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Domestic Bank Regulation and Financial Crises : Theory and Empirical Evidence from East Asia

Dekle, Robert - 2010

more fragile under imperfect prudential regulation and public sector loan guarantees until a crisis occurs with an expected …

Persistent link: https://www.econbiz.de/10012763142

Financial Sector Regulation and Reforms in Emerging Markets : An Overview

Prasad, Eswar S. - 2010

as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …

Persistent link: https://www.econbiz.de/10013137321

Efficient Bailouts?

Bianchi, Javier - 2012

We develop a quantitative equilibrium model of financial crises to assess the interaction between ex-post interventions in credit markets and the buildup of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the...

Persistent link: https://www.econbiz.de/10013096860

Deposit Insurance : Theories and Facts

Calomiris, Charles W. - 2016

that prevent moral hazard and adverse selection. Prudential regulation of insured banks has generally not been a very … failures in regulation; if liability insurance is motivated by private interests, then there would be little point to removing … the subsidies it creates through strict regulation. That same logic explains why more effective policies for addressing …

Persistent link: https://www.econbiz.de/10012992658

Systemic Risk and the Great Depression

Das, Sanjiv R. - 2018

We employ a unique hand-collected dataset and a novel methodology to examine systemic risk before and after the largest U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank as well as a bank's position in the network. We construct...

Persistent link: https://www.econbiz.de/10012906269

The Flight from Maturity

Gorton, Gary - 2014

Why did the failure of Lehman Brothers make the financial crisis dramatically worse? The financial crisis was a process of a build-up of risk during the crisis prior to the Lehman failure. Market participants tried to preserve an option or exit by shortening maturities - the "flight from...

Persistent link: https://www.econbiz.de/10013055515

Recovery from Financial Crises : Evidence from 100 Episodes

Reinhart, Carmen M. - 2014

We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 1⁄2 years. Five to six years...

Persistent link: https://www.econbiz.de/10013060679

Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis

Benmelech, Efraim - 2011

Does short-term debt increase vulnerability to financial crisis, or does short-term debt reflect -- rather than cause -- the incipient crisis? We study the role that short-term debt played in the collapse of the East Asian financial sector in 1997-1998. We alleviate concerns about the...

Persistent link: https://www.econbiz.de/10013119955

International Capital Inflows, Domestic Financial Intermediation and Financial Crises Under Imperfect Information

Chinn, Menzie David; Kletzer, Kenneth - 2021

A model of financial crises in emerging markets based on problems of agency in financial intermediation is developed. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in an endogenous growth model. As a consequence of loan...

Persistent link: https://www.econbiz.de/10013248678

Deflation, Silent Runs, and Bank Holidays, in the Great Contraction

Rockoff, Hugh - 2021

This paper argues that the banking crises in the United States in the early 1930s were similar to the twin crises' -- banking and balance of payments crises -- which have occurred in developing countries in recent years. The downturn that began in 1929 undermined banks that had made risky loans...

Persistent link: https://www.econbiz.de/10013220071