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  • MPI Ethno. Forsch.  (2)
  • 2000-2004  (2)
  • Honohan, Patrick  (2)
  • Washington, D.C : The World Bank  (2)
  • Banks and Banking Reform  (2)
  • 1
    Online-Ressource
    Online-Ressource
    Banking Policy and Macroeconomic Stability : An Exploration (2002)
    Washington, D.C : The World Bank
    Details
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (44 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Caprio, Gerard Banking Policy and Macroeconomic Stability
    Schlagwort(e): Bank ; Banking ; Banking Crises ; Banking Sector ; Banking System ; Banking Systems ; Banks ; Banks and Banking Reform ; Capital ; Credit Emerging Markets ; Debt Markets ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Crises ; Financial Deepening ; Financial Intermediation ; Financial Literacy ; Private Sector Development ; Bank ; Banking ; Banking Crises ; Banking Sector ; Banking System ; Banking Systems ; Banks ; Banks and Banking Reform ; Capital ; Credit Emerging Markets ; Debt Markets ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Crises ; Financial Deepening ; Financial Intermediation ; Financial Literacy ; Private Sector Development ; Bank ; Banking ; Banking Crises ; Banking Sector ; Banking System ; Banking Systems ; Banks ; Banks and Banking Reform ; Capital ; Credit Emerging Markets ; Debt Markets ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Crises ; Financial Deepening ; Financial Intermediation ; Financial Literacy ; Private Sector Development
    Kurzfassung: Whether and when does banking serve to stabilize the economy? Caprio and Honohan view the banking system as a filter through which foreign and domestic shocks feed through to the domestic economy. The filter can dampen or amplify the shocks through various credit market channels, including credit growth, import of foreign capital, and possibly interest rates. The question is whether the prudential quality of banking, as proxied by measures of regulatory quality and openness to foreign banking, amplify or dampen these shocks. The authors find that many of the regulatory characteristics that have been found to deepen a financial system and make it more robust to crises—notably those which empower the private sector—also appear to reduce the sector's ability to provide short-term insulation to the macroeconomy. It is as if prudent bankers are reluctant to absorb short-term risks that, if neglected, might cause solvency and growth problems in the longer run. Forbearance might dampen short-term volatility, but at the expense of the longer run health of the banking sector and the economy. One way to avoid this apparent tradeoff is evident: banking systems which have a higher share of foreign-owned banks, a feature already associated with financial deepening and lowered risk of crisis, also seem to score well in terms of short-term macroeconomic insulation. This paper—a joint product of Finance, Development Research Group, and the Financial Sector Strategy and Policy Department—is part of a larger effort in the Bank to analyze bank regulation and supervision. The authors may be contacted at gcaprioworldbank. org or phonohan@worldbank.org
    URL: Volltext  (Deutschlandweit zugänglich)
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
    BibTip Andere fanden auch interessant ...
    Online-Ressource
    MPI Ethno. Forsch.
  • 2
    Online-Ressource
    Online-Ressource
    Controlling the Fiscal Costs of Banking Crises (2000)
    Washington, D.C : The World Bank
    Details
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (40 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Honohan, Patrick Controlling the Fiscal Costs of Banking Crises
    Schlagwort(e): Bank ; Banking ; Banking Crises ; Banking System ; Banking Systems ; Banks ; Banks and Banking Reform ; Central Banks ; Currencies and Exchange Rates ; Debt Markets ; Deposit Guarantees ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Institutions ; Financial Literacy ; Financial Systems ; Gambling ; Governments ; Inflation ; Liquidation ; Loans ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Real Sector ; Regulatory Forbearance ; Strategies ; Systemic Banking Crises ; Taxation ; Bank ; Banking ; Banking Crises ; Banking System ; Banking Systems ; Banks ; Banks and Banking Reform ; Central Banks ; Currencies and Exchange Rates ; Debt Markets ; Deposit Guarantees ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Institutions ; Financial Literacy ; Financial Systems ; Gambling ; Governments ; Inflation ; Liquidation ; Loans ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Real Sector ; Regulatory Forbearance ; Strategies ; Systemic Banking Crises ; Taxation ; Bank ; Banking ; Banking Crises ; Banking System ; Banking Systems ; Banks ; Banks and Banking Reform ; Central Banks ; Currencies and Exchange Rates ; Debt Markets ; Deposit Guarantees ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Institutions ; Financial Literacy ; Financial Systems ; Gambling ; Governments ; Inflation ; Liquidation ; Loans ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Real Sector ; Regulatory Forbearance ; Strategies ; Systemic Banking Crises ; Taxation
    Kurzfassung: September 2000 - Certain measures add greatly to the fiscal cost of banking crises: unlimited deposit guarantees, open-ended liquidity support, repeated recapitalization, debtor bail-outs, and regulatory forbearance. The findings in this paper tilt the balance in favor of a strict rather than an accommodating approach to crisis resolution. In recent decades, a majority of countries have experienced a systemic banking crisis requiring a major-and expensive-overhaul of their banking system. Not only do banking crises hit the budget with outlays that must be absorbed by higher taxes (or spending cuts), but they are costly in terms of forgone economic output. Many different policy recommendations have been made for limiting the cost of crises, but there has been little systematic effort to see which recommendations work in practice. Honohan and Klingebiel try to quantify the extent to which fiscal outlays incurred in resolving banking distress can be attributed to crisis management measures of a particular kind adopted by the government in the early years of the crisis. They find evidence that certain crisis management strategies appear to add greatly to fiscal costs: unlimited deposit guarantees, open-ended liquidity support, repeated recapitalization, debtor bail-outs, and regulatory forbearance. Their findings clearly tilt the balance in favor of a strict rather than an accommodating approach to crisis resolution. At the very least, regulatory authorities who choose an accommodating or gradualist approach to an emerging crisis must be sure they have some other way to control risk-taking. This paper-a product of Finance, Development Research Group, and Financial Sector Strategy and Policy Department-is part of a larger effort in the Bank to examine the effects of financial sector regulation. The authors may be contacted at phonohanworldbank.org or dklingebiel@worldbank.org
    URL: Volltext  (Deutschlandweit zugänglich)
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
    BibTip Andere fanden auch interessant ...
    Online-Ressource
    MPI Ethno. Forsch.
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