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IMF-Supported Programs: Stimulating Capital to Solvent Countries

Veer, Koen van der; Jong, Eelke de - de Nederlandsche Bank - 2010

resuming lending, even when the IMF intervenes. As long as default is avoided, IMF programs help a country signal its … Fund catalysis, than the size of IMF lending. …Sovereign default is the switching state between successful and unsuccessful Fund catalysis. We find the IMF to be …

Persistent link: https://www.econbiz.de/10008475755

Early warning for currency crises: what is the role of financial openness?

Frost, Jon; Saiki, Ayako - de Nederlandsche Bank - 2013

We explore the role of financial openness - capital account openness and gross capital inflows - and a newly constructed gravity-based contagion index to assess the importance of these factors in the run-up to currency crises. Using a quarterly data set of 46 advanced and emerging market...

Persistent link: https://www.econbiz.de/10010757284

Requirements for successful currency regimes: the Dutch and Thai experiences

Berben, Robert-Paul; Berk, Jan Marc - de Nederlandsche Bank - 2002

This paper is part of the Kobe Research Project and documents the Dutch and Thai experiences regarding exchange rate policy, capital controls, and developments in the banking sector. In view of these experiences, it seeks to identify requirements for successful currency regimes, in particular...

Persistent link: https://www.econbiz.de/10005101913

Banking Sector Strenght and the Transmission of Currency Crises

Bruinshoofd, Allard; Candelon, Bertrand; Raabe, Katharina - de Nederlandsche Bank - 2005

We show that, complementary to trade and financial linkages, the strength of the banking sector helps explain the transmission of currency crises. Specifically, we demonstrate that the Mexican, Thai, and Russian crises predominantly spread to countries with weaknesses in their banking sectors....

Persistent link: https://www.econbiz.de/10005101825

Financial Globalization and Monetary Policy

Wagner, Helmut; Berger, Wolfram - de Nederlandsche Bank - 2003

Recently, it has often been argued that globalization eases the job of central banks as it helps to tame inflation. This is used to argue that central banks (particularly the ECB, referring to the objectives as laid down in the EU-Treaty) could or should reduce their efforts in the fight against...

Persistent link: https://www.econbiz.de/10005106786

The financial benefits of the IMF

Bakker, Age; Schrijvers, Martijn - de Nederlandsche Bank - 2000

The IMF provides loans to countries in financial distress at a relatively low interest rate. In this article we … calculate how much the seven largest debtors to the IMF have saved on interest payments during the Asian crisis and its … aftermath. We explain how the IMF can charge these low interest rates and at what cost for creditor countries. The …

Persistent link: https://www.econbiz.de/10005106758

Cyclical Patterns in Profits, Provisioning and Lending of Banks

Bikker, J.A.; Hu, H. - de Nederlandsche Bank - 2003

procyclicality. Lending fluctuates with the business cycle too, but appears to be driven by demand rather than by supply factors such …

Persistent link: https://www.econbiz.de/10005021893

Liquidity Regulation, Funding Costs and Corporate Lending

Bonner, Clemens - de Nederlandsche Bank - 2012

banks' funding costs and corporate lending rates. Using a dataset of 26 Dutch banks from January 2008 to December 2011, I … corporate lending. This effect is caused by banks being not able to pass on their increased funding costs in the interbank … to have a major impact on corporate lending rates. …

Persistent link: https://www.econbiz.de/10010757277

Cyclical patterns in profits provisioning and lending of banks and procyclicality of the new basel capital requirements

Bikker, J.A.; Hu, Haixia - de Nederlandsche Bank - 2001

. Lending fluctuates with the business cycle, too, but appears to be driven by demand rather than by supply factors such as …

Persistent link: https://www.econbiz.de/10005101936

Bank provisioning behaviour and procyclicality

Bikker, J.A.; Metzemakers, P.A.J. - de Nederlandsche Bank - 2002

The current debate on the possible procyclicality of the new Basel Accord pays little attention to the procyclicality created by unsound loan loss provisioning. This paper investigates how bank provisioning behaviour is related to the business cycle, using 8,000 bank-year observations from 29...

Persistent link: https://www.econbiz.de/10005030251