Cargando…
Central bank involvement in banking crises in Latin America /
This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring cent...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.?] :
International Monetary Fund,
©2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/135. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | EBOOKCENTRAL_ocn252904214 | ||
| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
| 006 | m o d | ||
| 007 | cr unu|||||||| | ||
| 008 | 080918s2008 dcua ob i100 0 eng d | ||
| 040 | |a CUS |b eng |e pn |c CUS |d CUS |d OCLCQ |d IDEBK |d OCLCO |d OCLCA |d EBLCP |d OCLCF |d E7B |d CCO |d OCLCQ |d OCLCO |d YDXCP |d DEBSZ |d OCLCQ |d CUS |d COCUF |d MERUC |d MOR |d PIFPO |d OCLCQ |d ZCU |d OCLCQ |d U3W |d STF |d OCLCA |d NRAMU |d CRU |d ICG |d VTS |d OCLCQ |d CEF |d CUS |d VT2 |d AU@ |d OCLCQ |d WYU |d TKN |d DKC |d OCLCQ |d TUHNV |d OCLCO |d OCLCQ |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 019 | |a 816604667 |a 824161923 |a 961625792 |a 962715651 |a 1044349110 |a 1058111440 | ||
| 020 | |a 1282840878 | ||
| 020 | |a 9781282840874 | ||
| 020 | |a 9781451992335 | ||
| 020 | |a 1451992335 | ||
| 020 | |a 1451914474 | ||
| 020 | |a 9781451914474 | ||
| 024 | 8 | |a 10.5089/9781451914474.001 | |
| 029 | 1 | |a AU@ |b 000053011533 | |
| 029 | 1 | |a AU@ |b 000062517823 | |
| 029 | 1 | |a DEBBG |b BV044066328 | |
| 029 | 1 | |a DEBSZ |b 446049875 | |
| 029 | 1 | |a NZ1 |b 15491568 | |
| 035 | |a (OCoLC)252904214 |z (OCoLC)816604667 |z (OCoLC)824161923 |z (OCoLC)961625792 |z (OCoLC)962715651 |z (OCoLC)1044349110 |z (OCoLC)1058111440 | ||
| 037 | |b 00013468 | ||
| 043 | |a cl----- | ||
| 050 | 4 | |a HG3810 | |
| 072 | 7 | |a KCL |2 bicssc | |
| 082 | 0 | 4 | |a 330.9800411 |2 23 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Jácome, Luis Ignacio, |e author. | |
| 245 | 1 | 0 | |a Central bank involvement in banking crises in Latin America / |c prepared by Luis I. Jácome H. |
| 260 | |a [Washington, D.C.?] : |b International Monetary Fund, |c ©2008. | ||
| 264 | 4 | |c ©2008 | |
| 300 | |a 1 online resource (49 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/08/135 | |
| 500 | |a "May 2008." | ||
| 504 | |a Includes bibliographical references (pages 47-49). | ||
| 520 | 3 | |a This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring central bank money into the financial system generally derailed monetary policy, fueled further macroeconomic unrest, and contributed to simultaneous currency crises, thereby aggravating financial instability. In contrast, when central bank money issuance was restricted and bank resolution was timely executed, financial disturbances were handled with less economic cost. However, this strategy worked provided appropriate institutional arrangements were in place, which highlights the importance of building a suitable framework for preventing and managing banking crises. | |
| 500 | |a Title from PDF title page (viewed September 16, 2008). | ||
| 500 | |a At head of title: Monetary and Capital Markets Department. | ||
| 505 | 0 | |a I. Introduction; II. Taking Stock of Banking Crises in Latin America; A. Defining Banking Crises; B. The Roots of the Crises; C. Some Stylized Macroeconomic Facts Accompanying Banking Crises; III. The Role of Central Banks in Banking Crises in Latin America; A. Intensive Use of Central Bank Money; B. The Role of the Institutional Framework; IV. Macroeconomic Repercussions; A. On Monetary Policy; B. On Macroeconomic Stability; V. Lessons and Concluding Remarks; References; Tables; 1. Banking Crises in Latin America and Relevant Macro-Financial Features. | |
| 505 | 8 | |a 2. Modalities of Monetization of Banking Crises3. Institutional Framework behind Banking Crises in Latin America; 4. Pair-Wise Correlations Between Selected Variables; 5. Monetization of Banking Crises, Inflation, and Economic Growth; Figures; 1. Capital Flows and Banking Crises in Latin America; 2. Financial Reform and Banking Crises in Latin America; 3. Real Effective Exchange Rate and Banking Crises in Latin America; 4. Banking Crises and Real Credit Growth; 5. Large Banking Crises in Latin America-Selected Episodes; 6. Minor and Moderate Banking Crises in Latin America-Selected Episodes. | |
| 505 | 8 | |a 7. Performance of the Money Multiplier in the Midst of Banking Crises in Latin America8. Banking Crises and Central Bank Money; 9. Central Bank Money in Banking Crises and Currency Depreciation; 10. Central Bank Money in Banking Crises and Fall in International Reserves; Boxes; 1. Large ""Monetization"" of Banking Crises in Selected Countries; 2. Effective Episodes of Bank Restructuring and Resolution in Selected Countries; 3. Banking Crises and Monetary Policy; Appendix; I. Sample of Episodes of Banking Crises in Latin America from 1990 to 2006-Stylized Facts and Policy Response. | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Banks and banking, Central |z Latin America. | |
| 650 | 0 | |a Financial crises |z Latin America. | |
| 650 | 0 | |a Monetary policy |z Latin America. | |
| 650 | 6 | |a Banques centrales |z Amérique latine. | |
| 650 | 6 | |a Politique monétaire |z Amérique latine. | |
| 650 | 7 | |a Banks and banking, Central |2 fast | |
| 650 | 7 | |a Financial crises |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 651 | 7 | |a Latin America |2 fast | |
| 710 | 2 | |a International Monetary Fund. |b Monetary and Capital Markets Department. | |
| 758 | |i has work: |a Central bank involvement in banking crises in Latin America (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFxkYjqpC9MhgxjDpxFp6C |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 830 | 0 | |a IMF working paper ; |v WP/08/135. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1605816 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL1605816 | ||
| 938 | |a ebrary |b EBRY |n ebr10369421 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n 284087 | ||
| 938 | |a YBP Library Services |b YANK |n 11618044 | ||
| 994 | |a 92 |b IZTAP | ||