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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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Lessons and Policy Implications From the Global Financial Crisis
Claessens, Stijn; Laeven, Luc; Igan, Deniz; … - International Monetary Fund (IMF) - 2010
The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial...
Persistent link: https://www.econbiz.de/10008519478