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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
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The Benefits and Costs of Intervening in Banking Crises
Frydl, Edward J.; Quintyn, Marc - International Monetary Fund (IMF) - 2000
rate on assets financed by bank loans. …
Persistent link: https://www.econbiz.de/10005826210
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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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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 commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of...
Persistent link: https://www.econbiz.de/10008560451
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The Role of the Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control
International Monetary Fund (IMF); International … - 1996
This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement … because the initial cost of bank restructuring can be offset, partly, through the budgetary effects of improved enterprise …
Persistent link: https://www.econbiz.de/10005599244
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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 resolution policies for 42 crisis episodes, and...
Persistent link: https://www.econbiz.de/10005599378
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Crisis Management and Resolution; Early Lessons from the Financial Crisis
Pazarbasioglu, Ceyla; Laeven, Luc; Nedelescu, Oana M.; … - International Monetary Fund (IMF) - 2011
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245897
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Bailouts and Systemic Insurance
Dell'Ariccia, Giovanni; Ratnovski, Lev - International Monetary Fund (IMF) - 2013
We revisit the link between bailouts and bank risk taking. The expectation of government support to failing banks … creates moral hazard—increases bank risk taking. However, when a bank’s success depends on both its effort and the overall … invest prudently and so reduce bank risk taking. This systemic insurance effect will be relatively more important when …
Persistent link: https://www.econbiz.de/10010790390
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A Simple Macroprudential Liquidity Buffer
Hardy, Daniel C.; Hochreiter, Philipp - International Monetary Fund (IMF) - 2014
A mechanism is proposed that aims to reduce the risk of a banking sector liquidity crisis—which is a quintessentially systemic event and thus the object of macroprudential policy—and moderate the effects of a crisis should one occur. The instrument would give banks more incentive...
Persistent link: https://www.econbiz.de/10011123840
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Financial Crises Explanations, Types, and Implications
Claessens, Stijn; Kose, M. Ayhan - International Monetary Fund (IMF) - 2013
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper...
Persistent link: https://www.econbiz.de/10011123845