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The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience … these crises. The conclusions underscore that the banking crises examined did not represent an entirely special case … several of their features were nonetheless specific to this part of the world. These banking crises were the very prototype of …
Persistent link: https://www.econbiz.de/10005769085
Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership affect the availability of credit to the private sector? Empirical evidence is somewhat mixed on these issues. We use the Indian experience with liberalization of the financial...
Persistent link: https://www.econbiz.de/10008876581
market structure in the Ghanaian banking system, which may be hampering financial intermediation. We argue that the structure … in the Ghanaian banking system. …
Persistent link: https://www.econbiz.de/10005769091
This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity...
Persistent link: https://www.econbiz.de/10005826003
This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for...
Persistent link: https://www.econbiz.de/10005263910
form of increased development spending and overall primary expenditure, followed in some cases by retrenchment in post … this regard, electoral swings in fiscal deficits reflect a preference for influencing expenditures rather than taxation. …
Persistent link: https://www.econbiz.de/10005826270
A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures …
Persistent link: https://www.econbiz.de/10005263712
This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...
Persistent link: https://www.econbiz.de/10008528675
decreases the loanable funds directly; and second the sudden stop drives up the cost of providing banking services, thereby …
Persistent link: https://www.econbiz.de/10005768845
This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The … database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and …. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the …
Persistent link: https://www.econbiz.de/10005599378