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How do business and financial cycles interact?

Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - In: Journal of International Economics 87 (2012) 1, pp. 178-190

business and financial cycles. In particular, recessions associated with financial disruptions, notably house and equity price … busts, tend to be longer and deeper than other recessions. Conversely, while recoveries following asset price busts tend to …

Persistent link: https://www.econbiz.de/10010577693

When Credit Bites Back: Leverage, Business Cycles and Crises

Jorda, Oscar; Schularick, Moritz; Taylor, Alan - Economics Department, University of California-Davis - 2012

of the modern business cycle: financial-crisis recessions are more costly than normal recessions in terms of lost output …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower …

Persistent link: https://www.econbiz.de/10010581412

The national and regional economic outlook

Dudley, William C. - In: Speech (2011) Nov 18

Remarks at the University at Albany, Albany, New York.

Persistent link: https://www.econbiz.de/10009366965

Do Credit Shocks Matter? A Global Perspective

Helbling, Thomas; Kose, M. Ayhan; Otrok, Christopher; … - International Monetary Fund (IMF) - 2010

have a significant impact on the evolution of world growth during global recessions. …

Persistent link: https://www.econbiz.de/10008727795

The Impact of the Great Recessionon Emerging Markets

Salman, Ferhan; Chivakul, Mali; Llaudes, Ricardo - International Monetary Fund (IMF) - 2010

This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater financial and trade linkages. This effect is observed...

Persistent link: https://www.econbiz.de/10008727798

Managing Systemic Banking Crises

Quintyn, Marc; Hoelscher, David S. - International Monetary Fund (IMF) - 2003

Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin American countries occurred within the context of highly dollarized economies, high levels of...

Persistent link: https://www.econbiz.de/10005590869

How Well Do Aggregate Bank Ratios Identify Banking Problems?

Cihák, Martin; Schaeck, Klaus - International Monetary Fund (IMF) - 2007

The paper provides an empirical analysis of aggregate banking system ratios during systemic banking crises. Drawing upon a wide cross-country dataset, we utilize parametric and nonparametric tests to assess the power of these ratios to discriminate between sound and unsound banking systems. We...

Persistent link: https://www.econbiz.de/10005768721

Inside the Crisis; An Empirical Analysis of Banking Systems in Distress

Gupta, Poonam; Demirgüç-Kunt, Asli; Detragiache, Enrica - International Monetary Fund (IMF) - 2000

Using aggregate and bank level data for several countries, the paper studies what happens to the banking system in the aftermath of a banking crisis. Contemporary crises are not accompanied by declines in aggregate bank deposits, and credit does not fall relative to output, although the growth...

Persistent link: https://www.econbiz.de/10005768800

The Real Effect of Banking Crises

Dell'Ariccia, Giovanni; Rajan, Raghuram; Detragiache, Enrica - International Monetary Fund (IMF) - 2005

Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the economy? To answer this question we examine industrial sectors with differing needs...

Persistent link: https://www.econbiz.de/10005769074

What Happens During Recessions, Crunches, and Busts?

Terrones, Marco; Kose, M. Ayhan; Claessens, Stijn - International Monetary Fund (IMF) - 2008

implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts … the severity and duration of recessions. Specifically, we find evidence that recessions associated with credit crunches … and house price busts tend to be deeper and longer than other recessions. JEL Classification Numbers: E32; E44; E51; F42 …

Persistent link: https://www.econbiz.de/10005769300