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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 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

Monetary Policy, Bank Leverage, and Financial Stability

Valencia, Fabian - International Monetary Fund (IMF) - 2011

This paper develops a model to assess how monetary policy rates affect bank risk-taking. In the model, a reduction in the risk-free rate increases lending profitability by reducing funding costs and increasing the surplus the monopolistic bank extracts from borrowers. Under limited liability,...

Persistent link: https://www.econbiz.de/10009369452

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

Banks' Precautionary Capital and Credit Crunches

Valencia, Fabian - International Monetary Fund (IMF) - 2008

Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be …

Persistent link: https://www.econbiz.de/10005769120

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

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

Principles of Household Debt Restructuring

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

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