Showing 1 - 10 of 13
The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980–94, using a multivariate logit econometric model. The results suggest that crises tend to erupt when the macroeconomic environment is weak,...
Persistent link: https://www.econbiz.de/10014403253
We study how foreign bank penetration affects financial sector development in poor countries. A theoretical model shows …
Persistent link: https://www.econbiz.de/10014404230
This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCPs) improves bank soundness. The authors find a significant and positive relationship between bank soundness (measured with Moody''s financial strength ratings) and compliance with...
Persistent link: https://www.econbiz.de/10014400277
liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis … liberalization where institutions are weak, even if macroeconomic stabilization has been achieved …
Persistent link: https://www.econbiz.de/10014400719
A rapidly growing empirical literature is studying the causes and consequences of bank fragility in present-day economies. The paper reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their application to...
Persistent link: https://www.econbiz.de/10014400924
We study how credit market deregulation and increased international financial openness have changed corporate borrowing. The evidence comes from a large panel of publicly traded firms in 38 countries over the period 1994-2002. Reforms are measured with a comprehensive new index that tracks six...
Persistent link: https://www.econbiz.de/10014401074
This paper studies whether compliance with the Basel Core Principles for effective banking supervision (BCPs) is associated with bank soundness. Using data for over 3,000 banks in 86countries, we find that neither the overall index of BCP compliance nor its individual components are robustly...
Persistent link: https://www.econbiz.de/10014402918
In a large panel of countries, we find that less liquid countries are more likely to default on their external debt. Specifically, for given total external debt, the probability of a crisis increases with the proportion of short-term debt and debt service coming due and decreases with foreign...
Persistent link: https://www.econbiz.de/10014403529
This study analyzes panel data for 61 countries during 1980–97 and concludes that explicit deposit insurance tends to be detrimental to bank stability, the more so where bank interest rates are deregulated and the institutional environment is weak. Also, the adverse impact of deposit insurance...
Persistent link: https://www.econbiz.de/10014399938
This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have … institutions that place checks and balances on political power. We interpret this asevidence of a complementarity between financial … sector reforms and political institutions thatprotect property rights. Other country characteristics do not seem to …
Persistent link: https://www.econbiz.de/10014401627