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Evidence From Developing and Developed Countries
The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980...
A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe
Several countries in Central, Eastern and Southeastern Europe used a rich set of prudential instruments in response to last decade’s credit and hous...
Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential policy. The Basel Credit Gap (...
The paper investigates EU banks’ profitability through the recent financial cycle using banklevel balance sheet and income statement data. We find t...
Some Analytical Issues
Features the full text of "Liberalizing Capital Movements: Some Analytical Issues," published by the International Monetary Fund. Discusses the growth...
In 2003–05, Germany undertook extensive labor market reforms which were followed by a large and persistent decline in unemployment. Key elements of ...
A hypothetical European Minimum Wage (MW) set at 60 percent of each country’s median wage would reduce in-work poverty but have limited effects on o...
Economic Challenges
Against the background of political turmoil in the Middle-East, Europe faces an unprecedented surge in asylum applications. In analyzing the economic ...
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the instit...
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Theoretical and Practical Aspects
Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all co...
Compliance with Basel Core Principles and Bank Soundness
This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCPs) improves bank soundness. The authors fin...
The brain drain from developing countries has been lamented for many years, but knowledge of the empirical magnitude of the phenomenon is scant owing ...
Lessons From the Financial Crisis
Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during the financial crisis. We diffe...
A Multivariate Logit Approach
This paper explores how a multivariate logit empirical model of banking crisis probabilities can be used to monitor banking sector fragility. The prop...
Lessons From Cross-Country Evidence
A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the banking system. Do crisis respo...
Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending-...
An Empirical Analysis of Banking Systems in Distress
Using aggregate and bank level data for several countries, the paper studies what happens to the banking system in the aftermath of a banking crisis. ...
Greece, Ireland, Italy and Portugal
This paper compares the experience with exchange-rate–based stabilization (ERBS) of four Western European countries with that of high-inflation deve...
Does Compliance Matter?
This paper studies whether compliance with the Basel Core Principles for effective banking supervision (BCPs) is associated with bank soundness. Using...