SH Financial Crises UNO

... types of crises: – Banking crises (runs or related difficulties) – Speculative bubbles and crashes (stock markets, real estate) – Currency crises; isolated crises and contagion ♦ Systemic crises: ... of financial crises ♦ Empirical characteristics ♦ Crisis management ♦ Concluding comments SUOMEN PANKKI | FINLANDS BANK | BANK OF FINLAND I Introduction ♦ Financial crises arise wh...

Ngày tải lên: 05/12/2016, 22:06

... Canadian Financial Crises: Stage • Worsening business conditions and uncertainty leads depositors to withdraw their funds • Decreases the number of banks and worsens both adverse selection and moral ... depressed Copyright  2011 9-8 Sequence of Events in the Canadian Financial Crises Copyright  2011 9-9 The Subprime Financial Crisis of 20072008 • Subprime mortgages...

Ngày tải lên: 05/01/2014, 16:56

... Predicting bank performance with financial forecasts: A case of Taiwan commercial banks Journal of Banking and Finance, 28, 2353—2368 Karels, G V — Prakash, A J (1987) Multivariate normality and forecasting ... stochastic DEA Kao and Liu (2004) formulate a DEA model of interval data for use in evaluating the performance of banks Their study makes advance predictions of...

Ngày tải lên: 16/02/2014, 06:20

... available on the Cleveland Fed’s website at: www.clevelandfed.org/research Working Paper 12-14 June 2012 Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record Michael ... Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record By Michael D Bordo and Joseph G Haubrich∗ Jun...

Ngày tải lên: 06/03/2014, 19:20

... Bank of Canada Working Paper 2011-31 December 2011 Do Low Interest Rates Sow the Seeds of Financial Crises? by Simona E Cociuba,1 Malik Shukayev2 and Alexander Ueberfeldt3 1Department of Economics ... taxes otherwise Firms Financial and non…nancial …rms di¤er in the way they are funded, in the types of investments they make and the productivity of these inv...

Ngày tải lên: 15/03/2014, 14:20

... in their price and a real exchange rate depreciation The sudden stop episodes studied include the Latin American debt crises of the 1980s, the Mexican crisis of the first half of the 1990s and the ... calculate the cost of credit for the median firm as the ratio of the real value of interest payments to the real value of the stock of bank...

Ngày tải lên: 15/03/2014, 22:20

... gold standard at all (Spain) or leaving prior to 1931 (Australia and New Zealand); 2) countries abandoning the full gold standard in 1931 (14 countries); 3) countries abandoning the gold standard ... impact of these and other channels on output, we briefly discuss the international incidence of financial crisis during the Depression 2.4 Interwar Banking and Financial Crises Finan...

Ngày tải lên: 22/03/2014, 20:21

... concentrated in agricultural product and land markets These shocks were known to be isolated to particular markets and had especially adverse consequences for borrowers and bankers whose portfolio values ... system and comparative advantage in monitoring and enforcement Notice that there is a subtle difference between the arguments of Calomiris and Kahn (1991) and Gorton (19...

Ngày tải lên: 22/03/2014, 20:21

... result: Optimal Financial Crises 1255 Figure The optimal risk sharing allocation and the optimal deposit contract with runs At date 0, the bank chooses the optimal investment in the safe asset, L, and ... ~but see Bhattacharya and Gale ~1987!, Rochet and Tirole ~1996!, and Bensaid, Pages, and Rochet ~1996!! The history of regulation of the United States’ and other...

Ngày tải lên: 29/03/2014, 18:20

... Financial Crises in Successful Emerging Economies This page intentionally left blank Financial Crises in Successful Emerging Economies Ricardo Ffrench-Davis editor UNITED ... Washington, D.C 20036 Telephone: 800/27 5-1 447 or 202/79 7-6 258 Fax: 202/79 7-6 004 Internet: www.brookings.edu Library of Congress Cataloging -in- Publication data Financial crises in...

Ngày tải lên: 01/11/2014, 18:12