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What Caused the Global Financial Crisis; Evidenceon the Drivers of Financial Imbalances 1999: 2007
Merrouche, Ouarda; Nier, Erlend - International Monetary Fund (IMF) - 2010
This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii)...
Persistent link: https://www.econbiz.de/10008727817
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Crisis in Competitive Versus Monopolistic Banking Systems
Smith, Bruce D.; Nicoló, Gianni De; Boyd, John H. - International Monetary Fund (IMF) - 2003
risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under … different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal … rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a …
Persistent link: https://www.econbiz.de/10005826156
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Bank Losses, Monetary Policy and Financial Stability-Evidenceon the Interplay From Panel Data
Zicchino, Lea; Nier, Erlend - International Monetary Fund (IMF) - 2008
. While most of these effects are stronger in crisis times, we find them to operate both in and outside full-blown banking …
Persistent link: https://www.econbiz.de/10005826440
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The Need for Special Resolution Regimes for Financial Institutions; The Case of theeuropean Union
Cihák, Martin; Nier, Erlend - International Monetary Fund (IMF) - 2009
The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed...
Persistent link: https://www.econbiz.de/10008528635
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Banking Crises and Crisis Dating; Theory and Evidence
Loukoianova, Elena; Nicoló, Gianni De; Boyd, John H. - International Monetary Fund (IMF) - 2009
Many empirical studies of banking crises have employed "banking crisis" (BC) indicators constructedusing primarily … information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking …
Persistent link: https://www.econbiz.de/10008528706
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Bank Risk-Taking and Competition Revisited; New Theory and New Evidence
Nicoló, Gianni De; Jalal, Abu M.; Boyd, John H. - International Monetary Fund (IMF) - 2006
This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a...
Persistent link: https://www.econbiz.de/10005605287
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Building Blocks for Effective Macroprudential Policies in Latin America; Institutional Considerations
Imam, Patrick A.; Nier, Erlend; Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2012
An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in...
Persistent link: https://www.econbiz.de/10011242254