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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

Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe

Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - International Monetary Fund (IMF) - 2013

This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...

Persistent link: https://www.econbiz.de/10010790428

Bank Efficiency and Market Structure; What Determines Banking Spreads in Armenia?

Floerkemeier, Holger; Dabla-Norris, Era - International Monetary Fund (IMF) - 2007

Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic … potential to increase cost efficiency and competition in the banking system. …

Persistent link: https://www.econbiz.de/10005768878

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

Informality and Bank Credit; Evidence From Firm-Level Data

Koeda, Junko; Dabla-Norris, Era - International Monetary Fund (IMF) - 2008

The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs...

Persistent link: https://www.econbiz.de/10005605232

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