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Modernizing Bank Regulation in Support of Financial Deepening

Modernizing Bank Regulation in Support of Financial Deepening »

Source: Modernizing Bank Regulation in Support of Financial Deepening : The Case of Uruguay

Volume/Issue: 2009/199

Series: IMF Working Papers

Author(s): Torsten Wezel , Mario Mansilla , and Gustavo Adler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873467

Keywords: Credit growth, regulatory reform, credit, banking, reserve requirements, prudential regulation,

This paper studies how Uruguay's regulatory framework was gradually strengthened to address shortcomings identified during the 2002-03 crisis, to align with international standards and, more recently, to deal with...

Financial Deepening in Mexico1

Financial Deepening in Mexico1 »

Source: Financial Deepening in Mexico

Volume/Issue: 2017/19

Series: IMF Working Papers

Author(s): Alexander Herman , and Alexander Klemm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2017

ISBN: 9781475572926

Keywords: Credit, Mexico, Financial sector, Banks, Credit expansion, Financial intermediation, Business cycles, Mexico; Credit gap; credit growth; financial development.

International comparisons reveal that-even controlling for a host of explanatory factors-credit depth is exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper esti...

Credit Expansion in Emerging Markets

Credit Expansion in Emerging Markets »

Source: Credit Expansion in Emerging Markets : Propeller of Growth?

Volume/Issue: 2015/212

Series: IMF Working Papers

Author(s): Mercedes Garcia-Escribano , and Fei Han

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2015

ISBN: 9781513581927

Keywords: Credit Growth, credit, gdp, consumption, investment, real gdp, Financial Markets and the Macroeconomy, General,

This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country pan...

Real and Financial Vulnerabilities from Crossborder Banking Linkages1

Real and Financial Vulnerabilities from Crossborder Banking Linkages1 »

Source: Real and Financial Vulnerabilities from Crossborder Banking Linkages

Volume/Issue: 2014/136

Series: IMF Working Papers

Author(s): Kyunghun Kim , and Srobona Mitra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2014

ISBN: 9781498369060

Keywords: Network Linkages;, Funding Risks;, Credit Risks;, GDP surprises, banking system, gdp growth, growth rate, Network Linkages, Funding Risks, Credit Risks,

This paper looks at the vulnerabilities stemming from banking sector linkages between countries and their macroeconomic effects. It finds that credit risks (from a banking system's claims on other countries) and fu...

Monetary Transmission in Brazil: Has the Credit Channel Changed?

Monetary Transmission in Brazil: Has the Credit Channel Changed? »

Source: Monetary Transmission in Brazil : Has the Credit Channel Changed?

Volume/Issue: 2013/251

Series: IMF Working Papers

Author(s): Mercedes Garcia-Escribano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2013

ISBN: 9781484312001

Keywords: monetary transmission, credit growth, private banks, central bank, reserve requirements, General,

This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle. The analysis presented uses a panel dataset with information on lending by private banks in Bra...

Credit Cyclicality in Chile

Credit Cyclicality in Chile »

Source: Credit Cyclicality in Chile : A Cross-Country Analysis

Volume/Issue: 2008/55

Series: IMF Working Papers

Author(s): Ludvig Söderling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869170

Keywords: Credit growth, business cycle, panel VAR, terms of trade shocks, trade shocks, financial stability, competitive pressure,

This paper analyzes the determinants of credit cyclicality. It constructs a financial development index and studies whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global...

Aggregate Uncertainty and the Supply of Credit

Aggregate Uncertainty and the Supply of Credit »

Source: Aggregate Uncertainty and the Supply of Credit

Volume/Issue: 2013/241

Series: IMF Working Papers

Author(s): Fabian Valencia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 December 2013

ISBN: 9781475513936

Keywords: Credit Cycles, Credit Crunch, Uncertainty, Self-insurance, real gdp, bank capital, gdp growth, bank capitalization, bank size, General

Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank,...

What Drives Credit Growth in Emerging Asia?

What Drives Credit Growth in Emerging Asia? »

Source: What Drives Credit Growth in Emerging Asia?

Volume/Issue: 2012/43

Series: IMF Working Papers

Author(s): Fei Han , and Selim Elekdag

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936440

Keywords: rapid credit growth, emerging Asia, SVAR, Bayesian estimation, sign restrictions, aggregate demand, domestic monetary policy, inflation, financial stability, What Drives Credit Growth in Emerging Asia?

This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby sho...

Rapid Credit Growth

Rapid Credit Growth »

Source: Rapid Credit Growth : Boon or Boom-Bust?

Volume/Issue: 2011/241

Series: IMF Working Papers

Author(s): Selim Elekdag , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

ISBN: 9781463922627

Keywords: boom-bust cycles, emerging Asia, capital inflows, credit boom, current account deficits, Financial Markets and the Macroeconomy, International Finance: General, Economic Growth of Open Economies,

Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms...

Leaning Against Windy Bank Lending*

Leaning Against Windy Bank Lending* »

Source: Leaning Against Windy Bank Lending

Volume/Issue: 2017/179

Series: IMF Working Papers

Author(s): Giovanni Melina , and Stefania Villa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2017

ISBN: 9781484312674

Keywords: United States, Western Hemisphere, lending relationships, credit growth, leaning against the wind, Bayesian estimation, optimal monetary policy, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments

Using an estimated dynamic stochastic general equilibrium model with banking, this paper first provides evidence that monetary policy reacted to bank loan growth in the US during the Great Moderation. It then shows...