Banking Crises In Latin America In The 1990 S
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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 In The 1990s
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Author : Alicia García-Herrero
language : en
Publisher:
Release Date : 2003
Banking Crises In Latin America In The 1990s written by Alicia García-Herrero and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with 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 temporarely, 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.
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 Fragilities In Latin America
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Author : Ms.Liliana Rojas-Suárez
language : en
Publisher: International Monetary Fund
Release Date : 1995-10-06
Financial 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 1995-10-06 with Business & Economics categories.
By reviewing the experiences of Latin American countries with the restructuring of their financial sectors since 1982, this paper derives lessons regarding the most effective ways to deal with banking difficulties in developing countries. It then discusses whether these lessons have been put into practice during the latest crisis. A sample of five countries - Argentina, Chile, Colombia, Mexico, and Peru - is used for this purpose.
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.
Currency Substitution In Latin America
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Author : Pedro Gomis-Porqueras
language : en
Publisher: World Bank Publications
Release Date : 2000
Currency Substitution In Latin America written by Pedro Gomis-Porqueras 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 2000 with Banks and banking categories.
What causes currency substitution (foreign money substituting for domestic money)? What significance has it had in recent banking crises? And what is the relationship between currency conversion and macroeconmic volatility in Latin America?
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.
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 Banking In Latin America
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Author : Mr.Luis Ignacio Jácome
language : en
Publisher: International Monetary Fund
Release Date : 2015-03-17
Central Banking In Latin America written by Mr.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 2015-03-17 with Business & Economics categories.
This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.
Legal Central Bank Independence And Inflation In Latin America During The 1990s
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Author : Luis Ignacio Jácome
language : en
Publisher: International Monetary Fund
Release Date : 2001-12
Legal Central Bank Independence And Inflation In Latin America During The 1990s 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 2001-12 with Business & Economics categories.
This paper reviews central banks’ legal reform in Latin America during the 1990s and discusses the status of central bank independence in the region. Based on this information, it builds a simplified index of central bank independence which, in addition to the commonly used criteria of political and economic independence, incorporates provisions of central banks’ financial autonomy, accountability, and lender-of-last-resort. The paper finds a moderate negative correlation between increased central bank independence and inflation during 1999–2001 in 14 Latin American countries. Dissagregating the index, the same analysis suggests that economic independence is the key component driving the observed negative correlation between legal central bank independence and inflation.