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Hong Kong SAR As a Financial Center for Asia : Trends and Implications

Unteroberdoerster, Olaf - 2008

We document Hong Kong SAR''s evolving role as an international financial center in the Asia region, the importance of … growth. Hong Kong SAR has a long established track record as Asia''s premier center for cross-border financial transactions …. Further financial opening of China is likely to consolidate Hong Kong SAR''s leading position as Asia''s international …

Persistent link: https://www.econbiz.de/10014401869

Did Output Recover From the Asian Crisis?

Cerra, Valerie - 2003

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...

Persistent link: https://www.econbiz.de/10014404003

Financial Crisis and Credit Crunch As a Result of Inefficient Financial Intermediation : With Reference to the Asian Financial Crisis

Chen, Zhaohui - 1998

This paper develops a model of private debt financing under inefficient financial intermediation. It suggests a mechanism that can generate the following sequence of events observed in the recent Asian crisis: A period of relatively low capital flow despite a steady improvement in economic...

Persistent link: https://www.econbiz.de/10014400099

Monitoring Banking Sector Fragility : A Multivariate Logit Approach

Detragiache, Enrica - 1999

This paper explores how a multivariate logit empirical model of banking crisis probabilities can be used to monitor banking sector fragility. The proposed approach relies on readily available data, and the fragility assessment has a clear interpretation based on in-sample statistics. The model...

Persistent link: https://www.econbiz.de/10014401058

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

Liberalization and Financial Crisis in Uruguay (1974-1987)

Leone, Alfredo Mario - 1991

The financial system in Uruguay underwent a serious crisis beginning in 1982, which resulted in the failure of many banks and to a major restructuring of the financial system. This paper examines the causes and consequences of this crisis, exploring the relationship between developments in the...

Persistent link: https://www.econbiz.de/10014397344

The Economic Crisis : Did Financial Supervision Matter?

Quintyn, Marc - 2011

The Asian financial crisis marked the beginning of worldwide efforts to improve the effectiveness of financial supervision. However, the crisis that started in 2007?08 was a crude awakening: several of these improvements seemed unable to avoid or mitigate the crisis. This paper brings the first...

Persistent link: https://www.econbiz.de/10014397684

The East Asian Crisis : Macroeconomic Developments and Policy Lessons

Kochhar, Kalpana - 1998

This paper reviews macroeconomic developments during the first year of the crisis in east Asia and draws some …

Persistent link: https://www.econbiz.de/10014403374

Deposit Insurance Regulatory forbearance and Economic Growth : Implications for the Japanese Banking Crisis

Kletzer, Kenneth - 2005

An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how...

Persistent link: https://www.econbiz.de/10014404180

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Rochon, Céline - 2006

In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and banks failures are generated through...

Persistent link: https://www.econbiz.de/10014400185

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