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Credit cycle and capital buffers in Central America, Panama, and the Dominican Republic
Flamini, Valentina; Bologna, Pierluigi; Di Vittorio, Fabio - 2019
Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is key to identifying vulnerabilities, particularly in emerging markets, which tend...
Persistent link: https://www.econbiz.de/10012009386
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How should credit gaps be measured? : an application to European countries
Baba, Chikako; Dell'Erba, Salvatore; Detragiache, Enrica; … - 2020
Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential policy. The Basel Credit Gap (BCG) - the deviation of the credit-to-GDP ratio from its long-term trend estimated with a one-sided Hodrick-Prescott (HP) filter-is the indicator...
Persistent link: https://www.econbiz.de/10012170099
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Conceptual issues in calibrating the Basel III countercyclical capital buffer
Wezel, Torsten - 2019
always work best in terms of covering bank loan losses that go beyond what could be expected from economic downturns. Instead …
Persistent link: https://www.econbiz.de/10012019861
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Bank asset quality in emerging markets : determinants and spillovers
De Bock, Reinout; Demyanets, Alexander - 2012
Persistent link: https://www.econbiz.de/10009572427
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Financial dampening
Wieland, Johannes; Yang, Mu-Jeung - 2016
Persistent link: https://www.econbiz.de/10011460484
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A macroeconomic model with financially constrained producers and intermediaries
Elenev, Vadim; Landvoigt, Tim; Nieuwerburgh, Stijn van - 2018
Persistent link: https://www.econbiz.de/10011892444
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When banks punch back : macrofinancial feedback loops in stress tests
Catalán, Mario; Hoffmaister, Alexander W. - 2020
In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to … contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The …
Persistent link: https://www.econbiz.de/10012251391
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Procyclicality and monetary aggregates
Shin, Hyun Song; Shin, Kwanho - 2011
"Financial intermediaries borrow in order to lend. When credit is increasing rapidly, the traditional deposit funding (core liabilities) is supplemented with other funding (non-core liabilities). We explore the hypothesis that monetary aggregates reflect the size of non-core and core liabilities...
Persistent link: https://www.econbiz.de/10008934153
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Finance : function matters, not size
Cochrane, John H. - 2013
Persistent link: https://www.econbiz.de/10009737666
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Financial Development, Financial Fragility, and Growth
Loayza, Norman - 2005
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...
Persistent link: https://www.econbiz.de/10014404211