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Financial Crises, Poverty, and Income Distribution
International Monetary Fund (IMF); International … - 2002
. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity … incidence of poverty and income distribution, and discusses policy options that can be considered by governments in the … with an increase in poverty and, in some cases, income inequality. The provison of targeted safety nets and the protection …
Persistent link: https://www.econbiz.de/10005264050
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A Fistful of Dollars; Lobbying and the Financial Crisis
Igan, Deniz; Tressel, Thierry; Mishra, Prachi - International Monetary Fund (IMF) - 2009
Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher...
Persistent link: https://www.econbiz.de/10008561076
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Germany; Technical Note on Crisis Management Arrangements
International Monetary Fund (IMF); International … - 2011
This paper discusses Germany’s challenges and measures to strengthen crisis management arrangements. Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Bundesbank have closely coordinated with the interagency risk committee on banking matters, which also encompasses BaFin...
Persistent link: https://www.econbiz.de/10011244880
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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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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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Short-Term Wholesale Funding and Systemic Risk; A Global Covar Approach
International Monetary Fund (IMF); International … - 2012
In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex banks using the novel CoVaR approach. We find that short-term wholesale funding is a key determinant in triggering systemic risk episodes. In contrast, we find no evidence that a...
Persistent link: https://www.econbiz.de/10009654153
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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
The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk analysis is severely hampered by the lack of consistent data...
Persistent link: https://www.econbiz.de/10009327867
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Rapid Credit Growth; Boon or Boom-Bust?
Elekdag, Selim; Wu, Yiqun - International Monetary Fund (IMF) - 2011
Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms. Loose monetary policy stances seem to have contributed to the build-up of credit...
Persistent link: https://www.econbiz.de/10009369437
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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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Thailand; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper for Thailand highlights the effect of higher global interest rates on Thailand and the relationship between financial crises and long-term potential growth. Since the Asian crisis, Thailand has adopted an inflation targeting regime, and has intervened in the foreign...
Persistent link: https://www.econbiz.de/10005825163