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Systemic banking crises have placed enormous pressure on national governments to intervene. The empirical literature, however, is inconclusive on what an optimal bailout program should look like to mitigate the negative consequences of government interventions in the banking sector. We find...
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against the common view that SMEs suffered from a strong credit restriction during the crisis but is perfectly in line with …
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Loan performance of subprime originations during the boom years of 2004–2006 is contrasted with that of subprime originations during the early period of 2000–2002. A counterfactual technique is developed to determine how originations during the early period would perform in a different...
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The Central European banking industry is dominated by foreign-owned banks. During the recent crisis, for the first time … comprehensive data set, we find that the recent crisis did not change the sensitivity of deposit growth rates to accounting risk …
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–2009 crisis. Using bank-level data for countries in Eastern Europe and Latin America, we analyze the growth of banks’ total gross … Europe and Latin America contracted their loan growth rates during the crisis, there are notable differences in foreign and …-owned banks’ corporate and consumer loans during the crisis exceeded that of domestic and foreign banks. Contrary to the case of …
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