Transparency, Liberalization and Banking Crises PDF Download
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Author: Gil Mehrez
Publisher: World Bank Publications
ISBN:
Category : Bank Lending
Languages : en
Pages : 40
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Book Description
"Lack of transparency increases the probability of a banking crisis following financial liberalization. In a country where government policy is not transparent, banks may tend to increase credit above the optimal level"--Cover.
Author: Gil Mehrez
Publisher: World Bank Publications
ISBN:
Category : Bank Lending
Languages : en
Pages : 40
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Book Description
"Lack of transparency increases the probability of a banking crisis following financial liberalization. In a country where government policy is not transparent, banks may tend to increase credit above the optimal level"--Cover.
Author: Asli Demirgüç-Kunt
Publisher: World Bank Publications
ISBN:
Category : Bancos
Languages : en
Pages : 53
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Book Description
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
Author: Mr.Burkhard Drees
Publisher: International Monetary Fund
ISBN: 9781557757005
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks inadequate internal risk-management controls.
Author: B. Drees
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Eric S. Rosengren
Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 30
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Book Description
Author: International Monetary Fund
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Degregulation, boom-bust, cycles, restructuring.
Author: Mr. Burkhard Drees
Publisher: International Monetary Fund
ISBN: 1452764131
Category : Business & Economics
Languages : en
Pages : 49
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Book Description
This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries' financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks' inadequate internal risk-management controls.
Author: Betty C. Daniel
Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 64
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Book Description
Author: John Williamson
Publisher: Princeton University International Finance Section, Department of Econmics
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
Author: Patrick Honohan
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 40
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Book Description
In recent decades, a majority of countries have experienced a systemic banking crisis requiring a major-and expensive-overhaul of their banking system. Not only do banking crises hit the budget with outlays that must be absorbed by higher taxes (or spending cuts), but they are costly in terms of forgone economic output. Many different policy recommendations have been made for limiting the cost of crises, but there has been little systematic effort to see which recommendations work in practice. The authors try to quantify the extent to which fiscal outlays incurred in resolving banking distress can be attributed to crisis management measures of a particular kind adopted by the government in the early years of the crisis. They find evidence that certain crisis management strategies appear to add greatly to fiscal costs: unlimited deposit guarantees, open-ended liquidity support, repeated recapitalization, debtor bail-outs, and regulatory forbearance. Their findings clearly tilt the balance in favor of a strict rather than an accommodating approach to crisis resolution. At the very least, regulatory authorities who choose an accommodating or gradualist approach to an emerging crisis must be sure they have some other way to control risk-taking.
