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Lessons and Policy Implications From the Global Financial Crisis
Claessens, Stijn; Laeven, Luc; Igan, Deniz; … - International Monetary Fund (IMF) - 2010
The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial...
Persistent link: https://www.econbiz.de/10008519478
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Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences
International Monetary Fund (IMF); International … - 2011
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
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How Do Business and Financial Cycles Interact?
Terrones, Marco; Kose, M. Ayhan; Claessens, Stijn - International Monetary Fund (IMF) - 2011
linkages between different phases of business and financial cycles. In particular, recessions associated with financial … disruption episodes, notably house price busts, tend to be longer and deeper than other recessions. Conversely, recoveries … associated with rapid growth in credit and house prices tend to be stronger. These findings emphasize the importance of …
Persistent link: https://www.econbiz.de/10009019595
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Overview of the Great Recession in the Chippewa Valley, Wisconsin and the US
Block, Sam; Christensen, Drew; Ross, April; Wieseman, … - 2010
Color poster with text, images, and graphs.
Persistent link: https://www.econbiz.de/10009460833
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Liberalization, Prudential Supervision, and Capital Requirements; The Policy Trade-Offs
Ribakova, Elina - International Monetary Fund (IMF) - 2005
While deregulated financial markets and strong competition are commonly viewed as prerequisites for successful economic development, recent empirical evidence suggests that financial liberalization, if not well phased, can lead to costly financial crises. This paper focuses on the roles of...
Persistent link: https://www.econbiz.de/10005599275
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United States; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper summarizes estimates of the gap between current housing prices and their equilibrium levels in the United States. It examines short-term dynamics of price adjustment. Reflecting uncertainties about how to analyze underlying housing price trends, two approaches are used...
Persistent link: https://www.econbiz.de/10011245114
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The Global Financial Crisis, credit crunches and deleveraging
Keen, Steve - 2009
The proposition that the Global Financial Crisis was inherently unpredictable is a recurrent theme amongst those charged with preventing such events. It is also a convenient untruth. A Netherlands academic did a rather better survey of the literature than Governor Stevens, to identify 12...
Persistent link: https://www.econbiz.de/10009482087
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Near-Coincident Indicators of Systemic Stress
Arsov, Ivailo; Canetti, Elie; Kodres, Laura E.; Mitra, … - International Monetary Fund (IMF) - 2013
The G-20 Data Gaps Initiative has called for the IMF to develop standard measures of tail risk, which we identify in this paper with systemic risk. To understand the conditions under which tail risk is present, it is first necessary to develop a measure of what constitutes a systemic stress, or...
Persistent link: https://www.econbiz.de/10010790432
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Italian Sovereign Spreads; Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions
Zoli, Edda - International Monetary Fund (IMF) - 2013
and higher nonperforming loans were found to be more sensitive to swings in sovereign spreads. Credit supply constraints …, while in 2012 weak demand appears to have been driving changes in credit more than supply. …
Persistent link: https://www.econbiz.de/10011242184
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The Perimeter of Financial Regulation
Zanforlin, L.; Tower, Ian; Nier, Erlend; Moore, Michael; … - International Monetary Fund (IMF) - 2009
Persistent link: https://www.econbiz.de/10010790465