The Determinants Of Banking Crises Evidence From Industrial And Developing Countries
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The Determinants Of Banking Crises Evidence From Developing And Developed Countries
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Author : Asli Demirgüç-Kunt
language : en
Publisher: World Bank Publications
Release Date : 1997-09-01
The Determinants Of Banking Crises Evidence From Developing And Developed Countries written by Asli Demirgüç-Kunt 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 1997-09-01 with Banks and banking categories.
The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980–94, using a multivariate logit econometric model. the results suggest that crises tend to erupt when the macroeconomic environment is weak, particularly when growth is low and inflation is high. Also, high real interest rates are clearly associated with systemic banking sector problems, and there is some evidence that vulnerability to balance of payments crises has played a role. Countries with an explicit deposit insurance scheme were particularly at risk, as were countries with weak law enforcement.
The Determinants Of Banking Crises
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Author : Asli Demirgüç-Kunt
language : en
Publisher:
Release Date : 2016
The Determinants Of Banking Crises written by Asli Demirgüç-Kunt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Vulnerability to crises in the banking sector appears to be associated with these factors: a weak macroeconomic environment characterized by slow GDP growth and high inflation, vulnerability to sudden capital outflows, low liquidity in the banking sector, a high share of credit to the private sector, past credit growth, the existence of explicit deposit insurance, and weak institutions.In the 1980s and 1990s several countries experienced banking crises. Demirguuml;ccedil;-Kunt and Detragiache try to identify features of the economic environment that tend to breed problems in the banking sector.They do so by econometrically estimating the probability of a systemic crisis, applying a multivariate logit model to data from a large panel of countries, both industrial and developing, for the period 1980-94. Included in the panel as controls are countries that never experienced banking problems.The authors find that crises tend to occur in a weak macroeconomic environment characterized by slow GDP growth and high inflation. When these effects are controlled for, neither the rate of currency depreciation nor the fiscal deficit are significant.Also associated with a higher probability of crisis are vulnerability to sudden capital outflows, low liquidity in the banking sector, a high share of credit to the private sector, and past credit growth.Another factor significantly (and robustly) associated with increased vulnerability in the banking sector is the presence of explicit deposit insurance, suggesting that moral hazard has played a major role.Finally, countries with weak institutions (as measured by a law and order index) are more likely to experience crises.This paper-a product of the Development Research Group, World Bank, and the Research Department, International Monetary Fund-is part of a larger effort to understand the causes of banking crises.
The Determinants Of Banking Crises Evidence From Industrial And Developing Countries
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Author : Asli Demirgüç-Kunt
language : en
Publisher:
Release Date : 1999
The Determinants Of Banking Crises Evidence From Industrial And Developing Countries written by Asli Demirgüç-Kunt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Electronic books categories.
September 1997 Vulnerability to crises in the banking sector appears to be associated with these factors: a weak macroeconomic environment characterized by slow GDP growth and high inflation, vulnerability to sudden capital outflows, low liquidity in the banking sector, a high share of credit to the private sector, past credit growth, the existence of explicit deposit insurance, and weak institutions. In the 1980s and 1990s several countries experienced banking crises. Demirgüç-Kunt and Detragiache try to identify features of the economic environment that tend to breed problems in the banking sector. They do so by econometrically estimating the probability of a systemic crisis, applying a multivariate logit model to data from a large panel of countries, both industrial and developing, for the period 1980-94. Included in the panel as controls are countries that never experienced banking problems. The authors find that crises tend to occur in a weak macroeconomic environment characterized by slow GDP growth and high inflation. When these effects are controlled for, neither the rate of currency depreciation nor the fiscal deficit are significant. Also associated with a higher probability of crisis are vulnerability to sudden capital outflows, low liquidity in the banking sector, a high share of credit to the private sector, and past credit growth. Another factor significantly (and robustly) associated with increased vulnerability in the banking sector is the presence of explicit deposit insurance, suggesting that moral hazard has played a major role. Finally, countries with weak institutions (as measured by a law and order index) are more likely to experience crises. This paper-a product of the Development Research Group, World Bank, and the Research Department, International Monetary Fund-is part of a larger effort to understand the causes of banking crises.
The Determinants Of Banking Crises
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Author : Ms.Enrica Detragiache
language : en
Publisher: International Monetary Fund
Release Date : 1997-09-01
The Determinants Of Banking Crises written by Ms.Enrica Detragiache 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 1997-09-01 with Business & Economics categories.
The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980–94, using a multivariate logit econometric model. The results suggest that crises tend to erupt when the macroeconomic environment is weak, particularly when growth is low and inflation is high. Also, high real interest rates are clearly associated with systemic banking sector problems, and there is some evidence that vulnerability to balance of payments crises has played a role. Countries with an explicit deposit insurance scheme were particularly at risk, as were countries with weak law enforcement.
The Determinants Of Banking Crises
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Author : Demirgüç-Kunt
language : en
Publisher:
Release Date : 2013
The Determinants Of Banking Crises written by Demirgüç-Kunt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Proceedings Of The 2nd Advances In Business Research International Conference
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Author : Fauziah Noordin
language : en
Publisher: Springer
Release Date : 2017-10-17
Proceedings Of The 2nd Advances In Business Research International Conference written by Fauziah Noordin and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-17 with Business & Economics categories.
This book contains the refereed proceedings of the 2nd Advances in Business Research International Conference (ABRIC2016). Chapters in the book address the theme of Advancing Knowledge, Connecting the World, reflecting on the emerging issues in various business management fields and the interconnections of multiple disciplines for creating knowledge advancement. Papers were carefully reviewed and selected and grouped into four main themes: economic and finance, marketing and communications, management, and information technology in business. The book serves as a helpful resource for students and researchers of business management, especially in understanding issues and cases of business in emerging economies and markets.
Banking Crises And Exchange Rate Regimes
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Author : Ilker Domaç
language : en
Publisher: World Bank Publications
Release Date : 2000
Banking Crises And Exchange Rate Regimes written by Ilker Domaç 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 Bank failures categories.
Pursuing a policy of exchange rate stability reduces the probability of banking crises, particularly in developing countries.
Joseph Stiglitz And The World Bank
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Author : Ha-Joon Chang
language : en
Publisher: Anthem Press
Release Date : 2001-07
Joseph Stiglitz And The World Bank written by Ha-Joon Chang and has been published by Anthem Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-07 with Business & Economics categories.
This collection contains nine essays, which provide a diverse but fairly representative selection of Stiglitz's contribution during his time at the World Bank. The essays roughly fall into three groups. The first group, which comprises the first three chapters, is "theoretical". Here Stiglitz's general vision for development and their theoretical underpinnings are spelt out. The second group, deals with the two key events during his time at the World Bank. These were the tenth anniversary of the collapse of communism and the Asian financial crisis The last group of essays, discuss in depth some key themes that he developed while at the World Bank. They are knowledge (and learning), participation, transparency, and economic democracy.
Nber Macroeconomics Annual 1999
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Author : Ben S. Bernanke
language : en
Publisher: MIT Press
Release Date : 2000
Nber Macroeconomics Annual 1999 written by Ben S. Bernanke and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion. The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.
The Impact Of Banking Crises On Money Demand And Price Stability
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Author : Maria Soledad Martinez Peria
language : en
Publisher: World Bank Publications
Release Date : 2000
The Impact Of Banking Crises On Money Demand And Price Stability written by Maria Soledad Martinez Peria 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.
Policymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand during crises can be modeled by the same function used during periods of tranquility. But policymakers should be aware that in some instances crises can give rise to variance instability in the price or inflation equations.