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Credit cycle and capital buffers in Central America, Panama, and the Dominican Republic
Flamini, Valentina; Bologna, Pierluigi; Di Vittorio, Fabio - 2019
Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is key to identifying vulnerabilities, particularly in emerging markets, which tend...
Persistent link: https://www.econbiz.de/10012009386
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How should credit gaps be measured? : an application to European countries
Baba, Chikako; Dell'Erba, Salvatore; Detragiache, Enrica; … - 2020
Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential policy. The Basel Credit Gap (BCG) - the deviation of the credit-to-GDP ratio from its long-term trend estimated with a one-sided Hodrick-Prescott (HP) filter-is the indicator...
Persistent link: https://www.econbiz.de/10012170099
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Conceptual issues in calibrating the Basel III countercyclical capital buffer
Wezel, Torsten - 2019
always work best in terms of covering bank loan losses that go beyond what could be expected from economic downturns. Instead …
Persistent link: https://www.econbiz.de/10012019861
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Bank asset quality in emerging markets : determinants and spillovers
De Bock, Reinout; Demyanets, Alexander - 2012
Persistent link: https://www.econbiz.de/10009572427
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When banks punch back : macrofinancial feedback loops in stress tests
Catalán, Mario; Hoffmaister, Alexander W. - 2020
In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to … contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The …
Persistent link: https://www.econbiz.de/10012251391
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Financial Development, Financial Fragility, and Growth
Loayza, Norman - 2005
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...
Persistent link: https://www.econbiz.de/10014404211
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Financial System Standards and Financial Stability : The Case of Basel Core Principles
Marston, David - 2001
indicators of credit risk and bank soundness are primarily influenced by macroeconomic and macroprudential factors and that the …
Persistent link: https://www.econbiz.de/10014400104
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The dynamics of non-performing loans during banking crises : a new database
Ari, Anil; Chen, Sophia; Ratnovski, Lev - 2019
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012155002
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Mitigating the deadly embrace in financial cycles : countercyclical buffers and loan-to-value limits
Benes, Jaromir; Laxton, Douglas; Mongardini, Joannes - 2016
, and bank mortgages are intertwined in what we call a deadly embrace. Without macroprudential policies, this deadly embrace …
Persistent link: https://www.econbiz.de/10011705673
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Credit Conditions and Recoveries From Recessions Associated with Financial Crises
Kannan, Prakash - 2010
Recoveries from recessions associated with a financial crisis tend to be sluggish. In this paper, we present evidence that stressed credit conditions are an important factor constraining the pace of recovery. In particular, using industry-level data, we find that industries relying more on...
Persistent link: https://www.econbiz.de/10014402880