Binomial distribution and Committee on the Global Financial System: Difference between pages

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''Statistics.''
(CGFS).


A discrete probability distribution built up from a series of binomial trials.
The Committee on the Global Financial System monitors developments in global financial markets for central bank Governors. It is one of the organisations hosted by the [[Bank for International Settlements]]  (BIS) in Basel.


Its seeks to identify and assess potential sources of stress in global financial markets, further understanding of the structure of financial markets and promote improvements to their functioning and stability. The CGFS also oversees the collection of the BIS international banking and financial statistics.


The binomial distribution can be an appropriate model for processes where:
Set up as the Euro-currency Standing Committee in 1971 with a mandate to monitor international banking markets its focus was the monetary policy implications of growing off-shore deposit and lending markets. Reflecting the turning of attention to financial stability and structural changes in the financial system more broadly, [[G10]] Governors renamed the Committee and revised its mandate in 1999.
 
#The process consists of a limited whole number of identical trials or situations (n).
#Each trial results in just one of only two possible outcomes (eg success or failure).
#The probability of success (p) remains constant for each trial.
#The trials are independent, and
#Primary interest lies in the probability of a specified number of successes (or of failures) in the n trials.
 
 
For example, the total number of sales achieved in a fixed number of sales appointments, assuming the probability of achieving a sale remains constant for each appointment.
 
 
== See also ==
* [[Binary]]
* [[Binomial]]
* [[Discrete random variable]]
* [[Frequency distribution]]
* [[Poisson distribution]]

Revision as of 09:04, 7 April 2015

(CGFS).

The Committee on the Global Financial System monitors developments in global financial markets for central bank Governors. It is one of the organisations hosted by the Bank for International Settlements (BIS) in Basel.

Its seeks to identify and assess potential sources of stress in global financial markets, further understanding of the structure of financial markets and promote improvements to their functioning and stability. The CGFS also oversees the collection of the BIS international banking and financial statistics.

Set up as the Euro-currency Standing Committee in 1971 with a mandate to monitor international banking markets its focus was the monetary policy implications of growing off-shore deposit and lending markets. Reflecting the turning of attention to financial stability and structural changes in the financial system more broadly, G10 Governors renamed the Committee and revised its mandate in 1999.