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This Article maps financial crisis containment - extraordinary measures to stop the spread of financial distress - as a category of legal and policy choice. I make three claims.First, containment is distinct from financial regulation, crisis prevention and resolution. Containment is brief; it...
Persistent link: https://www.econbiz.de/10013160004
requirements, the enhanced use of supervisory colleges, and proposed bank resolution regimes. In addition to analyzing recent …
Persistent link: https://www.econbiz.de/10013110446
document the government responses to the crash and discuss how China may strengthen its financial system …
Persistent link: https://www.econbiz.de/10012855431
China’s lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding … China’s loans, also the associated defaults remain “hidden”, as missed payments and restructuring details are not disclosed …
Persistent link: https://www.econbiz.de/10012807855
distress. We build the first comprehensive dataset on China’s overseas bailouts between 2000 and 2021 and provide new insights … by the People’s Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in … together, China’s overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …
Persistent link: https://www.econbiz.de/10014247738
The Chinese stock market crash in June 2015 has demonstrated necessary to improve understanding of systemic risk from the perspective of financial network. This study constructs a tail risk network to present overall systemic risk of Chinese financial institutions, given the macroeconomic and...
Persistent link: https://www.econbiz.de/10012929768
Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the recent financial crisis. However, government credit concessions continued to expand after the economy recovered. This paper investigates some important features of this expansion...
Persistent link: https://www.econbiz.de/10011289317
We construct a new systemic risk measure that quantifies vulnerability to fire-sale spillovers using detailed regulatory balance sheet data for U.S. commercial banks and repo market data for broker-dealers. Even for moderate shocks in normal times, fire-sale externalities can be substantial. For...
Persistent link: https://www.econbiz.de/10010202672
In the immediate aftermath of the current financial crisis in the United States the response has been to resolve small and medium size banks, while large banks experiencing financial trouble have been given both direct and indirect government support. This, however, has resulted in a number of...
Persistent link: https://www.econbiz.de/10013114894
The paper provides the IMF staff views on policy options to mitigate the risks posed by institutions perceived as too-important-to-fail (“TITF"). These institutions have become bigger and more complex since the crisis, and risky practices have started to reappear. The paper emphasizes the need...
Persistent link: https://www.econbiz.de/10013124367