countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the … support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more …

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some … new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture … vulnerabilities, and the resolution of financial institutions. The global nature of the financial crisis has made clear that …

across sectors are stronger in developing countries, in countries with less access to foreign finance, and where banking …

growth during these episodes is about a third lower than during "normal" recoveries. Aggregate and sectoral data suggest that …

We test for the existence of a moral hazard effect attributable to official crisis lending by analyzing the evolution … of sovereign bond spreads in emerging markets before and after the Russian crisis. The nonbailout of Russia in August … 1998 is interpreted as an event that decreased the perceived probability of future crisis lending to emerging markets. In …