Determinants of Banking System Fragility:A Regional Perspective

Abstract: Banking systems are fragile not only within one country but also within and across regions. We study the role of regional banking system characteristics for regional banking system fragility. We find that regional banking system fragility reduces when banks in the region jointly hold more liquid assets, are better capitalized, and when regional banking systems are more competitive. For Asia and Latin-America, a greater presence of foreign banks also reduces regional banking fragility. We further investigate the possibility of contagion within and across regions. Within region banking contagion is important in all regions but it is substantially lower in the developed regions compared to emerging market regions. For cross-regional contagion, we find that the contagion effects of Europe and the US on Asia and Latin America are significantly higher compared to the effect of Asia and Latin America among themselves. Finally, the impact of cross-regional contagion is attenuated when the host region has a more liquid and more capitalized banking sector.

Determinants of Banking System Fragility:A Regional Perspective

Abstract: Banking systems are fragile not only within one country but also within and across regions. We study the role of regional banking system characteristics for regional banking system fragility. We find that regional banking system fragility reduces when banks in the region jointly hold more liquid assets, are better capitalized, and when regional banking systems are more competitive. For Asia and Latin-America, a greater presence of foreign banks also reduces regional banking fragility. We further investigate the possibility of contagion within and across regions. Within region banking contagion is important in all regions but it is substantially lower in the developed regions compared to emerging market regions. For cross-regional contagion, we find that the contagion effects of Europe and the US on Asia and Latin America are significantly higher compared to the effect of Asia and Latin America among themselves. Finally, the impact of cross-regional contagion is attenuated when the host region has a more liquid and more capitalized banking sector.

Performance Evaluation of a Direct Absorption Collector for Solar Thermal Energy Conversion

The solar absorption efficiency of water as a base-fluid can be significantly improved by suspending nanoparticles of various materials in it. This experimental work presents the photo thermal performance of water-based nano-fluids of graphene oxide (GO), zinc oxide (ZnO), copper oxide (CuO), and their hybrids under natural solar flux for the first time. Nanofluid samples were prepared by the two-step method and the photothermal performance of these nanofluid samples was conducted under natural solar flux in a particle concentration range from 0.0004 wt % to 0.0012 wt %. The photothermal efficiency of water-based 0.0012 wt % GO nanofluid was 46.6% greater than that of the other nanofluids used. This increased photothermal performance of GO nanofluid was associated with its good stability, high absorptivity, and high thermal conductivity. Thus, pure graphene oxide (GO) based nanofluid is a potential candidate for direct absorption solar collection to be used in different solar thermal energy conversion applications