Similar Search Results

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 Valuation Effects of Geographic Diversification; Evidence From U.S. Banks

Laeven, Luc; Goetz, Martin R.; Levine, Ross - International Monetary Fund (IMF) - 2012

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...

Persistent link: https://www.econbiz.de/10009654142

The Use of Blanket Guarantees in Banking Crises

Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2008

In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often … restructuring programs and may increase moral hazard going forward. Using a sample of 42 episodes of banking crises, this paper …

Persistent link: https://www.econbiz.de/10005826542

Bank Efficiency and Market Structure; What Determines Banking Spreads in Armenia?

Floerkemeier, Holger; Dabla-Norris, Era - International Monetary Fund (IMF) - 2007

Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic … potential to increase cost efficiency and competition in the banking system. …

Persistent link: https://www.econbiz.de/10005768878

Systemic Banking Crises; A New Database

Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2008

This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The … database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and …. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the …

Persistent link: https://www.econbiz.de/10005599378

An Analysis of the Underground Economy and its Macroeconomic Consequences

Dabla-Norris, Era; Feltenstein, Andrew - International Monetary Fund (IMF) - 2003

This paper develops a dynamic computable general equilibrium model in which optimizing agents evade taxes by operating in the underground economy. The cost to firms of evading taxes is that they find themselves subject to credit rationing from banks. Our model simulations show that in the...

Persistent link: https://www.econbiz.de/10005604873

Informality and Bank Credit; Evidence From Firm-Level Data

Koeda, Junko; Dabla-Norris, Era - International Monetary Fund (IMF) - 2008

The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs...

Persistent link: https://www.econbiz.de/10005605232

Systemic Banking Crises Database: An Update

Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2012

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent … banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy …

Persistent link: https://www.econbiz.de/10010790233

Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe

Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - International Monetary Fund (IMF) - 2013

This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...

Persistent link: https://www.econbiz.de/10010790428

Principles of Household Debt Restructuring

Laryea, Thomas; Laeven, Luc - International Monetary Fund (IMF) - 2009

Persistent link: https://www.econbiz.de/10010790464