large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …, resulting in larger cumulated output losses and a prolonged crisis particularly in the UK. Stricter enforcement of bank capital …

reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset … of bank activity and ownership with country-level data on the stock of historical crisis events between 1800 and 2005. To … different types of crises. The question of learning is also examined from the perspective of other measures of bank performance …

, which leads to excessive risk-taking. This paper examines the relation between deposit insurance and bank risk and systemic … bank risk and systemic fragility in the years leading up to the global financial crisis. However, during the crisis, bank … turbulence. In addition, the analysis finds that good bank supervision can alleviate the unintended consequences of deposit …

major sets of crises (post-World War I crisis and the Great Depression); the post-World War II financial lock-down, which …

Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central … bankruptcy. We term these factors discipline and stability effects, respectively. The central bank's welfare decreases with …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …