Credit Stagnation In Latin America
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Credit Stagnation In Latin America
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Author : Adolfo Barajas
language : en
Publisher: International Monetary Fund
Release Date : 2002-03
Credit Stagnation In Latin America written by Adolfo Barajas 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 2002-03 with Business & Economics categories.
This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the study of eight countries (Argentina, Bolivia, Brazil, Chile, Colombia, Peru, Mexico, and Venezuela), the magnitude of the slowdown is documented, comparing it to historical behavior and to slowdown episodes in other regions of the world. Second, changes in bank balance sheets are examined to determine whether the credit slowdown is merely a reflection of a slowdown in bank deposits, or whether the asset side has changed. Third, following an econometric disequilibrium approach used in recent studies of credit slowdowns in East Asia and Finland, the paper investigates possible causes for the slowdown in three countries: Colombia, Mexico, and Peru. While both supply and demand factors appear to have played key roles, their relative importance has varied across countries.
Credit Constraints And Investment In Latin America
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Author : Arturo J. Galindo
language : en
Publisher: IDB
Release Date : 2003
Credit Constraints And Investment In Latin America written by Arturo J. Galindo and has been published by IDB this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
Credit Growth In Latin America
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Author : Niels-Jakob Harbo Hansen
language : en
Publisher: International Monetary Fund
Release Date : 2013-05-10
Credit Growth In Latin America written by Niels-Jakob Harbo Hansen 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 2013-05-10 with Business & Economics categories.
Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative of financial deepening or poses risks of credit booms. The strongest credit growth occurred for consumption and mortgages within the household sector and for construction within the corporate sector. At the same time credit has de-dollarized in most countries and there are some signs of maturity lengthening. To assess whether the recent credit growth is excessive two different methods are applied. First, by application of HP-filters the paper finds that credit-to-GDP levels in a number of countries are above their long-term trend. Second, using a panel co-integration approach on 107 high and mid-income countries the paper estimates a model for the credit-to-GDP levels. Comparing the actual levels of credit with the ones predicted by the model we find that some countries in Latin America show significant and positive deviations. These results indicate the existence of a certain level of risk in the recent credit developments.
Credit Growth And The Effectiveness Of Reserve Requirements And Other Macroprudential Instruments In Latin America
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2012-06-01
Credit Growth And The Effectiveness Of Reserve Requirements And Other Macroprudential Instruments In Latin America written by International Monetary Fund 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 2012-06-01 with Business & Economics categories.
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their widespread use, little is known about their effectiveness and how they interact with monetary policy. In this paper, we examine the role of reserve requirements and other macroprudential instruments and report new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments have a moderate and transitory effect and play a complementary role to monetary policy.
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.
Debt And Crisis In Latin America
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Author : Robert Devlin
language : en
Publisher: Princeton University Press
Release Date : 2014-07-14
Debt And Crisis In Latin America written by Robert Devlin and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-14 with Business & Economics categories.
Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Credit Stagnation In Latin America
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Author : Adolfo Barajas
language : en
Publisher: International Monetary Fund
Release Date : 2002
Credit Stagnation In Latin America written by Adolfo Barajas 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 2002 with categories.
Did The Basel Accord Cause A Credit Slowdown In Latin America
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Author : Mr.Adolfo Barajas
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2005-02-01
Did The Basel Accord Cause A Credit Slowdown In Latin America written by Mr.Adolfo Barajas 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 2005-02-01 with Business & Economics categories.
Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for the serious slowdowns in credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do find evidence that loan growth became more sensitive to some risk factors. Our study suggests that the upcoming adoption of Basel II might cause greater procyclicality of credit.
Debt And Development Crises In Latin America
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Author : Stephany Griffith-Jones
language : en
Publisher: Oxford University Press, USA
Release Date : 1986
Debt And Development Crises In Latin America written by Stephany Griffith-Jones and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Debts, External categories.
External debt, debt repayment, economic and social development, economic recession, Latin America - trends, development planning, monetary transfer to developed countries, terms of aid, international monetary system, international monetary reform, aid financing, self reliance, import substitution. Bibliography, statistical tables.
Credit Growth And The Effectiveness Of Reserve Requirements And Other Macroprudential Instruments In Latin America
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Author : Camilo Ernesto Tovar Mora
language : en
Publisher:
Release Date : 2012-06-01
Credit Growth And The Effectiveness Of Reserve Requirements And Other Macroprudential Instruments In Latin America written by Camilo Ernesto Tovar Mora and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-01 with Banking law categories.
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their widespread use, little is known about their effectiveness and how they interact with monetary policy. In this paper, we examine the role of reserve requirements and other macroprudential instruments and report new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments have a moderate and transitory effect and play a complementary role to monetary policy.