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The Bank Lending Channel of Monetary Transmission; Does it Work in Turkey?

Brooks, Petya Koeva - International Monetary Fund (IMF) - 2007

on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking …

Persistent link: https://www.econbiz.de/10005248226

Did the Basel Accord Cause a Credit Slowdown in Latin America?

Cosimano, Thomas F.; Chami, Ralph; Barajas, Adolfo - International Monetary Fund (IMF) - 2005

Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for the serious slowdowns in credit growth experienced by these countries. We find...

Persistent link: https://www.econbiz.de/10005248279

Monetary Policy with a touch of Basel

Chami, Ralph; Cosimano, Thomas F. - International Monetary Fund (IMF) - 2001

The typical portrait of monetary policy has the banks and the money supply being manipulated through changes in bank reserves. However, with only a small portion of bank deposits now subject to reserve requirements, an alternative explanation of how monetary policy influences banks is needed....

Persistent link: https://www.econbiz.de/10005263662

U.S. Bank Behavior in the Wake of the 2007-2009 Financial Crisis

Hakura, Dalia; Chami, Ralph; Cosimano, Thomas F.; … - International Monetary Fund (IMF) - 2010

The paper examines the slowdown of lending by large U.S. banks over the period 2007Q3 - 2009Q2, focusing on: (i) whether capital or liquidity was the binding constraint; (ii) factors influencing banksâ€™ decision to hold capital; and (iii) their pricing behavior. Using quarterly data for...

Persistent link: https://www.econbiz.de/10008560439

Whatâ€™S the Damage? Medium-Term Output Dynamics After Banking Crises

Abiad, Abdul; Brooks, Petya Koeva; Tytell, Irina; … - International Monetary Fund (IMF) - 2009

This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and … post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with … associated with medium-run output losses include the short-run change in output, the occurrence of a joint banking …

Persistent link: https://www.econbiz.de/10008540924

Modeling with Macro-Financial Linkages; Credit and Policy Shocks in Emerging Markets

Benes, Jaromir; Ötker, Inci; Vávra, David - International Monetary Fund (IMF) - 2009

This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...

Persistent link: https://www.econbiz.de/10008528675

The Performance of Indian Banks During Financial Liberalization

Brooks, Petya Koeva - International Monetary Fund (IMF) - 2003

This paper provides new empirical evidence on the impact of financial liberalization on the performance of Indian commercial banks. The analysis focuses on examining the behavior and determinants of bank intermediation costs and profitability during the liberalization period. The empirical...

Persistent link: https://www.econbiz.de/10005599475

Risky Bank Lending and Optimal Capital Adequacy Regulation

Benes, Jaromir; Kumhof, Michael - International Monetary Fund (IMF) - 2011

We study the welfare properties of a New Keynesian monetary economy with an essential role for risky bank lending. Banks lend funds deposited by households to a financial accelerator sector, and face penalties for maintaining insufficient net worth. The loan contract specifies an unconditional...

Persistent link: https://www.econbiz.de/10009151234

Recent Credit Stagnation in the Mena Region; What to Expect? What Can Be Done?

Chami, Ralph; Espinoza, Raphael A.; Barajas, Adolfo; … - International Monetary Fund (IMF) - 2010

This paper examines the recent credit slowdown among Middle Eastern and North African (MENA) countries from three analytical angles. First, it finds that, similar to other regions and to its past history, a credit boom preceded the current slowdown, and that a protracted period of sluggish...

Persistent link: https://www.econbiz.de/10008671284

Evaluating the Net Benefits of Macroprudential Policy; A Cookbook

Arregui, Nicolas; Benes, Jaromir; Krznar, Ivo; Mitra, … - International Monetary Fund (IMF) - 2013

The paper proposes a simple, new, analytical framework for assessing the cost and benefits of macroprudential policies. It proposes a measure of net benefits in terms of parameters that can be estimated: the probability of crisis, the loss in output given crisis, policy effectiveness in bringing...

Persistent link: https://www.econbiz.de/10011242344