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Determinants of Deposit-Insurance Adoption and Design

Demirg????-Kunt, Asli; Kane, Edward J.; Laeven, Luc - 2012

The authors seek to identify factors that influence decisions about a country's financial safety net, using a new dataset on 170 countries covering the 1960-2003 period. Specifically, they focus on how outside influences, economic development, crisis pressures, and political institutions affect...

Persistent link: https://www.econbiz.de/10012553674

Resolution of Failed Banks by Deposit Insurers : Cross-Country Evidence

Beck, Thorsten; Laeven, Luc - 2012

There is a wide cross-country variation in the institutional structure of bank failure resolution, including the role of the deposit insurer. The authors use quantitative analysis for 57 countries and discuss specific country cases to illustrate this variation. Using data for over 1,700 banks...

Persistent link: https://www.econbiz.de/10012553743

Finance, Firm Size, and Growth

Beck, Thorsten; Demirguc-Kunt, Asli; Laeven, Luc - 2012

The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...

Persistent link: https://www.econbiz.de/10012553939

Financial Dependence, Banking Sector Competition, and Economic Growth

Claessens, Stijn; Laeven, Luc - 2012

The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper the authors first estimate for 16 countries a measure...

Persistent link: https://www.econbiz.de/10012553941

Deposit Insurance around the World : A Comprehensive Database

Demirg????-Kunt, Asli; Karacaovali, Baybars; Laeven, Luc - 2012

This paper updates the Demirguç-Kunt and Sobaci (2001) cross-country deposit insurance database and extends it in several important dimensions. This new data set identifies both recent adopters and the ones that were not covered earlier due to a lack of data. Moreover, for the first time, it...

Persistent link: https://www.econbiz.de/10012554079

Governance and Bank Valuation

Caprio, Gerard; Laeven, Luc; Levine, Ross - 2013

Which public policies and ownership structures enhance the governance of banks? The authors construct a new database on the ownership of banks internationally and then assess the ramifications of ownership, shareholder protection laws, and supervisory and regulatory policies on bank valuations....

Persistent link: https://www.econbiz.de/10012559710

Resolving Systemic Financial Crisis : Policies and Institutions

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

not, however, accelerate the recovery from a crisis. Better institutions less corruption, improved law and order, legal …

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

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012479322

On the Global Impact of Risk-off Shocks and Policy-put Frameworks

Caballero, Ricardo J. - 2019

Global risk-off shocks can be highly destabilizing for financial markets and, absent an adequate policy response, may trigger severe recessions. Policy responses were more complex for developed economies with very low interest rates after the Global Financial Crisis (GFC). We document, however,...

Persistent link: https://www.econbiz.de/10012479979

The "Other" Imbalance and the Financial Crisis

Caballero, Ricardo J. - 2010

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments …

Persistent link: https://www.econbiz.de/10012463014