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Did the Basel Accord Cause a Credit Slowdown in Latin America?
Cosimano, Thomas F.; Chami, Ralph; Barajas, Adolfo - International Monetary Fund (IMF) - 2005
Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for the serious slowdowns in credit growth experienced by these countries. We find...
Persistent link: https://www.econbiz.de/10005248279
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Monetary Policy with a touch of Basel
Chami, Ralph; Cosimano, Thomas F. - International Monetary Fund (IMF) - 2001
The typical portrait of monetary policy has the banks and the money supply being manipulated through changes in bank reserves. However, with only a small portion of bank deposits now subject to reserve requirements, an alternative explanation of how monetary policy influences banks is needed....
Persistent link: https://www.econbiz.de/10005263662
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Central Bank Involvement in Banking Crises in Latin America
Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2008
arrangements were in place, which highlights the importance of building a suitable framework for preventing and managing banking …
Persistent link: https://www.econbiz.de/10005264086
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The Late 1990's Financial Crisis in Ecuador; Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work
Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2004
respond in a timely manner and efficiently enough to prevent the escalation of the banking crisis and spurred the adoption of … suboptimal policy decisions. Public finance rigidities limited the government's capacity to correct existing imbalances and the … triple banking, currency, and fiscal crisis. …
Persistent link: https://www.econbiz.de/10005769178
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Bank Behavior in Response to Basel Iii; A Cross-Country Analysis
Cosimano, Thomas F.; Hakura, Dalia - International Monetary Fund (IMF) - 2011
This paper investigates the impact of the new capital requirements introduced under the Basel III framework on bank lending rates and loan growth. Higher capital requirements, by raising banks’ marginal cost of funding, lead to higher lending rates. The data presented in the paper suggest...
Persistent link: https://www.econbiz.de/10009147325
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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
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U.S. Bank Behavior in the Wake of the 2007-2009 Financial Crisis
Hakura, Dalia; Chami, Ralph; Cosimano, Thomas F.; … - International Monetary Fund (IMF) - 2010
The paper examines the slowdown of lending by large U.S. banks over the period 2007Q3 - 2009Q2, focusing on: (i) whether capital or liquidity was the binding constraint; (ii) factors influencing banks’ decision to hold capital; and (iii) their pricing behavior. Using quarterly data for...
Persistent link: https://www.econbiz.de/10008560439