Three Essays On Banking Deposit Insurance And Financial Crises
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Three Essays On Banking Deposit Insurance And Financial Crises
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Author : Sungkyu Kwak
language : en
Publisher:
Release Date : 2001
Three Essays On Banking Deposit Insurance And Financial Crises written by Sungkyu Kwak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Essays On Banking Crises And Deposit Insurance
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Author : Wen-Yao Wang
language : en
Publisher:
Release Date : 2010
Essays On Banking Crises And Deposit Insurance written by Wen-Yao Wang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
My research focuses on the reasons for banking crises and the corresponding policy rules that could help prevent such crises. This abstract briefly reviews the two essays in my dissertation. The first essay focuses on the optimal mechanism design of the deposit insurance system while the second essay studies the impact of international illiquidity on domestic banking crises. The Recent Deposit Insurance Reform in the U.S. raised the coverage limit for certain types of deposits. In chapter II, I study the optimal coverage limit in a model of deposit insurance in the banking system. Because of the coverage limit, depositors have incentives to monitor the bank's risk-taking behavior, threatening banks with the withdrawal of deposits if necessary. The model includes risk-taking banks, heterogeneous depositors, and a benevolent insurance company providing deposit insurance. I find that partial coverage combined with risk-sensitive premia in the presence of capital requirements can improve social welfare and manage banks' risktaking behavior. Moreover, when a partial coverage limit is in place, banks are better off by finding a balance between the higher premia and the depositors' monitoring and withdrawals. Unlike chapter II, chapter III focuses on the role played by international illiquidity. I build a dynamic general equilibrium model (DGEM) of a small, open economy. The features I include in the model are nontrivial demands for fiat currencies, unanticipated sunspots, and financial/banking crises originated by sudden stops of foreign capital inflows are. This chapter gives us a better understanding of the performance of alternative exchange rate regimes and associated monetary policies under a simple setup. I show the existence of multiple equilibria that may be ranked based on the presence of binding information constraints and on welfare. Moreover, I show that a strong connection of the scope for existence and for indeterminacy of equilibria with the underlying policy regime. I also find that the presence of binding multiple reserve requirements help in reducing the scope for financial fragility and panic equilibria.
Coping With Financial Crises
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Author : Hugh Rockoff
language : en
Publisher: Springer
Release Date : 2017-11-09
Coping With Financial Crises written by Hugh Rockoff and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-09 with Business & Economics categories.
This edited volume is based on original essays first presented at the World Economic History Conference, Kyoto, Japan, in August 2015. It also includes three essays subsequently written especially for this volume. All of the essays focus on financial markets in the periods leading up to, during, and after financial crises, and all are based on new data and archival research. The essays in this volume enlarge the range of historical evidence on the causes and potential cures for financial crises. While not neglecting the United States or Britain, the usual focus of financial historians, it includes studies of financial markets in times of crisis in Japan, Sweden, France, and other countries to achieve a truly global and historical perspective. As a result of the research reported here the reader will be made aware of several neglected factors that have shaped financial crises including the most recent crisis. These factors are (1) the role played by monetary policy in causing and ameliorating crises, (2) the role played by international contagion in private financial markets in propagating financial crises, (3) the role played by variations in the institutional structures of financial markets in determining the impact of financial crises, and (4) the role played by the social background of the central bankers who must contend with financial crises in determining the final outcome.
Contagion Of Bank Failures Rle Banking Finance
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Author : Sangkyun Park
language : en
Publisher: Routledge
Release Date : 2014-04-16
Contagion Of Bank Failures Rle Banking Finance written by Sangkyun Park and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-16 with Business & Economics categories.
This volume examines the vulnerability of sound banks during financial crises helps understand the nature of financial crises and other banking issues traces the history of banking reform in the United States from 1933 until 1992 discusses deregulation in the US banking system
Three Essays In Financial Liberalization
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Author : Ira Krasteva Petrova
language : en
Publisher:
Release Date : 2004
Three Essays In Financial Liberalization written by Ira Krasteva Petrova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Banks and banking categories.
Deposit Insurance And Crisis Management
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Author : G. G. Garcia
language : en
Publisher: International Monetary Fund
Release Date : 2000-03
Deposit Insurance And Crisis Management written by G. G. Garcia 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 2000-03 with Business & Economics categories.
A well-designed deposit insurance system (DIS) will provide incentives for citizens to keep the financial system sound. However, a poorly designed DIS can foster a financial crisis. This paper, therefore, makes recommendations for creating and running a limited, incentive-compatible, DIS. The paper also examines factors in the decision to grant, temporarily, a comprehensive guarantee, and the design of that guarantee, should a systemic financial crisis nevertheless occur. It concludes with guidance on the removal of that guarantee.
Three Essays In Lending
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Author :
language : en
Publisher:
Release Date : 2012
Three Essays In Lending written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Three Essays On Deposit Insurance
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Author : Marieta Velikova
language : en
Publisher:
Release Date : 2006
Three Essays On Deposit Insurance written by Marieta Velikova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bank insurance categories.
Financial Crises Explanations Types And Implications
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Author : Mr.Stijn Claessens
language : en
Publisher: International Monetary Fund
Release Date : 2013-01-30
Financial Crises Explanations Types And Implications written by Mr.Stijn Claessens 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 2013-01-30 with Business & Economics categories.
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Three Branches Of Theories Of Financial Crises
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Author : Itay Goldstein
language : en
Publisher:
Release Date : 2015-12-15
Three Branches Of Theories Of Financial Crises written by Itay Goldstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-15 with Business & Economics categories.
In this monograph, we review three branches of theoretical literature on financial crises. The first deals with banking crises originating from coordination failures among bank creditors. The second deals with frictions in credit and interbank markets due to problems of moral hazard and adverse selection. The third deals with currency crises. We discuss the evolutions of these branches in the literature, and how they have been integrated recently to explain the turmoil in the world economy during the East Asian crises and in the last few years. We discuss the relation of the models to the empirical evidence and their ability to guide policies to avoid or mitigate future crises.