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Accounting Discretion of Banks During a Financial Crisis

Laeven, Luc; Huizinga, Harry - International Monetary Fund (IMF) - 2009

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to...

Persistent link: https://www.econbiz.de/10008559265

Resolution of Banking Crises; The Good, the Bad, and the Ugly

Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2010

This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many …

Persistent link: https://www.econbiz.de/10008560451

The Use of Blanket Guarantees in Banking Crises

Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2008

In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often … restructuring programs and may increase moral hazard going forward. Using a sample of 42 episodes of banking crises, this paper …

Persistent link: https://www.econbiz.de/10005826542

Systemic Banking Crises; A New Database

Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2008

This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The … database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and …. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the …

Persistent link: https://www.econbiz.de/10005599378

Systemic Banking Crises Database: An Update

Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2012

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent … banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy …

Persistent link: https://www.econbiz.de/10010790233

The Real Effects of Financial Sector Interventions During Crises

Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2011

We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...

Persistent link: https://www.econbiz.de/10008876580