Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10002506220
In this paper, we examine the IMF''s role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially...
Persistent link: https://www.econbiz.de/10014404030
Persistent link: https://www.econbiz.de/10003920397
This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks’ assets and liabilities, including during the recent...
Persistent link: https://www.econbiz.de/10012667446
This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with no rebound to the precrisis trend. However, growth...
Persistent link: https://www.econbiz.de/10014402232
We analyze trade dynamics following past episodes of financial crises. Using an augmented gravity model and 179 crisis episodes from 1970-2009, we find that there is a sharp decline in a country’s imports in the year following a crisis-19 percent, on average-and this decline is persistent,...
Persistent link: https://www.econbiz.de/10014403222