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Managing Systemic Banking Crises
Quintyn, Marc; Hoelscher, David S. - International Monetary Fund (IMF) - 2003
Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin American countries occurred within the context of highly dollarized economies, high levels of...
Persistent link: https://www.econbiz.de/10005590869
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The Austrian Theory of Business Cycles; Old Lessons for Modern Economic Policy?
Oppers, Stefan E. - International Monetary Fund (IMF) - 2002
This paper reviews the "Austrian" theory of the business cycle first proposed by Friedrich Hayek in the 1920s. His theory claimed that credit creation by monetary authorities would push investment beyond society's long-term willingness to save, creating a mismatch between supply and demand that...
Persistent link: https://www.econbiz.de/10005599459
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The Boom, Bust and Restructuring of Indonesian Banks
Pangestu, Mari; Habir, Manggi - International Monetary Fund (IMF) - 2002
This paper studies why currency and monetary shock hit Indonesia's economy and banking sector so severely and the measures that were taken to deal with the banking crisis, the lessons learned, and challenges faced in restructuring and strengthening the banking system. The vulnerable state of the...
Persistent link: https://www.econbiz.de/10005605259
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Central bank haircut policy
Chapman, James; Chiu, Jonathan; Molico, Miguel - In: Annals of Finance 7 (2011) 3, pp. 319-348
Persistent link: https://www.econbiz.de/10009326714
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Money and Collateral
Singh, Manmohan; Stella, Peter - International Monetary Fund (IMF) - 2012
borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity … shortage. When trying to address this, policy makers will need to consider concepts of liquidity besides the traditional metric … of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains …
Persistent link: https://www.econbiz.de/10010790405
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Resolution of Banking Crises; The Good, the Bad, and the Ugly
Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2010
This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of...
Persistent link: https://www.econbiz.de/10008560451
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The Benefits and Costs of Intervening in Banking Crises
Frydl, Edward J.; Quintyn, Marc - International Monetary Fund (IMF) - 2000
involves liquidity support and resolution actions. Principal benefits of intervention include avoiding panic and eliminating …
Persistent link: https://www.econbiz.de/10005826210
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Indonesia; Anatomy of a Banking Crisis
Kovanen, Arto; Frécaut, Olivier; Baldwin, Barbara E.; … - International Monetary Fund (IMF) - 2001
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the...
Persistent link: https://www.econbiz.de/10005826629
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Deposit Insurance and Crisis Management
Garcia, G. G. - International Monetary Fund (IMF) - 2000
A well-designed deposit insurance system (DIS) will provide incentives for citizens to keep the financial system sound. However, a poorly designed DIS can foster a financial crisis. This paper, therefore, makes recommendations for creating and running a limited, incentive-compatible, DIS. The...
Persistent link: https://www.econbiz.de/10005599779
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European Union; Publication of Financial Sector Assessment Program Documentation—Technical Note on Progress with Bank Restructuring and Resolution in Europe
International Monetary Fund (IMF); International … - 2013
This article is an analysis on the restructuring banking system of the European Union. The global financial crisis created the need to restructure by immensely reflecting weaknesses in the public, households, corporate, and other financial sectors. The restructuring includes the strengthening of...
Persistent link: https://www.econbiz.de/10011243426