Similar Search Results

Distributional effects of crises : the role of financial transfers

Halac, Marina; Schmukler, Sergio - Economics Research, World Bank Group - 2003

Financial crises affect income distribution by way of different channels. The authors argue that financial transfers are an important channel which has been overlooked by the literature. They study the role of financial transfers by analyzing some of the most severe Latin American crises during...

Persistent link: https://www.econbiz.de/10005079564

Crisis and contagion in East Asia : nine lessons

Kawai, Masahiro; Newfarmer, Richard; Schmukler, Sergio - Economics Research, World Bank Group - 2001

The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion:...

Persistent link: https://www.econbiz.de/10005079883

Beyond capital ideals : restoring banking stability

Caprio Jr., Gerard; Honohan, Patrick - Economics Research, World Bank Group - 1999

The authors examine why emerging markets, in particular, are susceptible to and affected by financial difficulties. They show that these difficulties have a richer, more complex structure than they are sometimes believed to have - with marked information asymmetries and substantial volatility....

Persistent link: https://www.econbiz.de/10005079944

Predicting currency fluctuations and crises - do resident firms have an informational advantage?

Kaufmann, Daniel; Mehrez, Gil; Schmukler, Sergio - Economics Research, World Bank Group - 1999

The authors investigate whether resident enterprise managers have an informational advantage about the countries in which they work. They propose a method for extracting information available to resident managers but unknown to investors and forecasters. They rest their hypothesis of...

Persistent link: https://www.econbiz.de/10005080040

Safe and sound banking : a role for countercyclical regulatory requirements ?

Caprio Jr., Gerard - Economics Research, World Bank Group - 2010

Most explanations of the crisis of 2007-2009 emphasize the role of the preceding boom in real estate and asset markets in a variety of advanced countries. As a result, an idea that is gaining support among various groups is how to make Basel II or any regulatory regime less pro-cyclical. This...

Persistent link: https://www.econbiz.de/10008550613

Managers, investors, and crises : mutual fund strategies in emerging markets

Kaminsky, Graciela; Lyons, Richard; Schmukler, Sergio - Economics Research, World Bank Group - 2000

The authors address the trading strategies of mutual funds in emerging markets. The data set they develop permits analyses of these strategies at the level of individual portfolios. A methodologically novel feature of their analysis: they disentangle the behavior of fund managers from that of...

Persistent link: https://www.econbiz.de/10005128513

The role of long term finance : theory and evidence

Caprio Jr., Gerard; Demirguc-Kunt, Asli - Economics Research, World Bank Group - 1997

World Bank operations. Their project investigated whether industrial firms in developing countries suffer from a shortage of … important in designing the World Bank's industrial lending policy because the development community is reevaluating mechanisms …

Persistent link: https://www.econbiz.de/10005128608

Emerging markets instability: do sovereign ratings affect country risk and stock returns?

Kaminsky, Graciela; Schmukler, Sergio - Economics Research, World Bank Group - 2001

Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny lately as promoters of financial excesses, upgrading countries in good times and downgrading them in bad times. Using a panel of emerging...

Persistent link: https://www.econbiz.de/10005128745

Financial history : lessons of the past for reformers of the present

Caprio Jr., Gerard; Vittas, Dimitri - Economics Research, World Bank Group - 1995

economic development. Central bank independence may contribute to economic stability. One way to increase it is by lengthening … the term of central bank governors. There must be incentives for bank owners to behave prudently - a requirement that they …

Persistent link: https://www.econbiz.de/10005128926

Bank regulation and supervision : what works best?

Barth, James R.; Caprio Jr., Gerard; Levine, Ross - Economics Research, World Bank Group - 2001

The authors draw on their new database on bank regulation and supervision in 107 countries to assess different … governmental approaches to bank regulation and supervision and evaluate the efficacy of different regulatory and supervisory … bank activities and the mixing of banking and commerce. Regulations on entry by domestic and foreign banks. Regulations on …

Persistent link: https://www.econbiz.de/10005129116