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Monetary Policy and Bank Risk-Taking
Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2010
view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central …
Persistent link: https://www.econbiz.de/10011123889
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Bank Leverage and Monetary Policy's Risk-Taking Channel; Evidence from the United States
Dell'Ariccia, Giovanni; Laeven, Luc; Suarez, Gustavo - International Monetary Fund (IMF) - 2013
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data …’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank …
Persistent link: https://www.econbiz.de/10011242177
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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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Central Bank Involvement in Banking Crises in Latin America
Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2008
This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring...
Persistent link: https://www.econbiz.de/10005264086
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Bank Funding Structures and Risk; Evidence From the Global Financial Crisis
Federico, Pablo; Vázquez, Francisco F. - International Monetary Fund (IMF) - 2012
-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross …-section, the smaller domestically-oriented banks were relatively more vulnerable to liquidity risk, while the large cross …-border banks were more susceptible to solvency risk due to excessive leverage. The results support the proposed Basel III …
Persistent link: https://www.econbiz.de/10009650626
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Managing Non-Core Liabilities and Leverage of the Banking System; A Building Block for Macroprudential Policy Making in Korea
Alichi, Ali; Hong, Cheol; Ryoo, Sang Chul - International Monetary Fund (IMF) - 2012
Korea has been active in implementing targeted macroprudential policies to address specific financial stability concerns. In this paper, we develop a conceptual model that could serve as a building block for the broader framework of macroprudential policy making in Korea. It is assumed that the...
Persistent link: https://www.econbiz.de/10009650641
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Systemic Risks in Global Banking; What Available Data Can Tell Us and What More Data Are Needed?
Cerutti, Eugenio; McGuire, Patrick M.; Claessens, Stijn - International Monetary Fund (IMF) - 2011
asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk …
Persistent link: https://www.econbiz.de/10009327867
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Government Involvement in Corporate Debt Restructuring; Case Studies From the Great Recession
Grigorian, David A.; Raei, Faezeh - International Monetary Fund (IMF) - 2010
The paper examines recent episodes of government involvement in corporate debt restructurings. It argues that corporate debt restructuring is an important step toward recovery from a financial crisis. We then discuss the rationale for, and modalities of, the state intervention in corporate debt...
Persistent link: https://www.econbiz.de/10008727803
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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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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
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