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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 |
Tabla de Contenidos:
- 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.
- 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.
- 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.