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Banking crises and recessions: what can leading indicators tell us?

Corder, Matthew; Weale, Martin - Monetary Policy Committee (MPC), Bank of England - 2011

is evidence for interdependency between recessions and banking crises using both non-parametric tests and unconditional …It is widely suggested that there is some relationship between banking crises and recessions. We assess whether there … predict banking crises and recessions and if these variables can explain the previously obvserved interdependence. Inclusion …

Persistent link: https://www.econbiz.de/10009318978

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …

Persistent link: https://www.econbiz.de/10011083232

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2014

which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …

Persistent link: https://www.econbiz.de/10010948836

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jorda, Oscar; Schularick, Moritz; Taylor, Alan M. - Hong Kong Institute for Monetary Research (HKIMR), … - 2014

which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …

Persistent link: https://www.econbiz.de/10010929639

The great mortgaging: housing finance, crises, and business cycles

Jorda, Oscar; Schularick, Moritz; Taylor, Alan M. - Federal Reserve Bank of San Francisco - 2014

which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …

Persistent link: https://www.econbiz.de/10011026939

Betting the House

Jorda, Oscar; Taylor, Alan M.; Schularick, Moritz HP. - National Bureau of Economic Research (NBER) - 2014

, materially heighten the risk of financial crises. Both effects have become stronger in the postwar era. …

Persistent link: https://www.econbiz.de/10011106101

Modeling risk in a dynamically changing world: from association to causation

Sokolov, Yuri - Volkswirtschaftliche Fakultät, … - 2012

The current crisis causes numerous economic uncertainties, such as a break-up of the European currency union, and a Greek exit from the euro area to boost the competitiveness by means of devaluation of national currency. When a factor such as exchange rate is expected to have a significant...

Persistent link: https://www.econbiz.de/10011259234

Linking Macroeconomic Dynamics to Georgian Credit Portfolio Risk

Zviad, Zedginidze - EERC Research Network, Russia and CIS - 2012

The following study develops a dynamic credit risk model for the Georgian banking portfolio and investigates the effects that macroeconomic (systemic) factors have on credit risk. A SUR model is estimated for the Non-Performing Loan ratio in seven sectors as a function of a lagged dependent...

Persistent link: https://www.econbiz.de/10011094981

Betting the house

Jorda, Oscar; Schularick, Moritz; Taylor, Alan M. - Federal Reserve Bank of San Francisco - 2014

, materially heighten the risk of financial crises. Both effects have become stronger in the postwar era. …

Persistent link: https://www.econbiz.de/10011114889

Real Interest Rate Risk in the Argentine Banking System. A Measuring Model

Balzarotti, Verónica - In: Ensayos Económicos 1 (2007) 46, pp. 7-61

The exposure of the argentine banking system to real interest rate changes is material and discourages long term credit. Quantification of this risk would help to manage it and may promote new credit, although it is not an easy job, especially in emerging markets. This paper proposes a Value at...

Persistent link: https://www.econbiz.de/10010849647