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 Accountability of Financial Sector Supervisors; Principles and Practice

Taylor, Michael; Quintyn, Marc; Hüpkes, Eva H. G. - International Monetary Fund (IMF) - 2005

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a...

Persistent link: https://www.econbiz.de/10005825809

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

The Fear of Freedom; Politicians and the Independence and Accountability of Financial Sector Supervisors

Taylor, Michael; Quintyn, Marc; Ramirez, Silvia - International Monetary Fund (IMF) - 2007

Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of 32 countries that overhauled their legal and/or institutional frameworks for...

Persistent link: https://www.econbiz.de/10005768825

The New Capital Adequacy Framework; Institutional Constraints and Incentive Structures

Karacadag, Cem; Taylor, Michael - International Monetary Fund (IMF) - 2000

This paper considers the implementation challenges facing the Basel Committee’s new proposals on bank capital standards. When compared with the existing Capital Accord, the proposals represent a shift across two intersecting dimensions—regulatory versus economic capital, and rules-based...

Persistent link: https://www.econbiz.de/10005768910

The Design and Implementation of Deposit Insurance Systems

Hoelscher, David S.; Taylor, Michael; Klueh, Ulrich H. - International Monetary Fund (IMF) - 2006

This paper describes recently established deposit insurance systems, identifying emerging trends. In line with previous IMF work on the subject, it argues against the development of "best practices" applicable to all systems. Rather, it stresses the importance of incorporating each...

Persistent link: https://www.econbiz.de/10005590854

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

Issues in the Unification of Financial Sector Supervision

Abrams, Richard K.; Taylor, Michael - International Monetary Fund (IMF) - 2000

The paper considers the generic arguments for and against the creation of a unified regulatory agency, covering each of the main types of financial institutions (banks, insurers and securities firms). The strongest arguments for unification are the enhanced oversight of financial conglomerates...

Persistent link: https://www.econbiz.de/10005599474

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