Showing 1 - 10 of 1,047
-borrower countrydata and controlling for credit demand, we show that reductions largely varied in line with markets’ prior assessments of … direct cross-border loans differ from those for local affiliates’ lending, especially for impaired banking systems. Home …
Persistent link: https://www.econbiz.de/10011142104
This paper empirically analyzes the effects of a banking crisis on bank credit to the private sector for a panel of … developing, developed, and transition economies for the period 1970-1998. The model illustrates how the behavior of the bank … credit function changes during a banking crisis, reflecting a generalized disruption in the stability of behavioral …
Persistent link: https://www.econbiz.de/10005826645
We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial … recent crisis. We develop an identification strategy that uses the financial crisis as a shock to credit supply and exploits … interventions aimed at alleviating the bank capital crunch. We find that the growth of firms dependent on external financing is …
Persistent link: https://www.econbiz.de/10008876580
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt … price the short-term recessionary effects in loans but large consolidations can reduce or undo the increase in spreads …
Persistent link: https://www.econbiz.de/10011242277
year. In addition, the first $5,000 of interest income on deposits made with any savings bank or on fixed deposit accounts … with any bank in the Solomon Islands are excluded from chargeable income. …
Persistent link: https://www.econbiz.de/10011242614
This paper discusses key findings of the Third and Fourth Reviews Under the Stand-By Arrangement (SBA) for Iraq. Economic growth in 2006 was below target because oil production did not increase as projected. This reflected lower-than-planned investment and the lack of security. Inflation...
Persistent link: https://www.econbiz.de/10011243284
This 2007 Article IV Consultation highlights that Iraq’s economic growth has been slower than expected at the time of the last Article IV Consultation, mainly because the expected expansion of oil production has not materialized. Following a decline in oil production and real GDP in 2005,...
Persistent link: https://www.econbiz.de/10011244453
The staff report for Rwanda’s combined 2008 Article IV Consultation, Fifth Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criterion is examined. Sound macroeconomic and structural policies...
Persistent link: https://www.econbiz.de/10011244841
This 2006 Article IV Consultation highlights that Malawi is at a critical juncture following its progress on macroeconomic stability, attainment of the Heavily Indebted Poor Countries (HIPC) completion point in August 2006, and the recent launch of the Malawi Growth and Development Strategy,...
Persistent link: https://www.econbiz.de/10011245400
the GSEs. We find that judicial requirements reduce the supply of credit only for jumbo loans that are ineligible for GSE … guarantees. These laws do not affect, however, the relative demand of jumbo loans. Our findings, which also hold using novel … nonbinary measures of judicial requirements, illustrate the consequences of foreclosure laws on the supply of mortgage credit …
Persistent link: https://www.econbiz.de/10011142095