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The 2007 Meltdown in Structured Securitization : Searching for Lessons, Not Scapegoats

Caprio, Gerard, Jr.; Demirg????-Kunt, Asl??; Kane, Edward J. - 2012

supervision in every country in the world. The paper concludes by identifying reforms that would improve incentives by increasing …

Persistent link: https://www.econbiz.de/10012552219

Do Phoenix Miracles Exist? Firm-Level Evidence from Financial Crises

Ayyagari, Meghana; Demirg????-Kunt, Asli; Maksimovic, … - 2012

This paper provides empirical evidence on firm recoveries from financial system collapses in developing countries (systemic sudden stops episodes), and compares them with the experience in the United States in the 2008 financial crisis. Prior research found that economies recover from systemic...

Persistent link: https://www.econbiz.de/10012551295

Learning from Financial Crises

Lim, Jamus Jerome; Minne, Geoffrey - 2014

This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank activity and ownership with country-level data on...

Persistent link: https://www.econbiz.de/10012572841

Banking Sector Crises and Inequality

Honohan, Patrick - 2012

An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides,...

Persistent link: https://www.econbiz.de/10012554117

Transparency, Liberalization, and Banking Crisis

Kaufmann, Daniel; Mehrez, Gil - 2000

The authors investigate how transparency affects the probability of a financial crisis. They construct a model in which banks cannot distinguish between aggregate shocks and government policy, on the one hand, and firm' quality, on the other. Banks may therefore overestimate firms' returns and...

Persistent link: https://www.econbiz.de/10012572727

Resolving Systemic Financial Crisis : Policies and Institutions

Claessens, Constantijn A.; Klingebiel, Daniela; Laeven, Luc - 2013

The authors analyze the role of institutions in resolving systemic banking crises for a broad sample of countries. Banking crises are fiscally costly, especially when policies like substantial liquidity support, explicit government guarantees on financial institutions liabilities, and...

Persistent link: https://www.econbiz.de/10012559804

Financial Development, Financial Fragility, and Growth

Loayza, Norman; Ranci??re, Romain - 2013

The authors study the apparent contradiction 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/10012559865

Credit Conditions and Foreign Direct Investment During the Global Financial Crisis

Desbordes, Rodolphe; Wei, Shang-jin - 2014

This paper investigates the effect that tight credit conditions had on outward foreign direct investment flows during the 2008-2010 global financial crisis. A difference-in-differences approach is used to isolate a "credit channel" impact of the global financial crisis on foreign direct...

Persistent link: https://www.econbiz.de/10012572225

The Great Recession and the Future of Cities

Dethier, Jean-Jacques; Morrill, Curtis - 2012

This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008 …. Section 1 summarizes how the crisis was triggered and how it unfolded in the US, then spread to the rest of world … and expenditure, and the stimulus programs and recovery plans devised as a short term response by cities around the world …

Persistent link: https://www.econbiz.de/10012572472

New Firm Registration and the Business Cycle

Klapper, Leora; Love, Inessa; Randall, Douglas - 2014

This paper uses new panel data on the number of new firm registrations in 109 countries during 2002-2012 to study the relationship between entrepreneurship and economic growth. The data show strong evidence of a pro-cyclical pattern in entrepreneurship. An examination of heterogeneous...

Persistent link: https://www.econbiz.de/10012573877