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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

Stock Market Responses to Bank Restructuring Policies during the East Asian Crisis

Klingebiel, Daniela; Kroszner, Randy; Laeven, Luc; van … - 2001

The East Asian crisis began in Thailand in mid-1997 when an ailing financial sector, a slowdown in exports, and large increases in central bank credit to weak financial institutions, triggered a run on the baht. Then the crisis spread to other countries in the region, as common vulnerabilities,...

Persistent link: https://www.econbiz.de/10012572943

The Political Economy of Distress in East Asian Financial Institutions

Bongini, Paola; Claessens, Stijn; Ferri, Giovanni - 2000

Politics and regulatory capture can play an important role in financial institutions distress. East Asia's financial crisis featured many distressed and closed financial intermediaries in an environment with many links between government, politicians, supervisors, and financial institutions....

Persistent link: https://www.econbiz.de/10012571740

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

Current Challenges in Financial Regulation

Claessens, Stijn - 2012

Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in...

Persistent link: https://www.econbiz.de/10012553921

Regulating Islamic Financial Institutions : The Nature of the Regulated

El-Hawary, Dahlia; Grais, Wafik M.; Iqbal, Zamir - 2013

with its principles and prudent risk management, and facilitate its regulation. …

Persistent link: https://www.econbiz.de/10012559704

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 Development Impact of Financial Regulation : Evidence from Ethiopia and Antebellum USA

Limodio, Nicola; Strobbe, Francesco - 2016

depositor repayment in bad states. In so doing, financial regulation stimulates bank profits if subsequent deposit growth … empirical tests are presented: 1) a regulation change by the National Bank of Ethiopia in 2011; 2) the introduction of bank … taxes in Antebellum USA (1800-1861). Analyzing bank balance sheets and long-term branch installation, the regulation effects …

Persistent link: https://www.econbiz.de/10012571016

Financial Sector Policy in Practice : Benchmarking Financial Sector Strategies around the World

Maimbo, Samuel Munzele; Melecký, Martin - 2014

Policy makers use financial sector strategies to formulate a holistic policy for their national financial sectors. This paper examines and rates financial sector strategies around the world based on how well they formulate development targets, arrangements for systemic risk management, and...

Persistent link: https://www.econbiz.de/10012560851

Bank Capital and Systemic Stability

Anginer, Deniz; Demirguc-Kunt, Asli - 2014

This paper distinguishes among various types of capital and examines their effect on system-wide fragility. The analysis finds that higher quality forms of capital reduce the systemic risk contribution of banks, whereas lower quality forms can have a destabilizing impact, particularly during...

Persistent link: https://www.econbiz.de/10012572534