Systemic Bank Restructuring and Macroeconomic Policy

Systemic Bank Restructuring and Macroeconomic Policy
Author: Mr.William E. Alexander
Publisher: International Monetary Fund
Total Pages: 196
Release: 1997-08-21
Genre: Business & Economics
ISBN: 9781557756657

Edited by William Alexander, Jeffrey M. Davis, Liam P. Ebrill, and Carl-Johan Lindgren, this volume discusses cross-country restructuring experiences building on the foundation laid by its predecessor Band Soundness and Macroeconomic Policy. It discusses broad principles and actions to guide policy makers in restructuring their banking systems.

Financial Sector Crisis and Restructuring

Financial Sector Crisis and Restructuring
Author: Carl-Johan Lindgren
Publisher:
Total Pages: 103
Release: 1999
Genre: Business & Economics
ISBN: 9781557758712

An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Managing Systemic Banking Crises

Managing Systemic Banking Crises
Author: Ms.Marina Moretti
Publisher: International Monetary Fund
Total Pages: 88
Release: 2020-02-11
Genre: Business & Economics
ISBN: 1513512277

This paper updates the IMF’s work on general principles, strategies, and techniques from an operational perspective in preparing for and managing systemic banking crises in light of the experiences and challenges faced during and since the global financial crisis. It summarizes IMF advice concerning these areas from staff of the IMF Monetary and Capital Markets Department (MCM), drawing on Executive Board Papers, IMF staff publications, and country documents (including program documents and technical assistance reports). Unless stated otherwise, the guidance is generally applicable across the IMF membership.

Financial Crises

Financial Crises
Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
Total Pages: 754
Release: 2014-02-19
Genre: Business & Economics
ISBN: 1484355261

The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries, are discussed.

Systemic Banking Crises Database

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

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.

Managing the Sovereign-Bank Nexus

Managing the Sovereign-Bank Nexus
Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
Total Pages: 54
Release: 2018-09-07
Genre: Business & Economics
ISBN: 1484359623

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.

Financial Crises Explanations, Types, and Implications

Financial Crises Explanations, Types, and Implications
Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
Total Pages: 66
Release: 2013-01-30
Genre: Business & Economics
ISBN: 1475561008

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Systemic Risk in the Financial Sector

Systemic Risk in the Financial Sector
Author: Douglas W. Arner
Publisher: Cigi Press
Total Pages: 0
Release: 2019
Genre: Economic policy
ISBN: 9781928096887

The 2008 global financial crisis brought the world's economy closer to collapse than ever before. Has enough been done to prevent another crisis?

Global Financial Stability Report

Global Financial Stability Report
Author: International Monetary Fund Staff
Publisher: International Monetary Fund
Total Pages: 210
Release: 2008-04-08
Genre: Business & Economics
ISBN: 145197941X

The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions. the report assesses the vulnerabilities that the system is facing and offers tentative conclusions and policy lessons. the report reflects information available up to March 21, 2008.

Systemic Banking Crises

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

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.