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Do Financial Sector Reforms Lead to Financial Development? Evidence From a New Dataset
Tressel, Thierry; Detragiache, Enrica - International Monetary Fund (IMF) - 2008
This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have resulted in deeper credit markets. To measure banking sectorreforms we use a new index that tracks policy changes in five separate areas for 91 countriesover 1973-2005. We find...
Persistent link: https://www.econbiz.de/10005264064
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A New Database of Financial Reforms
Detragiache, Enrica; Abiad, Abdul; Tressel, Thierry - International Monetary Fund (IMF) - 2008
content of the database, the information sources utilized, and the coding rules used to create an index of financial reform …. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and … discusses some possible applications. The database provides a multi-faceted measure of reform, covering seven aspects of …
Persistent link: https://www.econbiz.de/10005604989
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Mother, Can I Trust the Government? Sustained Financial Deepening; A Political Institutionsview
Quintyn, Marc; Verdier, Geneviève - International Monetary Fund (IMF) - 2010
liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most …
Persistent link: https://www.econbiz.de/10008671297
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What Drives the Performance of Selected Mena Banks? A+L4624 Meta-Frontier Analysis
Naceur, Sami Ben; Casu, Barbara; Ben-Khedhiri, Hichem - International Monetary Fund (IMF) - 2011
This study examines the effect of financial-sector reform on bank performance in selected Middle Eastern and North …
Persistent link: https://www.econbiz.de/10008839359
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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
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The Bright and the Dark Side of Cross-Border Banking Linkages
Muñoz, Sònia; Scuzzarella, Ryan; Cihák, Martin - International Monetary Fund (IMF) - 2011
When a country's banking system becomes more linked to the global banking network, does that system get more or less prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M-shaped relationship between financial stability of a...
Persistent link: https://www.econbiz.de/10009203546
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Banking in Sub-Saharan Africa; What Went Wrong?
Gall, Françoise Le; Daumont, Roland; Leroux, François - International Monetary Fund (IMF) - 2004
The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience of ten countries during the period 1985-95. It examines, in particular, which factors were the most important sources of these crises. The conclusions underscore that the...
Persistent link: https://www.econbiz.de/10005769085
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Liberalization, Prudential Supervision, and Capital Requirements; The Policy Trade-Offs
Ribakova, Elina - International Monetary Fund (IMF) - 2005
development, recent empirical evidence suggests that financial liberalization, if not well phased, can lead to costly financial … stability during financial liberalization. The paper extends the Hellmann, Murdock, and Stiglitz model to analyze the effects of …
Persistent link: https://www.econbiz.de/10005599275
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Fiscal Policy for the Crisis
Spilimbergo, Antonio; Symansky, Steven A.; Cottarelli, Carlo - International Monetary Fund (IMF) - 2009
The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given...
Persistent link: https://www.econbiz.de/10010790473
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Intertwined Sovereign and Bank Solvencies in a Model of Self-Fulfilling Crisis
Adler, Gustavo - International Monetary Fund (IMF) - 2012
Large fiscal financing needs, both in advanced and emerging market economies, have often been met by borrowing heavily from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure to sovereign risk created a fragile inter-dependence...
Persistent link: https://www.econbiz.de/10010878417