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Policies for Macrofinancial Stability; How to Deal with Credit Booms

Bakker, Bas B.; Dell'Ariccia, Giovanni; Laeven, Luc; … - International Monetary Fund (IMF) - 2012

This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms, drawing upon several country experiences and the findings from econometric analysis.

Persistent link: https://www.econbiz.de/10011245891

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

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

Are Weak Banks Leading Credit Booms? Evidence From Emerging Europe

Igan, Deniz; Tamirisa, Natalia T. - International Monetary Fund (IMF) - 2008

This paper examines the behavior of bank soundness indicators during episodes of brisk loan growth, using bank-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence is found that rapid loan expansion has weakened banks...

Persistent link: https://www.econbiz.de/10005599420

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

Bank Lending in Turkey; Effects of Monetary and Fiscal Policies

Aydin, Burcu; Igan, Deniz - International Monetary Fund (IMF) - 2010

a retail-banking focus when fiscal policies are prudent.The results are statistically weak, suggesting that bank lending …

Persistent link: https://www.econbiz.de/10008680275

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

Credit Growth and Bank Soundness; Fast and Furious?

Igan, Deniz; Pinheiro, Marcelo - International Monetary Fund (IMF) - 2011

We examine the risks to bank soundness associated with credit booms in a large set of countries. Using bank-level data in 90 countries between 1995 and 2005, we analyze the relationship between credit growth and bank soundness taking into account the potential two-way causality. We find that,...

Persistent link: https://www.econbiz.de/10009370547