Showing 1 - 8 of 8
This paper develops a model to assess how monetary policy rates affect bank risk-taking. In the model, a reduction in the risk-free rate increases lending profitability by reducing funding costs and increasing the surplus the monopolistic bank extracts from borrowers. Under limited liability,...
Persistent link: https://www.econbiz.de/10009369452
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
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
Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be …
Persistent link: https://www.econbiz.de/10005769120
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
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
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
Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk-neutral shareholders and subject to limited liability, can...
Persistent link: https://www.econbiz.de/10011142078