procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …

The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991 …

credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in …

discipline: a weak bank may not necessarily be able to stop a deposit drain by raising its uninsured deposit interest rates. …

This paper documents global trends in bank activity, consolidation, internationalization, and financial firm … concentrated banking systems. We outline research directions aimed at explaining why bank consolidation and conglomeration do not …

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 … requirements for monetary policy. In particular, we identify a "bank balance-sheet channel" of monetary policy, which operates …

This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin … America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used … to cope with large and small crises alike. Pouring central bank money into the financial system generally derailed …

Banks will want to influence the bank regulator to favor their interests, and they typically have the means to do so …