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Crisis Management and Resolution for a European Banking System
Giustiniani, Alessandro - 2010
This paper proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address...
Persistent link: https://www.econbiz.de/10014409157
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Monitoring systemic risk based on dynamic thresholds
Lund-Jensen, Kasper - 2012
Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper, systemic risk is defined as the conditional probability of a systemic banking crisis and this conditional probability is modeled in a fixed effect...
Persistent link: https://www.econbiz.de/10009618529
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The Anatomy of Banking Crises
Duttagupta, Rupa - 2008
crisis increases. The three conditions identified as crisis-prone-(i) very high inflation, (ii) highly dollarized bank … deposits combined with nominal depreciation or low liquidity, and (iii) low bank profitability-highlight that foreign currency …
Persistent link: https://www.econbiz.de/10012677582
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Post-Crisis Bank Behavior
Fund, International Monetary - 2010
Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the … literature-to post-crisis bank behavior. Using a panel dataset of commercial banks during the period 1990-2006, we analyze the … impact of crises on four sets of financial indicators of bank behavior-profitability, maturity preference …
Persistent link: https://www.econbiz.de/10012677530
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Do Financial Sector Reforms Lead to Financial Development? Evidence From a New Dataset
Tressel, Thierry; Detragiache, Enrica - International Monetary Fund (IMF) - 2008
This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have resulted in deeper credit markets. To measure banking sectorreforms we use a new index that tracks policy changes in five separate areas for 91 countriesover 1973-2005. We find...
Persistent link: https://www.econbiz.de/10005264064
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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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A New Database of Financial Reforms
Detragiache, Enrica; Abiad, Abdul; Tressel, Thierry - International Monetary Fund (IMF) - 2008
This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of...
Persistent link: https://www.econbiz.de/10005604989
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Banks' Precautionary Capital and Credit Crunches
Valencia, Fabian - 2008
Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be … capital-constrained banks, a ""credit crunch"". This paper develops a bank model to study credit crunches and their real …
Persistent link: https://www.econbiz.de/10012677680
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Responding to Banking Crises
Detragiache, Enrica - 2010
systems are more prone to adopt bank rescue measures that are costly for the government budget. We take adva …
Persistent link: https://www.econbiz.de/10012677534
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Financial Sector Evolution in the Central European Economies; Challenges in Supporting Macroeconomic Stability and Sustainable Growth
Wagner, Nancy L.; Iakova, Dora M. - International Monetary Fund (IMF) - 2001
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292