A Credit Crunch A Case Study Of Finland In The Aftermath Of The Banking Crisis

Author : Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 18 pages
File Size : 51,7 Mb
Release : 1996-12-01
Category : Business & Economics
ISBN : 9781451855661

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A Credit Crunch? a Case Study of Finland in the Aftermath of the Banking Crisis by Ceyla Pazarbasioglu Pdf

This paper estimates a disequilibrium model of credit supply and demand to evaluate whether there was a credit crunch in Finland following the banking crisis of 1991-92. Empirical analysis suggests that the marked reduction in bank lending was mainly in reaction to a cyclical decline in credit demand, likely exacerbated by the high level of indebtedness of the borrowers. It also appears that banks became less willing to supply credit during periods associated with a deterioration in asset quality, and reduced profits due to declining regulatory protection from competition, and a need to increase capital adequacy levels.

Author : Peter Nyberg
Publisher : Unknown
Page : 52 pages
File Size : 53,9 Mb
Release : 1993
Category : Electronic
ISBN : IND:30000105861326

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The Finnish Banking Crisis and Its Handling by Peter Nyberg Pdf

Author : Mr.Sami Ben Naceur,Ms.Magda E. Kandil
Publisher : International Monetary Fund
Page : 39 pages
File Size : 50,9 Mb
Release : 2013-07-03
Category : Business & Economics
ISBN : 9781484354476

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Basel Capital Requirements and Credit Crunch in the MENA Region by Mr.Sami Ben Naceur,Ms.Magda E. Kandil Pdf

The 1988 Basel I Accord set the common requirements of bank capital to promote the soundness and stability of the international banking system. The agreement required banks to hold capital in proportion to their perceived credit risks, and this requirement may have caused a “credit crunch,” a significant reduction in the supply of credit. We investigate the direct link between the implementation of the Basel I Accord and lending activities, using a data set spanning annual observations covering 1989–2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a significant increase in credit growth following the implementation of capital regulations, in general. Despite higher capital adequacy ratios, banks expanded credit and asset growth. Credit growth appears to be driven by demand fluctuations attributed to real growth, cost of borrowing, and exchange rate risk. Overall, the effects of macroeconomic variables, in contrast to capital adequacy, appear to be more dominant in determining credit growth, regardless of the capital adequacy ratio, and regardless of variation across banks by nationality, ownership, and listing.

Author : Andres Velasco
Publisher : Brookings Institution Press
Page : 284 pages
File Size : 51,5 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 0815714572

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Economia: Fall 2004: Journal of the Latin American and Caribbean Economic Association by Andres Velasco Pdf

This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers to share high-quality research directly applied to policy issues within and among those countries.Contents Include:• The Impact of the Basel Accord on Bank Credit Growth: A Cross-Country Study Ralph Chami and Adolfo Barajas (IMF) and Thomas Cosimano (University of Notre Dame•Distributional Effects of Crises: The Financial Channel Marina Halac and Sergio L. Schmukler (World Bank)•Growth and Adjustment in East Asia and Latin America José De Gregorio (Banco Central de Chile) and Jong-Wha Lee (Korea University)• Labor Market Adjustment in Chile Kevin Cowan, Alejandro Micco, and Carmen Pages (IADB)•A Menu of Minimum Wage Variables for Evaluating Wage and Employment Effects: Evidence from Brazil Sara Lemos (University of Leicester)

Author : OECD
Publisher : OECD Publishing
Page : 164 pages
File Size : 52,7 Mb
Release : 1998-08-03
Category : Electronic
ISBN : 9789264151475

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OECD Economic Surveys: Finland 1998 by OECD Pdf

This 1998 edition of OECD's periodic review of Finland's economy examines recent economic developments, policies and prospects. It includes special features on structural policies and health care reform.

Author : G. Mavrotas
Publisher : Springer
Page : 286 pages
File Size : 43,6 Mb
Release : 2008-03-27
Category : Business & Economics
ISBN : 9780230594012

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Domestic Resource Mobilization and Financial Development by G. Mavrotas Pdf

This book provides insights into the evolving debate regarding the mobilization of domestic resources and the crucial role that financial development can and should play in this regard, exploring aspects of the financial development–domestic resource mobilization nexus, including country case studies.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 156 pages
File Size : 46,7 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451957112

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.

Author : Mr.Burkhard Drees,Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 52 pages
File Size : 40,5 Mb
Release : 1998-04-20
Category : Business & Economics
ISBN : 1557757003

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The Nordic Banking Crisis by Mr.Burkhard Drees,Ceyla Pazarbasioglu Pdf

This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks inadequate internal risk-management controls.

Author : Stefania P. S. Rossi,Roberto Malavasi
Publisher : Unknown
Page : 128 pages
File Size : 47,9 Mb
Release : 2016
Category : Banks and banking
ISBN : 3319174142

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Financial Crisis, Bank Behaviour and Credit Crunch by Stefania P. S. Rossi,Roberto Malavasi Pdf

This book presents original contributions assessing the effects the 2008 financial crisis has had on bank behaviour, regulation and credit access. After describing some of the economic aspects behind the outbreak and later developments in the recent financial turmoil, it examines the strategic responses of banks, firms and institutions, at both the macro and micro level. In this regard, the book discusses the extent to which policies implemented by governments and monetary authorities encouraged opportunistic behaviour and produced distorted incentives and market failures. Subsequently, it presents various viewpoints on how changes in bank regulations influenced bank lending, bank risk and bank funding sources. Lastly, the book evaluates the impact of the financial crisis on the cost of funding and the shrinking credit supply, examining specific cases at the regional level in Italy.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 120 pages
File Size : 48,7 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451973464

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IMF Staff papers, Volume 44 No. 3 by International Monetary Fund. Research Dept. Pdf

This paper studies the case of Mexico to examine determinants of banking system fragility. The paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic conditions, and potential contagion effects. The methodology allows the variables that determine bank failure to differ from those that influence banks’ time to failure (or survival rate). Based on the indicators of fragility of individual banks, the paper constructs an index of fragility for the banking system. The framework is applied to the Mexican financial crisis that began in 1994.

Author : Mr.Tigran Poghosyan
Publisher : International Monetary Fund
Page : 17 pages
File Size : 45,7 Mb
Release : 2010-11-01
Category : Business & Economics
ISBN : 9781455209569

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Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis by Mr.Tigran Poghosyan Pdf

This paper estimates a disequilibrium model of credit supply and demand to evaluate the relative role of these factors in the slowdown of credit flows in the Jordanian economy in the wake of the global financial crisis. The empirical analysis suggests that the credit stagnation is mainly driven by the restricted credit supply amid tighter monetary policy conditions in Jordan relative to the United States, as evidenced by the widened interest differential between the Central Bank of Jordan (CBJ) re-discount and the U.S. Federal Reserve funds rates. Although it appears that demand side factors related to the slowdown of economic activity have also had an impact, their role has been relatively modest. The estimation results imply that economic policies targeted towards stimulating supply of credit are likely to be a more effective tool for expanding credit flows relative to demand stimulating policies.

Author : Anonim
Publisher : Unknown
Page : 742 pages
File Size : 46,9 Mb
Release : 2012
Category : Finance
ISBN : UCBK:C098788234

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Quarterly Bulletin by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 512 pages
File Size : 46,7 Mb
Release : 1996
Category : Finance
ISBN : UIUC:30112003549232

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IMF Working Paper by Anonim Pdf

Author : Adolfo Barajas,Ralph Chami,Thomas F. Cosimano
Publisher : Unknown
Page : 48 pages
File Size : 43,7 Mb
Release : 2005
Category : Bank capital
ISBN : UCSD:31822030174940

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Did the Basel Accord Cause a Credit Slowdown in Latin America? by Adolfo Barajas,Ralph Chami,Thomas F. Cosimano Pdf

Author : Jaime Reis
Publisher : Routledge
Page : 266 pages
File Size : 49,8 Mb
Release : 2016-04-01
Category : History
ISBN : 9781317050520

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State and Financial Systems in Europe and the USA by Jaime Reis Pdf

During the twentieth century the financial sector became possibly the most regulated area of the economy in many advanced and developing countries. The interwar years represented the defining moment for the escalation of governments' intervention, turning the State into the core of financial systems in its capacity of regulator, supervisor or owner. The essays in this collection shed light on different aspects of the experience of financial regulation, ownership and deregulation in Europe and the USA from a secular historical perspective. The volume's chapters explore how the political economy of finance changed in the nineteenth and twentieth centuries and how such changes were related to shifting attitudes towards globalization. They also investigate how regulation responded to governance problems of financial intermediaries and markets, and how different legal frameworks and institutional architectures influenced such response. The collection engages with a set of issues as diverse as they are interrelated across countries and over time: the regulatory attitude of British authorities toward the banking system and the stock exchange market in the nineteenth and twentieth centuries; the comparative evolution of bankruptcy laws and procedures; the link between state, regulation and governance in the evolution of the US and French financial systems; the emergence of banking regulation and supervision by central banks; the regulation and supervision of international financial markets since the 1950s; and the connection between deregulation and banking crises at the end of the past century. Taken as a whole, the chapters offer an intriguing insight into the differing ways western countries approached and responded to the challenges of the international financial system, and the legacy of this on the modern world. In so doing the volume holds up to historical scrutiny the debate as to whether overt state regulation of financial markets always has a negative affect on economic growth, or whether it can be an essential tool for developing nations in their efforts to expand their economies.