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Persistent link: https://www.econbiz.de/10005824821
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon …
Persistent link: https://www.econbiz.de/10005825773
A banking system module is incorporated into the Central Bank of Barbados's multisectoral macroeconomic forecasting … model, and a medium-term forecast is generated for bank capitalization, profitability, liquidity and nonperforming loans …
Persistent link: https://www.econbiz.de/10005825818
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...
Persistent link: https://www.econbiz.de/10005825950
This study presents a theory of financial infrastructure - or the set of rules, institutions, and systems within which agents carry out financial transactions. It investigates the effects of financial infrastructure development on financial architecture and real capital accumulation, taking into...
Persistent link: https://www.econbiz.de/10005826055
the real economy. The study also runs an empirical exercise to estimate the costs of bank narrowness and draws policy …
Persistent link: https://www.econbiz.de/10005826230
This study investigates the relationship between production efficiency in financial intermediation and financial system size. The study predicts and tests for the existence of "systemic scale economies" (SSEs), whereby value-maximizing intermediaries operating in large systems are expected to...
Persistent link: https://www.econbiz.de/10005826361
This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the …, changes in bank balance sheets are examined to determine whether the credit slowdown is merely a reflection of a slowdown in … bank deposits, or whether the asset side has changed. Third, following an econometric disequilibrium approach used in …
Persistent link: https://www.econbiz.de/10005826373
opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket … guarantees can prevent bank runs if they are credible. However, guarantee could add substantial fiscal costs to bank …
Persistent link: https://www.econbiz.de/10005826542