banking crises and economic freedom

... Depression, and to all its many associated evils Our purpose in this paper is to compare the banking crises of 1931 and 2008-09, in order to identify similarities and differences, both in the scale and ... School November 2010 Abstract We compare the banking crises in 2008-09 and in the Great Depression, and analyse differences in the policy response to the two crises in light of the prevailing international ... University and the London School of Economics for helpful comments and discussions We would also like to thank Bilyana Bogdanova and Swapan Pradhan for excellent statistical advice and research...

Ngày tải lên: 22/03/2014, 21:20

... report that press freedom, economic freedom and economic development are strongly linked to each other Another interesting data that is revealed by the ranking of Press Freedom and Economic Development ... protect and maintain liberty itself” This definition of economic freedom led to the modification of the ten components as follows: business freedom, trade freedom, monetary freedom, freedom from ... Fernando Lugo will realize A crocodile that falls asleep… The complete ranking of Press Freedom and Economic Development 2008 in Latin America, so to say including press freedom, economic freedom...

Ngày tải lên: 08/03/2014, 05:20

... loans and advances to banks and non-banks and holdings of securities and participations On the liabilities side, the data should mainly relate to deposits and loans received from banks and non-banks ... credits and international loans received and granted and deposits received and made on a trust basis Sale and repurchase transactions (repos) involving the sale of assets (eg securities and gold) ... Switzerland (1977) Cayman Islands (1983) Hong Kong SAR (1983) Netherlands (1977) Turkey (2000) Chile (2002) India (2001) Netherlands Antilles (1983)³ United Kingdom (1977) Chinese Taipei (2000) Ireland...

Ngày tải lên: 22/03/2014, 21:20

... Trade Freedom Fiscal Freedom 122 Government Spending Monetary Freedom Investment Freedom Financial Freedom Property Rights Freedom from Corruption Labor Freedom No 180 (Lowest) The Economic Freedom ... financial and economic crisis that began in 2008 have significantly undermined economic freedom and long-term prospects for economic growth Uncertainties caused by ongoing regulatory changes and politically ... financial freedom, monetary freedom, and property rights Economic freedom has declined in seven of the 10 categories measured in the Index Overall, the U.S suffered the largest decline in economic freedom...

Ngày tải lên: 31/03/2014, 07:20

... that banking crises are a recurrent phenomenon An interesting IMF study back in 1997 identified 112 systemic banking crises in 93 countries and 51 borderline crises in 46 countries between 1975 and ... Banking and Finance 14:69–84 Goodfriend, M., and R G King 1988 Financial deregulation, monetary policy, and central banking In Restructuring Banking and Financial Services in America (ed W Haraf and ... Journal of Money, Credit and Banking 26:439–59 Peek, J., and E Rosengren 1995 Bank capital regulation and the credit crunch Journal of Banking and Finance 19:679–92 Pettway, R H., and J F Sinkey 1980...

Ngày tải lên: 10/08/2014, 07:21

... England Honohan, P., and D Klingebiel 2000 Controlling fiscal costs of banking crises Mimeo, World Bank Kaminsky, G L., and C M Reinhart 1996 The twin crises: the causes of banking and balance-of-payments ... L., and C M Reinhart 1999 The twin crises: the causes of banking and balance-of-payments problems American Economic Review 89:473–500 Lindgren, C J., G Garcia, and M Seal 1996 Bank Soundness and ... theoretical analysis of this was done by Morris and Shin (1998) for currency crises and, later, Rochet and Vives (chapter 2) developed an extension for banking crises But there are other dangers of market...

Ngày tải lên: 10/08/2014, 07:21

... Grossman and Hart (1982) and is followed in Gale and Vives (2002) See also Calomiris and Kahn (1991) and Carletti (1999) i i i i i i “rochet” — 2007/9/19 — 16:10 — page 60 — #72 i 60 i CHAPTER The banking ... Bank of England, Issue 7, pp 151–67 Gale, D., and X Vives 2002 Dollarization, bailouts, and the stability of the banking system Quarterly Journal of Economics 117:467–502 Goldstein, I., and A Pauzner ... i 69 Goodfriend, M., and R G King 1988 Financial deregulation, monetary policy, and central banking In Restructuring Banking and Financial Services in America (ed W Haraf and R M Kushmeider) AEI...

Ngày tải lên: 10/08/2014, 07:21

... Gorton, G., and L Huang 2002a Bank panics and the endogeneity of central banking National Bureau of Economic Research, Working Paper 9102 Gorton, G., and L Huang 2002b Banking panics and the origin ... depositors during banking crises has also been studied For example, Martinez Peria and Schmukler (2001) study the banking crises in Argentina, Chile, and Mexico in 1994–95 and show that depositors ... discussion of the issue and a model of the IMF’s preferred creditor status to mitigate financial crises 24 Memorandum of Understanding between HM Treasury, the Bank of England, and the FSA (Available...

Ngày tải lên: 10/08/2014, 07:21

... Switzerland Furlong, F., and M Keeley 1989 Bank capital regulation and risk taking: a note Journal of Banking and Finance 13:883–91 Gorton, G., and A Santomero 1990 Market discipline and bank ... of Banking and Finance 21:491– 507 Kim, D., and A Santomero 1988 Risk in banking and capital regulation Journal of Finance 43:1219–33 Lindgren, C.-J., G Garcia, and M Saal 1996 Bank Soundness and ... www.house.gov/jec/imf/blueprint.htm.) Calomiris, C 1999 Building and incentive-compatible safety net Journal of Banking and Finance 23:1499–519 Caminal, R., and C Matutes 2002 Market power and banking failures International Journal...

Ngày tải lên: 10/08/2014, 07:21

... Mimeo, London School of Economics Gorton, G 1985 Clearinghouses and the origin of central banking in the United States Journal of Economic History 45:277–83 Hancock, D., and J A Wilcox 1996 Intraday ... caps and fees on daylight overdrafts Journal of Money, Credit and Banking 28(part 2):870–908 Hirschman, A 1970 Exit, Voice and Loyalty Cambridge, MA: Harvard University Press Holmström, B., and ... in Financial Markets: Trends and Prospects OECD Todd, W 1991 Banks are not special: the Federal safety net and banking power In Governing Banking s Future (ed C England), chapter 6, pp 79–105 Boston,...

Ngày tải lên: 10/08/2014, 07:21

... Money, Credit and Banking 28(part 2):696–732 Bhattacharya, S., and P Fulghieri 1994 Uncertain liquidity and interbank contracting Economics Letters 44:287–94 Bhattacharya, S., and D Gale 1987 ... government: central banking and systemic risks in capital markets Journal of Economic Perspectives 3:3–16 Calomiris, C W., and C Khan 1991 The role of demandable debt in structuring optimal banking arrangements ... Monetary Economics 38:101–15 Freeman, S 1996b The payment system, liquidity, and rediscounting American Economic Review 86:1126–38 Freixas, X., and B Parigi 1998 Contagion and efficiency in gross and...

Ngày tải lên: 10/08/2014, 07:21

... Risk-Bearing Amsterdam: NorthHolland Dothan, U., and J Williams 1980 Banks, bankruptcy and public regulation Journal of Banking and Finance 4:65–88 Hart, O D., and D M Jaffee 1974 On the application ... Toulouse) Kim, D., and A M Santomero 1988 Risk in banking and capital regulation Journal of Finance 43:1219–33 Klein, M A 1971 A theory of the banking firm Journal of Money, Credit and Banking 3:205–18 ... intermediaries Review of Economic Studies 41:129–47 Kahane, Y 1977 Capital adequacy and the regulation of financial intermediaries Journal of Banking and Finance 2:207–17 Kareken, J H., and N Wallace 1978...

Ngày tải lên: 10/08/2014, 07:21

... of Banking and Finance 14(1):69–84 Gennotte, G., and D Pyle 1991 Capital controls and bank risk Journal of Banking and Finance 15:805–24 Gropp, R., J Vesala, and G Vulpes 2002 Equity and bond market ... securities, loans, and capital Journal of Banking and Finance 19:661–77 Hellwig, M 1998 Banks, markets, and the allocation of risks in an economy Journal of Institutional and Theoretical Economics 154:328–45 ... banks: risk and uncertainty in an opaque industry American Economic Review 92:874–88 Mullins, H M., and D H Pyle 1994 Liquidation costs and risk-based bank capital Journal of Banking and Finance...

Ngày tải lên: 10/08/2014, 07:21

... that banking crises are a recurrent phenomenon An interesting IMF study back in 1997 identified 112 systemic banking crises in 93 countries and 51 borderline crises in 46 countries between 1975 and ... Banking and Finance 14:69–84 Goodfriend, M., and R G King 1988 Financial deregulation, monetary policy, and central banking In Restructuring Banking and Financial Services in America (ed W Haraf and ... Journal of Money, Credit and Banking 26:439–59 Peek, J., and E Rosengren 1995 Bank capital regulation and the credit crunch Journal of Banking and Finance 19:679–92 Pettway, R H., and J F Sinkey 1980...

Ngày tải lên: 01/11/2014, 19:44

... practices This is the case of economic crises Several previous studies have addressed the relationship between accounting (standards and/ or practices) and economic crises, either questioning the ... the EM behavior, such as human and economic development, economic freedom (Riahi-Belkaoui, 2004); legal system, including the rules and their enforcement (Leuz, Nanda & Wysocki, 2003); cultural ... ARTICLES | Earnings management and economic crises in the Brazilian capital market We justified, therefore, the present study by: a) social relevance of economic crises and the need for research in...

Ngày tải lên: 06/01/2015, 19:48

Ngày tải lên: 04/10/2012, 10:02

... conceptualization of the multiplicity and salience of major challenges to development and security, all of which require political and public awareness and economic resources for timely and efficient policy treatment ... of risks, costs and benefits of handling these hazards using a multicriteria and systems approach towards the setting of policy priorities and resource sharing In addition to and developing from ... ‘long tail’ and intergenerational modes of climate change impact and thus implies special monetary and/ or insurance funds to cover respective costs and expected damage On the other hand, looking...

Ngày tải lên: 07/10/2012, 15:56

... et al (2003) attribute coping capacity and adaptive capacity as separate dimensions of resilience, Smit and Wandel (2006) lump them together To Smit and Wandel (2006), adaptive capacity is equivalent ... learning and the social sources of adaptability, renewal and transformation; and (3) and understanding ENVIRONMENTAL HAZARDS of change and uncertainty as inherent in social-ecological systems ... CCA and DRR merged with insurance schemes could play an important role when discussing financial vulnerability and managing risks for governments and communities Understanding resilience and vulnerability...

Ngày tải lên: 07/10/2012, 15:56

... scholars, and increase collaboration between the young and the seasoned within academic institutions, development and relief organizations and government We see this path, embedded in adaptive and ... P., Pritchard, L and Young, O., 2006 Scale and cross-scale dynamics: governance and ENVIRONMENTAL HAZARDS information in a multilevel world Ecology and Society, 11(2) Coleman, F C and Williams, ... construction Science and Public Policy, 30(4) 235 Helmer, M and Hilhorst, D J M., 2006 Natural disasters and climate change Disasters, 30(1) – Hogarth, R M and Kunreuther, H C., 1985 Ambiguity and insurance...

Ngày tải lên: 07/10/2012, 15:56

... variability in landfalls 3.2 Landfall rates and proportion Table shows for three different periods – 1900 – 2008, 1951–2008 and 1979–2008 – the frequency of annual landfalls in the first and second ... relationships of ENSO, NAO and AMO on landfalling storms and damage (e.g Elsner and Jagger, 2006; Jagger et al., 2008) Elsner and Jagger (2008) find a relationship between the solar cycle and US hurricane ... hurricane season, and in each case predicting landfall numbers to be above average For these three years the number of landfalls was well below the historical mean in 2006 and 2007 and above average...

Ngày tải lên: 07/10/2012, 15:57