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From Subprime Loans to Subprime Growth? Evidence for the Euro Area

Cihák, Martin; Brooks, Petya Koeva - International Monetary Fund (IMF) - 2009

The global financial crisis has highlighted the potential of financial conditions for influencing real economic activity. We examine the linkages between the financial and real sectors in the euro area, finding that (i) bank loan supply responds negatively to declines in bank soundness; (ii) a...

Persistent link: https://www.econbiz.de/10005825755

Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries

International Monetary Fund (IMF); International … - 1992

A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...

Persistent link: https://www.econbiz.de/10005825950

Bank Ownership, Market Structure and Risk

Nicoló, Gianni De; Loukoianova, Elena - International Monetary Fund (IMF) - 2007

This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These predictions are explored empirically using a panel of...

Persistent link: https://www.econbiz.de/10005826093

The International Lender of Last Resort; How Large is Large Enought?

Jeanne, Olivier - International Monetary Fund (IMF) - 2001

This paper considers how an international lender of last resort (LOLR) can prevent self-fulfilling banking and currency crises in emerging economies. We compare two different arrangements: one in which the international LOLR injects liquidity into international financial markets, and one in...

Persistent link: https://www.econbiz.de/10005826583

Indonesia; Anatomy of a Banking Crisis

Kovanen, Arto; Frécaut, Olivier; Baldwin, Barbara E.; … - International Monetary Fund (IMF) - 2001

This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the...

Persistent link: https://www.econbiz.de/10005826629

The Breakdown of Credit Relations Under Conditions of a Banking Crisis; A Switching Regime Approach

Muñoz, Sònia - International Monetary Fund (IMF) - 2000

This paper empirically analyzes the effects of a banking crisis on bank credit to the private sector for a panel of developing, developed, and transition economies for the period 1970-1998. The model illustrates how the behavior of the bank credit function changes during a banking crisis,...

Persistent link: https://www.econbiz.de/10005826645

Banks During the Argentine Crisis; Were they All Hurt Equally? Did they All Behave Equally?

Juan-Ramon, V. Hugo; Basco, Emiliano; Quarracino, Carlos; … - International Monetary Fund (IMF) - 2006

The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system’s difficulties during the crisis: increasing dollarization of the balance sheet, expanding exposure to the government, and, eventually,...

Persistent link: https://www.econbiz.de/10005826664

Bank Resolution Costs, Depositor Preference, and Asset Encumbrance

Hardy, Daniel C. - International Monetary Fund (IMF) - 2013

Depositor preference and collateralization of borrowing may reduce the cost of settling the conflicts among creditors that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank rather than affect creditors’ expected returns, should...

Persistent link: https://www.econbiz.de/10011123844

Systemic Risk Monitoring ("SysMo") Toolkitâ€”A User Guide

Blancher, Nicolas R.; Mitra, Srobona; Morsy, Hanan; … - International Monetary Fund (IMF) - 2013

There has recently been a proliferation of new quantitative tools as part of various initiatives to improve the monitoring of systemic risk. The "SysMo" project takes stock of the current toolkit used at the IMF for this purpose. It offers detailed and practical guidance on the use of current...

Persistent link: https://www.econbiz.de/10011123862

Segmentation and informality in Vietnam: A survey of the literature

Cling, Jean-Pierre; Razafindrakoto, Mireille; Roubaud, … - Université Paris-Dauphine (Paris IX) - 2014

Labour market segmentation is usually defined as the division of the labour markets into separate submarkets or … the segmentation issue has been focusing in developed countries, and especially in Europe, on contractual segmentation and … approach to labour market segmentation is necessarily slightly different. Indeed, most workers are engaged in the informal …

Persistent link: https://www.econbiz.de/10011093888