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recession. The existing literature on financial crises rarely distinguish between factors that create the original strain on the … the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …
Persistent link: https://www.econbiz.de/10003843236
This paper asks whether bonanzas (surges) in net capital inflows increase the probability of banking crises and whether … indicates that bonanzas in all flows increase the probability of crises when the windfall takes place jointly with a lending … exhibit greater odds of crises after a windfall of capital …
Persistent link: https://www.econbiz.de/10013133353
recession. The existing literature on financial crises rarely distinguish between factors that create the original strain on the … the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …
Persistent link: https://www.econbiz.de/10013134667
This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries facilitated a smoother adjustment during the global crisis of 2008–2009, and the way the region has been coping with the adjustment to the post-crisis challenges. We point out...
Persistent link: https://www.econbiz.de/10013118911
This paper asks whether bonanzas (surges) in net capital inflows increase the probability of banking crises and whether … indicates that bonanzas in all flows increase the probability of crises when the windfall takes place jointly with a lending … greater odds of crises after a windfall of capital …
Persistent link: https://www.econbiz.de/10013104035
We examine the evolution of the Icelandic banking sector in its macroeconomic environment. The story culminates in the crisis of October 2008, when all three major banks in Iceland collapsed in three successive days. The country is still struggling to cope with the consequences. The paper...
Persistent link: https://www.econbiz.de/10013072334
This paper attempts to explain the divergent output effects of currency crises through a very simple and intuitive …
Persistent link: https://www.econbiz.de/10013157157
In this paper, we study the relationship between banking crises, external financial crises and gross international … capital flows. First, we confirm that banking and external crises are correlated. Then, as we explore the role of gross … repatriation we call gross foreign investment reversals (GIR) – predict banking as well as external crises. Finally, we estimate …
Persistent link: https://www.econbiz.de/10012969011
This paper empirically examines the impact of capital flows on credit growth, credit excesses and banking crises using … precede credit growth and credit excesses. Both gross inflows and high private domestic credit precede banking crises …. Formalized hypotheses allow us to study whether domestic or international drivers more frequently precede banking crises, and …
Persistent link: https://www.econbiz.de/10013046312
The complexity of the Cyprus crisis makes answering the question of the title difficult, while the policy implications make the question important. However, the answer to this question unavoidably points the finger to those responsible, and as a result the quest for an answer is clouted by...
Persistent link: https://www.econbiz.de/10013031535