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non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt … overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to …
Persistent link: https://www.econbiz.de/10011456517
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
Persistent link: https://www.econbiz.de/10013337379
soundness and performance are broadly favorable but credit risk poses a challenge over the medium term, and capitalization … should rise to support continued banking sector development. The system has weathered the global credit crunch that began in …
Persistent link: https://www.econbiz.de/10011244068
This 2009 Article IV Consultation highlights that the U.S. economy has experienced the worst financial crisis since the Great Depression. In the second half of 2008, financial pressures intensified and came to a head with the failure of Lehman Brothers in September. Executive Directors have...
Persistent link: https://www.econbiz.de/10011244122
We provide a comprehensive analysis of the determinants of trading in the sovereign credit default swaps (CDS) market … trading in sovereign CDS: (a) country-specific credit risk shocks, including changes in a country's credit rating and related …
Persistent link: https://www.econbiz.de/10011541398
Persistent link: https://www.econbiz.de/10011720685
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012643066
Persistent link: https://www.econbiz.de/10011609882
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522