Banking Crises In Latin America
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Banking Crises In Latin America
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Author : Ricardo Hausmann
language : en
Publisher: IDB
Release Date : 1996
Banking Crises In Latin America written by Ricardo Hausmann and has been published by IDB this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Banking crises occur in both industrial and developing countries, but in Latin America they last longer, affect a larger segment of the banking industry and cost the public more. In Banking Crises in Latin America, distinguished policymakers, academicians and bankers examine the main causes of such crises, how governments can manage them more effectively, and how they can be prevented. The six sections of the book focus on the salient features of Latin American banking systems, the macroeconomic causes of banking crises, the microeconomic factors leading to bank difficulties, and the particular constraints that make the management of banking crises more complicated in Latin America than in industrial countries. Policy recommendations at both the macro- and microeconomic level aim to improve the resilience of banking systems to unanticipated shocks. The last section of the book turns the focus to experiences of individual countries. Contributors include Eduardo Aninat, Guillermo Calvo, Michel Camdessus, Sebastian Edwards, Enrique Iglesias, Lawrence Summers and Paul Volcker.
Banking Crises In Latin America
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Author : Liliana Rojas-Suarez
language : en
Publisher:
Release Date : 2008
Banking Crises In Latin America written by Liliana Rojas-Suarez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper argues that the experiences with banking crises in Latin America have been different from those in the industrial world because of the peculiarities of Latin American financial systems. Hence, applying the lessons derived from crisis resolution in the industrial world is not sufficient to deal with banking problems in the region; it must be augmented by the unique experiences of Latin American regulators if future crises in the region are to be managed or avoided. Section II discusses the features of Latin American financial systems that distinguish them from those in the industrial world. Section III discusses how the fragility of these systems contributes to the relative severity of banking crises in the region. The evidence in Section IV suggests that while crises have occurred under both policy regimes, highly regulated regimes have been characterized by a greater volatility in financial markets than more liberal policy environments. Section V considers the phenomenon that often supervisors in Latin America rely more heavily on reserve requirements than on supervision of individual banks to control the growth of risky bank credit. Because high reserve requirements impose costs on both strong and weak banks, these measures should be applied only until the conditions for strong supervision are present. Section VI discusses some policy options for reducing financial market fragility.
Preventing Banking Sector Distress And Crises In Latin America
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Author : Suman K. Bery
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Preventing Banking Sector Distress And Crises In Latin America written by Suman K. Bery and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
World Bank Technical Paper No. 361. Education has emerged as an essential component of the transition to a market economy in Central and Eastern Europe. Although the countries of the region inherited broadly accessible education systems, the legacies of central planning have constrained the systems from fully adjusting to market economies. This study examines empirical trends in access to and financing of education in nine Central and East European countries by drawing on the findings of a World Bank project that examined the social risks facing people and the policy responses taken by governments since 1989. Chapters address access and participation, the labor market, financing, and staff in the education sector.
Banking Crises In Latin America In The 1990 S
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Author : Ms.Alicia García-Herrero
language : en
Publisher: International Monetary Fund
Release Date : 1997-10-01
Banking Crises In Latin America In The 1990 S written by Ms.Alicia García-Herrero and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-10-01 with Business & Economics categories.
Recent banking crises in Argentina, Paraguay, and Venezuela suggest that the macroeconomic impact is influenced by the causes of the crisis, the exchange rate regime, the degree of dollarization, and the structure of the banking system. Crises stemming from both macroeconomic and bank-specific causes had the largest macroeconomic impact. Countries with high dollarization and a large share of foreign and government-owned banks maintained a more stable deposit base, at least temporarily, by shifting to dollar-denominated deposits and foreign and government-owned banks. Countries that responded with a rapid, consistent, and comprehensive policy response reduced the negative macroeconomic consequences of their crises.
Banking Crises In Latin America
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Author :
language : en
Publisher:
Release Date : 1996
Banking Crises In Latin America written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Central Bank Involvement In Banking Crises In Latin America
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Author : Luis Ignacio Jácome
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2008-05-01
Central Bank Involvement In Banking Crises In Latin America written by Luis Ignacio Jácome and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-05-01 with categories.
This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring central bank money into the financial system generally derailed monetary policy, fueled further macroeconomic unrest, and contributed to simultaneous currency crises, thereby aggravating financial instability. In contrast, when central bank money issuance was restricted and bank resolution was timely executed, financial disturbances were handled with less economic cost. However, this strategy worked provided appropriate institutional arrangements were in place, which highlights the importance of building a suitable framework for preventing and managing banking crises.
Financial Market Fragilities In Latin America
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Author : Ms.Liliana Rojas-Suárez
language : en
Publisher: International Monetary Fund
Release Date : 1994-10-01
Financial Market Fragilities In Latin America written by Ms.Liliana Rojas-Suárez and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-10-01 with Business & Economics categories.
This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to resolve banking difficulties in developing countries. Second, the paper analyzes current policy challenges associated with the health of financial systems in Latin America, including: (a) designing policies to respond to the recent large inflows of capital that maintain long-run macroeconomic stability and healthy financial systems; and (b) evaluating the impact of capital markets competition on the soundness of banking systems.
Central Bank Involvement In Banking Crises In Latin America
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Author :
language : en
Publisher:
Release Date : 2006
Central Bank Involvement In Banking Crises In Latin America written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Managing Financial Crises
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Author : Mr.Charles Collyns
language : en
Publisher: International Monetary Fund
Release Date : 2003-04-10
Managing Financial Crises written by Mr.Charles Collyns and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-04-10 with Business & Economics categories.
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.
Financial Vulnerability Spillover Effects And Contagion
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Author : Guillermo Perry
language : en
Publisher: World Bank Publications
Release Date : 1998-01-01
Financial Vulnerability Spillover Effects And Contagion written by Guillermo Perry and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.
There is already a large and growing literature about the financial crises affecting several former star economic performers in Asia. Some analysis have focused on the mismanagement of the structure of foreign debt and economic policies, while others have focused on weaknesses ingrained in the domestic financial and banking sectors of these economies. This paper attempts to reconcile these alternative explanations in a simple framework, where the causes and symptoms of "financial vulnerability" are distinguished.