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The Use of Blanket Guarantees in Banking Crises
Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2008
opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket … guarantees can prevent bank runs if they are credible. However, guarantee could add substantial fiscal costs to bank …
Persistent link: https://www.econbiz.de/10005826542
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The Real Effects of Financial Sector Interventions During Crises
Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2011
interventions aimed at alleviating the bank capital crunch. We find that the growth of firms dependent on external financing is … disproportionately positively affected by bank recapitalization policies, and that this effect is quantitatively important and robust to …
Persistent link: https://www.econbiz.de/10008876580
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“Lost Decade†in Translation; What Japan’s Crisis could Portend About Recovery from the Great Recession
Tokuoka, Kiichi; Syed, Murtaza H.; Kang, Kenneth - International Monetary Fund (IMF) - 2009
Is the recovery from the global financial crisis now secured? A strikingly similar crisis that stalled Japan's growth miracle two decades ago could provide some clues. This paper explores the parallels and draws potential implications for the current global outlook and policies. Japan's...
Persistent link: https://www.econbiz.de/10008561084