Showing 1 - 10 of 5,285
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990 …. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close … relationship between NPL problems-elevated and unresolved NPLs-and the severity of post-crisis recessions. A machine learning …
Persistent link: https://www.econbiz.de/10012206258
analytically and using a real-life empirical example of yield spread as a predictor of recessions. We show that false alarm rate in … quantify the extent to which ROC could be exaggerating the true predictive value of the yield curve in predicting recessions. …
Persistent link: https://www.econbiz.de/10014284725
This paper looks at the impact of mitigation policies implemented by supervisory and macroprudential authorities as well as national governments in the euro area during the coronavirus (COVID-19) pandemic to support lending to the real economy. The impact assessment concerns joint, and...
Persistent link: https://www.econbiz.de/10013226862
How do severe recessions, such as those brought about by the Global Financial Crisis or the COVID-19 pandemic, affect … the composition of energy generation between green and dirty sources? Does creative destruction during recessions result … in a sustained greening of the energy mix? The empirical analysis presented in this paper highlights that recessions and …
Persistent link: https://www.econbiz.de/10014466810
. The aim of this work is to compare these two great crises and highlight similarities as well as differences. Monetary …
Persistent link: https://www.econbiz.de/10011412358
We examine the relationship of banking crises with economic growth and recessions. Our data cover 21 economies from … Product (GDP) and capital investment after banking crises. Most strikingly, twenty-five percent of counties experience no …
Persistent link: https://www.econbiz.de/10013081451
banking crises of the 1930s and the 1933 holiday through the lens of bank supervision, the continuous oversight of commercial … banks by government officials. Through the 1930s banking crises, federal supervisors identified troubled banks but could not …
Persistent link: https://www.econbiz.de/10012841551
We employ a unique hand-collected dataset and a novel methodology to examine systemic risk before and after the largest U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank as well as a bank’s position in the network. We...
Persistent link: https://www.econbiz.de/10012892160
This paper develops a dynamic model of bank liquidity provision to characterize the ex post efficient policy response to a banking panic and study its implications for the behavior of output in the aftermath of a panic. It is shown that the trajectory of real output following a panic episode...
Persistent link: https://www.econbiz.de/10013012285
The 2008 financial crisis was the second instance since the Great Depression that many hundreds of financial institutions failed across the United States. The rescue staged by the federal government, however, was unprecedented in scale, involving an initial Congressional authorization of $700...
Persistent link: https://www.econbiz.de/10013047654