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Post-Crisis Bank Behavior; Lessons From Mercosur

International Monetary Fund (IMF); International … - 2010

Did the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the Mercosur region. To our knowledge, this is the first...

Persistent link: https://www.econbiz.de/10008561078

Policies for Macrofinancial Stability; How to Deal with Credit Booms

Bakker, Bas B.; Dell'Ariccia, Giovanni; Laeven, Luc; … - International Monetary Fund (IMF) - 2012

This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms, drawing upon several country experiences and the findings from econometric analysis.

Persistent link: https://www.econbiz.de/10011245891

Finance Access of SMEs: What Role for the ECB?*

Belke, Ansgar; Verheyen, Florian - ROME Network - 2013

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

Persistent link: https://www.econbiz.de/10010732498

Doomsday for the Euro Area: Causes, Variants and Consequences of Breakup

Belke, Ansgar; Verheyen, Florian - In: International Journal of Financial Studies 1 (2012) 1, pp. 1-15

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

Persistent link: https://www.econbiz.de/10010675910

Eurokrise: Sollten flexible Wechselkurse innerhalb bestimmter Bandbreiten zwischen den Euroländern möglich sein?

Jordan, Helmuth; Mayer, Thomas - In: Ifo Schnelldienst 68 (2015) 06, pp. 03-08

Kann der Euro auf Dauer nur überleben, wenn in einer Übergangsphase flexible Kurse zwischen den Euroländern eingeführt … Griechenlands aus den Euro. Die Rückkehr zu einer früheren Währung könnte den kaum erwünschten Eindruck erwecken, das Rad der … Geschichte werde zurückgedreht. Dies würde psychologisch die Position von Griechenland kaum verbessern. Wenn der griechische Euro …

Persistent link: https://www.econbiz.de/10011213981

Managing Systemic Liquidity Risk in Financially Dollarized Economies

Yeyati, Eduardo Levy; Ize, Alain; Kiguel, Miguel A. - International Monetary Fund (IMF) - 2005

This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by...

Persistent link: https://www.econbiz.de/10005769200

The Global Financial Crisis and the European Integration Project

Leblond, Patrick - Centre Interuniversitaire de Recherche en Analyse des … - 2011

When the global financial crisis hit the shores of Europe, after crossing the Atlantic, the Eurozone was considered a … euro's fault. As a result, some argued that Greece and eventually other bailed-out member states should abandon the euro … up on supporting them financially, forcing them to abandon the euro anyway. Yet, no such thing has happened. The euro and …

Persistent link: https://www.econbiz.de/10009295311

Financial Crises Explanations, Types, and Implications

Claessens, Stijn; Kose, M. Ayhan - International Monetary Fund (IMF) - 2013

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper...

Persistent link: https://www.econbiz.de/10011123845

Monitoring Systemic Risk Based on Dynamic Thresholds

Lund-Jensen, Kasper - International Monetary Fund (IMF) - 2012

Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper, systemic risk is defined as the conditional probability of a systemic banking crisis and this conditional probability is modeled in a fixed effect...

Persistent link: https://www.econbiz.de/10011242269

Systemic Banking Crises Database: An Update

Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2012

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of...

Persistent link: https://www.econbiz.de/10010790233