Similar Search Results

Eicher, Theo S.; Kuenzel, David J.; Papageorgiou, Chris; … - 2018

Financial crises pose unique challenges for forecast accuracy. Using the IMF's Monitoring of Fund Arrangement (MONA) database, we conduct the most comprehensive evaluation of IMF forecasts to date for countries in times of crises. We examine 29 macroeconomic variables in terms of bias,...

Persistent link: https://www.econbiz.de/10011932572

The dynamics of non-performing loans during banking crises : a new database

Ari, Anil; Chen, Sophia; Ratnovski, Lev - 2019

This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...

Persistent link: https://www.econbiz.de/10012155002

What shapes current account adjustment during recessions?

Kolerus, Christina Elisabeth - 2021

This paper studies the dynamics of external accounts during 278 economic recession events in the past 60 years and sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current account, driven by an initial, sharp decline in...

Persistent link: https://www.econbiz.de/10012605536

Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

Taming financial development to reduce crises

Ben Naceur, Samy; Candelon, Bertrand; Lajaunie, Quentin - 2019

This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...

Persistent link: https://www.econbiz.de/10012021789

Dampening global financial shocks : can macroprudential regulation help (more than capital controls)?

Bergant, Katharina; Grigoli, Francesco; Hansen, … - 2020

We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging … markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital … liquidity, foreign currency mismatches, and risky forms of credit. We also find that tighter macroprudential regulation allows …

Persistent link: https://www.econbiz.de/10012252052

A behavioral approach to financial supervision, regulation, and central banking

Khan, Ashraf - 2018

This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It …

Persistent link: https://www.econbiz.de/10011905870

The international monetary system : where are we and where do we need to go?

Mohan, Rakesh; Patra, Michael Debabrata; Kapur, Muneesh - 2013

Persistent link: https://www.econbiz.de/10010389956

Central bank legal frameworks in the aftermath of the global financial crisis

Khan, Ashraf - 2017

Drawing on the 2016 update of the IMF's Central Bank Legislation Database, this paper examines differences in central bank legal frameworks before and after the Global Financial Crisis. Examples from select countries show that many central bank laws have undergone changes in objectives,...

Persistent link: https://www.econbiz.de/10011704406

Booms, crises, and recoveries : a new paradigm of the business cycle and its policy implications

Cerra, Valerie; Saxena, Sweta Chaman - 2017

All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for...

Persistent link: https://www.econbiz.de/10011763625