Financial Crisis Documents

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...

01.10.2012 | C. Mbeng Mezui, S. Nalletamby, H. Kamewe | AfDB

This brief draws from the global database on systemic financial crises to examine the situation in Africa over the period 1970-2009 and inform current effort to strengthen financial systems on the continent. It emphasizes on key factors that have...

16.04.2012 | E. Dabla-Norris, M. Arena, L. Dwight et al. | IMF

This note provides an overview of the literature on the challenges posed by shallow financial systems for macroeconomic policy implementation. Drawing on recent FSAP reports, the note also shows that shallow financial markets tend to increase...

31.03.2012 | World Economic Forum (WEF) | World Economic Forum (WEF)

This report examines innovation in financial services in order to understand how or why it may sometimes contribute to negative outcomes. It acknowledges that some financial innovations were centrally involved in the events leading up to the...

22.02.2012 | M. Fuchs, T. Losse-Mueller, F. Strobbe, et al | The World Bank

This paper focuses primarily on analyzing the potential impact of the European debt crisis on the performance of African financial sectors and the credit intermediation channel. It assesses both how a transmission channel affects the stability and...

01.01.2012 | S. Claessens, N. van Horen | IMF

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. The...

30.11.2011 | H. Aly, M. Strazicich | The Economic Research Forum

This paper utilizes time series tests with structural breaks to test for evidence of an adverse impact on economic growth rates in North African countries following the 2007-2009 global financial crisis and recession. To further examine the impact...

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