Financial Crisis Documents

17.08.2015 | D. Marchettini, R. Maino | IMF

This paper proposes a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools...

10.11.2014 | S. Claessens, N. Van Horen | IMF

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign...

01.10.2014 | D. Anginer, E. Cerutti, M.S Martinez Peria | The World Bank

This paper examines the association between the default risk of foreign bank subsidiaries and their parents during the global financial crisis, with the purpose of understanding what factors can help insulate affiliates from their parents. The...

18.08.2014 | S. Claessens, S.R. Ghosh, R. Mihet | IMF

Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data...

31.07.2014 | P. Calice | The World Bank

This paper uses a panel of annual observations for 198 banks in 19 Middle East and North Africa countries over 2001–12 to develop an early warning system for forecasting bank insolvency based on a multivariate logistic regression framework. The...

01.04.2014 | J.J. Lim, G. Minne | The World Bank

This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank...

30.09.2013 | J. Adams-Kane, J.A. Caballero, J.J. Lim | The World Bank

This paper seeks to contribute to the literature on foreign bank presence in developing countries by asking whether foreign banks do indeed make different credit provision choices when their home economies are undergoing hard times.

31.08.2013 | M. Drehmann, M. Juselius | Bank for International Settlements (BIS)

Early warning indicators (EWIs) of banking crises should ideally be evaluated on the basis of their performance relative to the macroprudential policy maker’s decision problem. The authors translate several practical aspects of this problem – such...

29.07.2013 | L. Brandao-Marques, G. Gelos, N. Melgar | IMF

This paper considers the role of country-level opacity (the lack of availability of information) in amplifying shocks emanating from financial centers.

13.12.2012 | F. Gulcin Ozkan, D. Filiz Unsal | IMF

The paper proposes a two-country Dynamic Stochastic General Equilibrium (DSGE) model to investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world in contrast to existing work on...

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