Showing 1 - 10 of 150
basic approaches adopted by the Asian countries affected by financial crises in 1997–1998 to bank and corporate …
Persistent link: https://www.econbiz.de/10011134347
basic approaches adopted by the Asian countries affected by financial crises in 1997–1998 to bank and corporate …
Persistent link: https://www.econbiz.de/10011134390
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10009363798
The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of the approach taken so far to crisis prevention. The paper argues that financial crises can be prevented, as they build up over time due to policy mistakes and eventually erupt...
Persistent link: https://www.econbiz.de/10009363819
India has an elaborate system of capital controls which impede cap- ital mobility and particularly short-term debt. Yet, when the global money market fell into turmoil after the bankruptcy of Lehman Broth- ers on 13/14 September 2008, the Indian money market immediately experienced considerable...
Persistent link: https://www.econbiz.de/10009363877
mainly on the substitution of bank loans for trade credit during monetary tightening among many firms, but in this paper we … Japan when the banking sector was healthy, but broke down during the banking crisis. More precisely, both bank loans and … trade credit contracted simultaneously during the crisis. Deteriorated bank health might have been primarily responsible for …
Persistent link: https://www.econbiz.de/10009363880
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653160
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653204
lending beyond very short maturities virtually evaporated. Despite massive central bank support operations and purchases of … past major bank failures and why has it proved so hard to cure? This paper suggests that much of that answer lies in the … bank that operates in many currencies and then discusses how the massive development of foreign exchange (forex) and …
Persistent link: https://www.econbiz.de/10009653205
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10009653225