Results 1 to 10 of about 70 (65)
, 2008 The current global financial crisis grew out of banking losses in the United States related to subprime lending. How well do economists understand the origins of such crises and how they spread? Was this crisis something new or a replay of familiar historical phenomena? Will policy interventions be able to mitigate its costs?
Gerard Caprio, Patrick Honohan
+8 more sources
Banking Crises Without Panics* [PDF]
The Quarterly Journal of Economics, 2020 Abstract We examine historical banking crises through the lens of bank equity declines, which cover a broad sample of episodes of banking distress with and without banking panics. To do this, we construct a new data set on bank equity returns and narrative information on banking panics for 46 countries over the period of 1870 to 2016. We
Baron, Matthew, Verner, Emil, Xiong, Wei
openaire +2 more sources
Booms and Banking Crises [PDF]
Journal of Political Economy, 2016 Banking crises are rare events that break out in the midst of credit-intensive booms and bring about deep and long-lasting recessions. This paper presents a textbook dynamic stochastic general equilibrium model to explain these phenomena. The model features a nontrivial banking sector, where bank heterogeneity gives rise to an interbank market.
Frédéric Boissay +2 more
openaire +1 more source
, 2005 Systemic banking crises can have devastating effects on the economies of developing or industrialized countries. This Policy Discussion Paper reviews the factors that weaken banking systems and make them more susceptible to crises.
Ergungor, Ozgur Emre. +1 more
openaire +1 more source
Banking Crises and the Role of Bank Coalitions [PDF]
SSRN Electronic Journal, 2013 The goal of this paper is to provide a framework to analyze the effectiveness of bank coalition formation in response to an external aggregate shock that may cause disruption to the payment mechanism and real economic activity. I show that the kind of insurance mechanism provided by a specific type of bank coalition allows society to completely prevent
openaire +3 more sources
The Real Effect of Banking Crises [PDF]
IMF Working Papers, 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 for financing.
Giovanni Dell'Ariccia +2 more
openaire +4 more sources
Banking Crises and Bank Rescues: The Effect of Reputation [PDF]
Journal of Money, Credit and Banking, 2000 This paper focuses on bank rescue packages and on the behaviour of troubled banks in light of rescue offers. A puzzling feature of experience with banking crises is that in many cases policy authorities make offers of bank rescue, and banks are relectant to accept these offers.
Corbett, J, Mitchell, J
openaire +4 more sources
Booms and Systemic Banking Crises [PDF]
SSRN Electronic Journal, 2012 The empirical literature on systemic banking crises (SBCs) has shown that SBCs are rare events that break out in the midst of credit intensive booms and bring about particularly deep and long-lasting recessions. We attempt to explain these phenomena within a dynamic general equilibrium model featuring a non-trivial banking sector.
Smets, Frank +2 more
openaire +3 more sources
IMF Lending and Banking Crises [PDF]
IMF Working Papers, 2015 This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score matching estimator.
Luca Papi +2 more
openaire +5 more sources
Bank Crises and Investor Confidence [PDF]
SSRN Electronic Journal, 2009 In addition to their direct effects, episodes of financial instability may decrease investor confidence. Measuring the impact of a crisis on investor confidence is complicated by the fact that it is difficult to disentangle the effects on investor confidence from coincident direct effects of the crisis.
Una Okonkwo Osili, Anna Paulson
openaire +4 more sources