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Placing Bank Supervision in the Central Bank : Implications for Financial Stability Based on Evidence from the Global Crisis

Melecký, Martin; Podpiera, Anca Maria - 2015

Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies whether placing microprudential supervision of banks,...

Persistent link: https://www.econbiz.de/10012571807

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

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

Bank Activity and Funding Strategies : The Impact on Risk and Returns

Demirg????-Kunt, Asli; Huizinga, Harry - 2012

This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns using an international sample of 1,334 banks in 101 countries leading up to the 2007 financial crisis. Expansion into non-interest income generating activities such as trading...

Persistent link: https://www.econbiz.de/10012551765

On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios

Raddatz, Claudio E.; Schmukler, Sergio L. - 2012

Using micro-level data on mutual funds from different financial centers investing in equity and bonds, this paper analyzes how investors and managers behave and transmit shocks across countries. The paper shows that the volatility of mutual fund investments is quantitatively driven by investors...

Persistent link: https://www.econbiz.de/10012554504

Sovereign Ratings in the Post-Crisis World : An Analysis of Actual, Shadow and Relative Risk Ratings

Basu, Kaushik; De, Supriyo; Ratha, Dilip K. - 2014

ratings after controlling for changes in the world weighted average rating. When relative ratings in 2012 are compared with … the first half of 2008, the world average rating is found to be weaker because of the financial crisis. The relative …

Persistent link: https://www.econbiz.de/10012560751

Demand Collapse or Credit Crunch to Firms? Evidence from the World Bank's Financial Crisis Survey in Eastern Europe

Nguyen, Ha; Qian, Rong - 2014

conducted by the World Bank in six Eastern European countries during the 2008-2009 financial crisis, the paper shows that the …

Persistent link: https://www.econbiz.de/10012560757

The Social Impact of Financial Crises : Evidence from the Global Financial Crisis

Otker-Robe, Inci; Podpiera, Anca Maria - 2014

economic effects. The financial crisis that hit the world economy in 2008-2009 has transformed the lives of many individuals … financial system continue around the world, the challenge for policy makers is to incorporate the lessons from the failures to …

Persistent link: https://www.econbiz.de/10012560810

Gross Inflows Gone Wild : Gross Capital Inflows, Credit Booms and Crises

Calderón, César A.; Kubota, Megumi - 2013

The main goal of the paper is to examine whether surges in private capital inflows lead to credit booms. The authors built a quarterly database on gross capital inflows, credit to the private sector, and other macro-financial indicators for a sample of 71 countries from 1975q1 to 2010q4....

Persistent link: https://www.econbiz.de/10012557142

Bank Regulation and Supervision around the World : A Crisis Update

??ih??k, Martin; Demirg????-Kunt, Asl??; Per??a, Mar??a … - 2013

This paper presents the latest update of the World Bank Bank Regulation and Supervision Survey, and explores two …

Persistent link: https://www.econbiz.de/10012557954