Systemic Banking Crises Database

Systemic Banking Crises Database
Title Systemic Banking Crises Database PDF eBook
Author Mr.Luc Laeven
Publisher International Monetary Fund
Pages 33
Release 2012-06-01
Genre Business & Economics
ISBN 1475505051

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We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.

Systemic Financial Crises

Systemic Financial Crises
Title Systemic Financial Crises PDF eBook
Author Patrick Honohan
Publisher Cambridge University Press
Pages 412
Release 2005-09-26
Genre Business & Economics
ISBN 1107320828

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Faced with a systemic financial sector crisis, policymakers need to make difficult choices under pressure. Based on the experience of many countries in recent years, few have been able to achieve a speedy, lasting and low-cost resolution. This volume considers the strengths and weaknesses of the various policy options, covering both microeconomic (including recapitalization of banks, bank closures, subsidies for distressed borrowers, capital adequacy rules and corporate governance and bankruptcy law requirements) and macroeconomic (including monetary and fiscal policy) dimensions. The contributors explore the important but little understood trade-offs that are involved, such as between policies which take effect quickly, those which minimize long-term fiscal and economic costs, and those which create favorable incentives for future stability. Successfully implementing crisis management and crisis resolution policy required attention to detail and a good flow of information.

Systemic Banking Crises

Systemic Banking Crises
Title Systemic Banking Crises PDF eBook
Author Luc Laeven
Publisher International Monetary Fund
Pages 80
Release 2008-09
Genre Business & Economics
ISBN

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We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency debt, especially for firms without foreign currency revenues. As an identification strategy, we exploit, via a difference-in-difference approach, within-country variation in firms' access to foreign currency, measured by whether or not a firm belongs to the nontradables sector. Nontradables firms benefit substantially more from capital account liberalization than others, a finding that is robust to a broad range of alternative specifications.

This Time Is Different

This Time Is Different
Title This Time Is Different PDF eBook
Author Carmen M. Reinhart
Publisher Princeton University Press
Pages 513
Release 2011-08-07
Genre Business & Economics
ISBN 0691152640

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An empirical investigation of financial crises during the last 800 years.

Systemic and Borderline Banking Crises

Systemic and Borderline Banking Crises
Title Systemic and Borderline Banking Crises PDF eBook
Author Irakli Kovzanadze
Publisher iUniverse
Pages 221
Release 2010-09-21
Genre Business & Economics
ISBN 145023061X

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In Systemic and Borderline Banking Crises, a well-respected doctor of economic sciences shares his comprehensive analysis of the genesis and growth of the systemic banking crisis in many countries, providing a useful resource for students, lecturers, and bankers who wish to broaden their study of economics. Irakli Kovzanadze is an economics professor who possesses more than twenty years of professional experience in the banking institutions of Georgia, other post-Soviet countries, and Europe. While presenting a summary of both the theoretical and practical approaches, addressing the causes and progression, and providing ways to forecast and prevent future banking crises, Dr. Kovzanadze delves into a series of related topics including: Types and forms of manifestation Role of monetary and credit policies in averting and overcoming a crisis Systemic banking crises in other countries and transitional economies Function of regulations and how they can create a sustainable banking system Principles of establishing a deposit insurance system in Georgia This study relies on research material reflective of the experiences of different countries and regions of the world to provide not only an in-depth look at Georgias current banking challenges, but also the ways to prevent a future crisis.

Policies for Macrofinancial Stability

Policies for Macrofinancial Stability
Title Policies for Macrofinancial Stability PDF eBook
Author Mr.Bas B. Bakker
Publisher International Monetary Fund
Pages 46
Release 2012-06-07
Genre Business & Economics
ISBN 1475572689

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This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms, drawing upon several country experiences and the findings from econometric analysis.

Some New Directions for Financial Stability?

Some New Directions for Financial Stability?
Title Some New Directions for Financial Stability? PDF eBook
Author Charles Albert Eric Goodhart
Publisher
Pages 46
Release 2004
Genre Banks and banking
ISBN

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