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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

Price and monetary convergence in currency unions : the Franc and Rand zones

Honohan, Patrick - Economics Research, World Bank Group - 1990

Theory suggests that a currency union will impose significant macroeconomic disciplines on its members. This paper examines the two main surviving currency zones - the franc and rand zones in Africa - to learn whether and to what extent certain generally accepted theory is confirmed by the data....

Persistent link: https://www.econbiz.de/10005079610

Deposit dollarization and the financial sector in emerging economies

Honohan, Patrick; Shi, Anging - Economics Research, World Bank Group - 2001

Analyzing new data, the authors find that the general trend toward increased use of foreign-currency-denominated bank …

Persistent link: https://www.econbiz.de/10005079621

Household financial assets in the process of development

Honohan, Patrick - Economics Research, World Bank Group - 2006

Systematic information on household financial asset holdings in developing countries is very sparse. The author reviews some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved...

Persistent link: https://www.econbiz.de/10005079702

Will the Euro trigger more monetary unions in Africa?

Honohan, Patrick; Lane, Philip R. - Economics Research, World Bank Group - 2000

The authors analyze the prospects for greater monetary integration in Africa, in the wake of the European Monetary Union. They argue that the structural characteristics of African economies, are quite different from those of European economies, but that much can be gained from monetary...

Persistent link: https://www.econbiz.de/10005079848

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

Dollarization of the banking system : good or bad?

De Nicolo, Gianni; Honohan, Patrick; Ize, Alain - Economics Research, World Bank Group - 2003

De Nicol? Honohan, and Ize assess the benefits and risks associated with dollarization of the banking system. The authors provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development, and on whether dollarization is associated with financial...

Persistent link: https://www.econbiz.de/10004989712

Excess liquidity and monetary overhangs

Caprio, Gerard; Honohan, Patrick - Economics Research, World Bank Group - 1991

bank lending, or a"credit crunch") or to money holdings of the nonbank public. Excess liquidity may be voluntary or …The term"excess liquidity"may refer to the share of liquid assets in bank portfolios (the result of a retrenchment in … money in two common cases: 1) when there is a voluntary credit crunch because of a rise in perceived risk of default, and 2 …

Persistent link: https://www.econbiz.de/10004989793