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The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...
Persistent link: https://www.econbiz.de/10012760717
of the lender (the Bank) as compared to those of the borrowers (the countries) must be clear. Second, the extent of the …
Persistent link: https://www.econbiz.de/10012763556
their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent …
Persistent link: https://www.econbiz.de/10012763737
the current loan), a 25% reduction of the interest rate in the next loan the borrower takes from the bank, or a monthly …
Persistent link: https://www.econbiz.de/10013068089
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10013233025
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10012757853
During the financial crisis that started in 2007, the U.S. government has used a variety of tools to try to rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990s. There are also a surprising number of other...
Persistent link: https://www.econbiz.de/10012758287
Financial safety nets are incomplete social contracts that assign responsibility to various economic sectors for preventing, detecting, and paying for potentially crippling losses at financial institutions. This paper uses the theories of incomplete contracts and sequential bargaining to...
Persistent link: https://www.econbiz.de/10012760523
We investigate how banking relationships that combine lending and underwriting services affect the terms of lending, through both loan supply- and loan demand-side effects, and the underwriting costs of debt and equity issues. We capture and control for firm characteristics, including...
Persistent link: https://www.econbiz.de/10012760608
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …
Persistent link: https://www.econbiz.de/10012760665