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Persistent link: https://www.econbiz.de/10010465147
In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low-and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by...
Persistent link: https://www.econbiz.de/10013068299
Developing countries are the least to blame for the outbreak of the financial crisis, but they are destined to suffer the most dramatic and long-lasting consequences. This chapter focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income...
Persistent link: https://www.econbiz.de/10013147496
they have greater trade and banking exposure, hoping to reduce the collateral damage to their own economies. Since the 2000 …
Persistent link: https://www.econbiz.de/10012233649
they have greater trade and banking exposure, hoping to reduce the collateral damage to their own economies. Since the 2000 …
Persistent link: https://www.econbiz.de/10012261746
Financial institutions and governments the world over have been locked in mutual dependence since long before the crisis that began in 2007. Postcrisis reforms will not rid banks and governments of one another; at best, they may renegotiate the terms of engagement. This essay uses case studies...
Persistent link: https://www.econbiz.de/10013131748
programs on the banking, financial, and real economic sectors of the Athens Stock Exchange (ASE). Our results reveal that the … the systematic risk for value banking stocks, most likely because established banking firms in Greece hold large amounts …
Persistent link: https://www.econbiz.de/10012974610
Since the 2008 financial crisis, banking regulators' capital enhancement efforts have focused on permitting …
Persistent link: https://www.econbiz.de/10012857978
In this paper, I use a two-country model to investigate the incentives which lead one country to take charge of another country's debt. I show that, when direct transfers to residents cannot be perfectly targeted, the first country can be better off honoring the second country's liabilities,...
Persistent link: https://www.econbiz.de/10013032993
This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large … banking crises, our results indicate that countries participating in IMF-supported lending programs are significantly less … likely to experience a future banking crisis than nonborrowing countries. We also provide evidence suggesting that compliance …
Persistent link: https://www.econbiz.de/10013027614