKETING PRINCIPLES 104 8.3.1 RECIPROCITY 104 8.3.2 EARNINGS MOTIVATION: 'PROFIT SHARING' 104 8.3.3 COMPLEMENTARY RELATIONSHIP 105 SUMMARY 1 06 9 THE RISK MANAGEMENT FUNCTION OF INSTITUTIONAL BANKING 109 9.1 BANK RISK EVALUATION 110 9.2 PRIVILEGES FOR BANKS: DEPOSIT INSURANCE 1 10 9.3 BANK EVALUATION FRAMEWORK 111 9.4 BANK RATING AND ITS LIMITATIONS 114 9.4.1 BANK RATING METHODOLOGY 115 9.4.2 BANK RATING LIMITATIONS 115 9.4.3 EVALUATION OF BANKS: THE PRACTICE 116 THE 7.1 7.2 7.3 7.4 PRODUCTS OF INSTITUTIONAL BANKING ACCOUNT SERVICE AND CASH MANAGEMENT 7.1.1 7.1.2 TRADE 7.2.1 ACCOUNT SERVICES CASH MANAGEMENT FINANCE VARIOUS WAYS TO FINANCE TRADE FINANCIAL MARKET AND/OR INVESTMENT BANK PRODUCTS OTHER 7.4.1 7.4.2 7.4.3 7.4.4 SUMMARY PRODUCTS CUSTODIAN SYNDICATION ASSET MANAGEMENT BANCASSURANCE CONTENTS 9.5 BANK FAILURES AND BANK CRISIS 117 9.5.1 BANK CRISIS: THE CONCEPT 117 9.5.2 BANK CRISIS: SIGNS AND SIGNALS 118 9.5.3 BANK ANALYSIS FORMAT 119 SUMMARY 120 10 INSTITUTIONAL BANKING AND INSTITUTIONAL BANKING DEPARTMENT 123 10.1 THE INSTITUTIONAL BANKING DEPARTMENT 123 10.2 THE ROLES FOR THE INSTITUTIONAL BANKING DEPARTMENT: AN ACCOUNT MANAGER, A RISK MANAGER OR A RELATIONSHIP MANAGER 123 10.3 THE CENTRALIZED VS DECENTRALIZED PATTERN 125 10.4 THE PERFORMANCE EVALUATION OF THE INSTITUTIONAL BANKING DEPARTMENT 126 10.5 HUMAN RESOURCE ISSUES FOR THE INSTITUTIONAL BANKING DEPARTMENT 127 SUMMARY 1 28 11 INSTITUTIONAL BANKING: FRAUD PREVENTION, ANTI-MONEY LAUNDERING AND BASEL II 131 11.1 FRAUD 131 11.1.1 FRAUD IN GENERAL 131 11.1.2 FRAUD OF FORGED BANK PAPERS 132 11.1.3 FRAUD IN TRADE FINANCE 133 11.2 MONEY LAUNDERING AND TERRORISM FINANCING 134 11.3 ANTI-MONEY LAUNDERING INITIATIVES 136 11.4 BASEL II AND ITS IMPLICATIONS TO INSTITUTIONAL BANKING 140 SUMMARY 141 PART III INSTITUTIONAL BANKING FOR EMERGING MARKETS: PRODUCT MARKETING, RISK MANAGEMENT, RISK MITIGATION AND PROBLEM SOLVING 143 12 CHARACTERISTICS OF INSTITUTIONAL BANKING FOR EMERGING MARKETS 145 12. 1 HETEROGENEOUSNESS 145 12.2 VOLATILITY 146 12.3 NATURE OF RELATIONSHIP 147 12.4 EXOTIC SOLUTIONS 148 12.5 CULTURE SENSITIVITY 149 SUMMARY 149 13 SPECIALIZED FINANCE FOR EMERGING MARKETS 151 13.1 PROJECT FINANCE 151 151 152 153 153 153 13.2 COMMODITY FINANCE 156 156 157 13.1 13. 13. 13. 13. .1 1.2 1.3 .4 .5 SCOPE CHARACTERISTICS PRODUCTS/PRODUCT STRUCTURE INTERNATIONAL NETWORK RISK MANAGEMENT COMMODITY FINANCE 13.: 13.: .L 1.2 SCOPE CHARACTERISTICS CONTENTS XI 13.2.3 PRODUCTS/PRODUCT STRUCTURE 159 13.2.4 INTERNATIONAL NETWORK 161 13.2.5 RISK MANAGEMENT 161 13.3 MICRO FINANCE 162 13.3.1 SCOPE 162 13.3.2 CHARACTERISTICS 163 13.3.3 PRODUCTS/PRODUCT STRUCTURE 164 13.3.4 INTERNATIONAL NETWORK 165 13.3.5 RISK MANAGEMENT 165 SUMMARY 165 14 MARKETING FOR EMERGING MARKETS 167 14.1 UNDERSTANDING THE CULTURE AND BANKING PRACTICE FOR COUNTERPARTIES 167 14.2 UNDERSTANDING THE NEEDS OF YOUR INSTITUTIONAL CLIENTS 169 14.2.1 CHEAP FUNDING FOR LIQUIDITY PURPOSES 169 14.2.2 BANKING KNOW-HOW: SPECIALISTS AND SKILLS 169 14.2.3 SPECIAL SUPPORT 172 14.2.4 SPECIAL PRODUCTS 173 14.3 THE PRICE ISSUE IN MARKETING FOR INSTITUTIONAL BANKING 174 14.4 THE PRODUCT ISSUE IN MARKETING FOR EMERGING MARKETS 3 76 SUMMARY 1 76 15 RISK MANAGEMENT FOR EMERGING MARKETS 179 15.1 RISK MANAGEMENT AND INSTITUTIONAL BANKING 179 15.2 'STOP-GO'POLICY: A DILEMMA? 180 15.3 PRINCIPLES OF RISK MANAGEMENT 182 15.3.1 ASSET-BACKED FINANCE AND BALANCE SHEET FINANCE 182 15.3.2 DEBT FINANCE AND EQUITY FINANCE 184 15.3.3 FINANCIAL RISK AND OPERATIONAL RISK 185 15.3.4 SHORT-TERM AND LONG-TERM FINANCE 187 15.4 COUNTRY RISK MANAGEMENT: COUNTRY LIMIT AND ITS RELATED ISSUES 188 15.5 COUNTRY RISK MANAGEMENT: COUNTRY RISK REGISTRATION 190 15.6 BANK RISK MANAGEMENT: BANK LIMIT AND ITS RELATED ISSUES 192 SUMMARY 193 16 RISK MITIGATION FOR EMERGING MARKETS 195 16.1 RISK MITIGATION: PRINCIPLES AND PRACTICE 195 16.2 STRUCTURED MITIGATION: PRACTICAL CASES 196 16.3 INTERNATIONAL MITIGATION - RISK COVER BY NATIONAL AND MULTILATERAL FINANCIAL INSTITUTIONS FOR DEVELOPMENT 199 16.4 MARKET MITIGATION: POLITICAL RISK INSURANCE 201 16.5 COUNTRY RISK SOLUTIONS - HANDLING DISTRESSED SOVEREIGN DEBT FOR EMERGING MARKETS 203 16.5.1 DEBT EQUITY SWAP 203 16.5.2 DEBT RESCHEDULING 204 16.5.3 DEBT SALE AND DEBT COLLECTION 204 XII CONTENTS 16.6 BANK RISK SOLUTION: RISK PARTICIPATION 206 16.6.1 RISK PARTICIPATION AND SYNDICATION 206 16.6.2 RISK PARTICIPATION AND RECIPROCITY OF INSTITUTIONAL BANKING 206 16.6.3 RISK PARTICIPATION MASTER AGREEMENT 207 16.6.4 RISK PARTICIPATION PROCEDURE 210 16.7 OTHER SOLUTIONS TO BANK RISK 212 16.8 TOOLS FOR RISK MITIGATION 216 16.8.1 LETTER OF ASSIGNMENT 216 16.8.2 LETTER OF COMFORT 217 16.8.3 PLEDGE AGREEMENT 218 SUMMARY 220 17 PROBLEM SOLVING FOR EMERGING MARKETS 221 17.1 PROBLEMS: HEADACHES TO BANKS 221 17.2 PROBLEM ANALYSIS 221 17.3 NEGOTIATION AND COUNTERPARTY'S POSITION 222 17.4 PROBLEM-SOLVING FRAMEWORK 223 17.5 ACTION PLAN 224 17.6 LEGAL ACTION AS LAST RESORT 225 17.7 PROBLEM SOLVING: CASES 226 17.7.1 CASE 1 COMPROMISE AND FACE-SAVING 226 17.7.2 CASE 2 NEW LENDING AND 'OLD DEBTS' 227 17.7.3 CASE 3 GENERAL MANAGER VS OPERATIONAL STAFF 228 17.7.4 CASE 4 WHO IS RIGHT AND WHO IS WRONG? 228 SUMMARY 228 CONCLUSION 231 A CHRONOLOGY OF THE ASIAN CRISIS, 1997-1999 233 BIBLIOGRAPHY 237 INDEX 241 PPN: 273162691 TITEL: INSTITUTIONAL BANKING FOR EMERGING MARKETS / W[EI-XIN] HUANG. - CHICHESTER, WEST SUSSEX : WILEY, 2007 ISBN: 978-0-470-03076-9CLOTHALK. 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geographic Entwicklungsländer (DE-588)4014954-7 gnd
geographic_facet Entwicklungsländer
id DE-604.BV023263604
illustrated Illustrated
index_date 2024-07-02T20:33:01Z
indexdate 2024-07-09T21:14:27Z
institution BVB
isbn 9780470030769
language English
lccn 2007002349
oai_aleph_id oai:aleph.bib-bvb.de:BVB01-016448744
oclc_num 315447151
open_access_boolean
owner DE-1051
owner_facet DE-1051
physical XXV, 247 S. graph. Darst.
publishDate 2007
publishDateSearch 2007
publishDateSort 2007
publisher Wiley
record_format marc
series2 Wiley finance series
spelling Huang, Wei-Xin Verfasser (DE-588)132840383 aut
Institutional banking for emerging markets W[ei-Xin] Huang
Chichester, West Sussex Wiley 2007
XXV, 247 S. graph. Darst.
txt rdacontent
n rdamedia
nc rdacarrier
Wiley finance series
Includes bibliographical references and index
Bank
Entwicklungsländer
Banks and banking / Developing countries
Correspondent banks / Developing countries
Kreditwesen (DE-588)4032950-1 gnd rswk-swf
Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf
Entwicklungsländer (DE-588)4014954-7 g
Kreditwesen (DE-588)4032950-1 s
DE-604
application/pdf http://swbplus.bsz-bw.de/bsz273162691inh.pdf Inhaltsverzeichnis
application/pdf http://swbplus.bsz-bw.de/bsz273162691vlg.pdf Verlagsinformation
SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016448744&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis
spellingShingle Huang, Wei-Xin
Institutional banking for emerging markets
Bank
Entwicklungsländer
Banks and banking / Developing countries
Correspondent banks / Developing countries
Kreditwesen (DE-588)4032950-1 gnd
subject_GND (DE-588)4032950-1
(DE-588)4014954-7
title Institutional banking for emerging markets
title_auth Institutional banking for emerging markets
title_exact_search Institutional banking for emerging markets
title_exact_search_txtP Institutional banking for emerging markets
title_full Institutional banking for emerging markets W[ei-Xin] Huang
title_fullStr Institutional banking for emerging markets W[ei-Xin] Huang
title_full_unstemmed Institutional banking for emerging markets W[ei-Xin] Huang
title_short Institutional banking for emerging markets
title_sort institutional banking for emerging markets
topic Bank
Entwicklungsländer
Banks and banking / Developing countries
Correspondent banks / Developing countries
Kreditwesen (DE-588)4032950-1 gnd
topic_facet Bank
Entwicklungsländer
Banks and banking / Developing countries
Correspondent banks / Developing countries
Kreditwesen
url http://swbplus.bsz-bw.de/bsz273162691inh.pdf
http://swbplus.bsz-bw.de/bsz273162691vlg.pdf
http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016448744&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv AT huangweixin institutionalbankingforemergingmarkets