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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

Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies

Pazarbasioglu, Ceyla; Johnsen, Gudrun; Hilbers, Paul … - International Monetary Fund (IMF) - 2005

This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for...

Persistent link: https://www.econbiz.de/10005263910

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

Accounting Discretion of Banks During a Financial Crisis

Laeven, Luc; Huizinga, Harry - International Monetary Fund (IMF) - 2009

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to...

Persistent link: https://www.econbiz.de/10008559265

Resolution of Banking Crises; The Good, the Bad, and the Ugly

Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2010

This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many …

Persistent link: https://www.econbiz.de/10008560451

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

Mapping Financial Sector Vulnerability in a Non-Crisis Country

Ötker, Inci; Downes, Patrick; Marston, David - International Monetary Fund (IMF) - 1999

The forward-looking framework expounded in this paper links a qualitative evaluation of system-wide vulnerability (covering macro, sectoral, institutional, and systemic liquidity issues) with a quantitative assessment of the financial condition of significant financial institutions. Based on...

Persistent link: https://www.econbiz.de/10005771354

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

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

Regional Financial Interlinkages and Financial Contagion within Europe

Ötker, Inci; Driessen, Karl; Ãrvai, Zsófia - International Monetary Fund (IMF) - 2009

This paper focuses on financial interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth; analyzes potential channels of contagion through financial linkages; and...

Persistent link: https://www.econbiz.de/10005605111