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Financial Globalization and the Governance of Domestic Financial Intermediaries

Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007

We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows...

Persistent link: https://www.econbiz.de/10005248244

Do Financial Sector Reforms Lead to Financial Development? Evidence From a New Dataset

Tressel, Thierry; Detragiache, Enrica - International Monetary Fund (IMF) - 2008

resulted in deeper credit markets. To measure banking sectorreforms we use a new index that tracks policy changes in five … significantly influencethe effect of banking reforms on financial development. …

Persistent link: https://www.econbiz.de/10005264064

Finance in Lower Income Countries; An Empirical Exploration

Gupta, Poonam; Tressel, Thierry; Detragiache, Enrica - International Monetary Fund (IMF) - 2005

This paper considers how a comprehensive set of factors relates to financial sector performance in low-income countries (LICs). It finds that corruption and inflation are associated with a shallower and less efficient financial system, while legal origin and characteristics of the supervisory...

Persistent link: https://www.econbiz.de/10005599451

Bankingon the Principles; Compliance with Basel Core Principles and Bank Soundness

Detragiache, Enrica; Tressel, Thierry; Demirgüç-Kunt, Asli - International Monetary Fund (IMF) - 2006

This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCPs) improves … upgrade banking regulation and supervision should consider giving priority to information provision over other elements of the …

Persistent link: https://www.econbiz.de/10005599553

A New Database of Financial Reforms

Detragiache, Enrica; Abiad, Abdul; Tressel, Thierry - International Monetary Fund (IMF) - 2008

This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of...

Persistent link: https://www.econbiz.de/10005604989

Financial Contagion Through Bank Deleveraging; Stylized Facts and Simulations Applied to the Financial Crisis

Tressel, Thierry - International Monetary Fund (IMF) - 2010

paper first presents stylized facts of international banking activities during the crisis. It then describes a simple model … liabilities of banks, a global deleveraging of international banking activities can occur. Simple simulations are presented to …€™ banking systems during the financial crisis to calibrate the shock. The outcome of the simulations is compared with the …

Persistent link: https://www.econbiz.de/10008727816