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Systemic Banking Crises Database: An Update
Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2012
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent … banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy …
Persistent link: https://www.econbiz.de/10010790233
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Taxation, Bank Leverage, and Financial Crises
Mooij, Ruud A. de; Keen, Michael; Orihara, Masanori - International Monetary Fund (IMF) - 2013
That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that...
Persistent link: https://www.econbiz.de/10011123854
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Evaluating the Net Benefits of Macroprudential Policy; A Cookbook
Arregui, Nicolas; Benes, Jaromir; Krznar, Ivo; Mitra, … - International Monetary Fund (IMF) - 2013
The paper proposes a simple, new, analytical framework for assessing the cost and benefits of macroprudential policies. It proposes a measure of net benefits in terms of parameters that can be estimated: the probability of crisis, the loss in output given crisis, policy effectiveness in bringing...
Persistent link: https://www.econbiz.de/10011242344
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Balance Sheet Strength and Bank Lending During the Global Financial Crisis
Kapan, Tümer; Minoiu, Camelia - International Monetary Fund (IMF) - 2013
credit more than other banks. However, higher and better-quality capital mitigated this effect. Our results suggest that … bank credit. We find that banks with strong balance sheets were better able to maintain lending during the crisis. In … strong bank balance sheets are key for the recovery of credit following crises, and provide support for regulatory proposals …
Persistent link: https://www.econbiz.de/10011142046
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Systemic Risk Monitoring ("SysMo") Toolkit—A User Guide
Blancher, Nicolas R.; Mitra, Srobona; Morsy, Hanan; … - International Monetary Fund (IMF) - 2013
There has recently been a proliferation of new quantitative tools as part of various initiatives to improve the monitoring of systemic risk. The "SysMo" project takes stock of the current toolkit used at the IMF for this purpose. It offers detailed and practical guidance on the use of current...
Persistent link: https://www.econbiz.de/10011123862
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Bank Funding Structures and Risk; Evidence From the Global Financial Crisis
Federico, Pablo; Vázquez, Francisco F. - International Monetary Fund (IMF) - 2012
failure, providing a case for the introduction of a macro-prudential approach to banking regulation. …
Persistent link: https://www.econbiz.de/10009650626
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Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery
Goretti, Manuela; Souto, Marcos - International Monetary Fund (IMF) - 2013
High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic...
Persistent link: https://www.econbiz.de/10010790287
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Financial Crises Explanations, Types, and Implications
Claessens, Stijn; Kose, M. Ayhan - International Monetary Fund (IMF) - 2013
fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these … theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking …
Persistent link: https://www.econbiz.de/10011123845
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Does Financial Connectedness Predict Crises?
Minoiu, Camelia; Kang, Chanhyun; Subrahmanian, V.S.; … - International Monetary Fund (IMF) - 2013
this paper we examine the ability of connectedness in the global network of financial linkages to predict systemic banking …' connectedness are associated with a higher probability of banking crises after controlling for macroeconomic fundamentals. …
Persistent link: https://www.econbiz.de/10010790234
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External Imbalances and Financial Crises
Taylor, Alan - International Monetary Fund (IMF) - 2013
financial systems where risks originated in excessive credit booms. We can use the lens of macroeconomic and financial history … to confront these dueling hypotheses with evidence. The credit boom explanation is the most plausible predictor of crises …
Persistent link: https://www.econbiz.de/10010790262