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Credit Booms and Lending Standards
Dell'Ariccia, Giovanni - 2008
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10012677586
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The Use of Blanket Guarantees in Banking Crises
Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2008
opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket … guarantees can prevent bank runs if they are credible. However, guarantee could add substantial fiscal costs to bank …
Persistent link: https://www.econbiz.de/10005826542
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The Real Effects of Financial Sector Interventions During Crises
Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2011
interventions aimed at alleviating the bank capital crunch. We find that the growth of firms dependent on external financing is … disproportionately positively affected by bank recapitalization policies, and that this effect is quantitatively important and robust to …
Persistent link: https://www.econbiz.de/10008876580