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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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Managing the Real and Fiscal Effects of Banking Crises
Klingbiel, Daniela; Laeven, Luc - 2013
The study provides two recent analyses, spurred by the recent East Asian crisis, of government responses to financial distress, and, also presents a comprehensive database on systemic, and borderline banking crises. In the first chapter, the authors review the tradeoffs involved in public...
Persistent link: https://www.econbiz.de/10012563624
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Bank Valuation and Regulatory Forbearance During a Financial Crisis
Huizinga, Harry - 2010
This paper shows that banks overstate the value of distressed assets and their regulatory capital during the U.S. mortgage crisis. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets. Banks with large exposure to mortgage-backed securities also...
Persistent link: https://www.econbiz.de/10013152236
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Resolution of Banking Crises : The Good, the Bad, and the Ugly
Laeven, Luc - 2010
This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of...
Persistent link: https://www.econbiz.de/10013141633
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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 of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10012553941
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Financial Dependence, Banking Sector Competition, and Economic Growth
Claessens, Stijn; Laeven, Luc - 2005
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 … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10014067598