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A U.S. Financial Conditions Index

A U.S. Financial Conditions Index »

Source: A U.S. Financial Conditions Index : Putting Credit Where Credit is Due

Volume/Issue: 2008/161

Series: IMF Working Papers

Author(s): Andrew Swiston

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870190

Keywords: Financial conditions index, credit channel, macro-financial linkages, standards, inflation, long-term interest rates, monetary fund,

This paper uses vector autoregressions and impulse-response functions to construct a U.S. financial conditions index (FCI). Credit availability—proxied by survey results on lending standards—is an imp...

An Investigation of Some Macro-Financial Linkages of Securitization

An Investigation of Some Macro-Financial Linkages of Securitization »

Source: An Investigation of Some Macro-Financial Linkages of Securitization

Volume/Issue: 2009/26

Series: IMF Working Papers

Author(s): Xin Long , Mangal Goswami , and Andreas Jobst

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2009

ISBN: 9781451871739

Keywords: Securitization, structured finance, financial innovation, macro-financial linkages, monetary transmission, credit channel, interest rate channel, bank balance sheet, mortgage, capital market

Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicat...

The Real Effect of Banking Crises

The Real Effect of Banking Crises »

Source: The Real Effect of Banking Crises

Volume/Issue: 2005/63

Series: IMF Working Papers

Author(s): Giovanni Dell'Ariccia , Raghuram Rajan , and Enrica Detragiache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860825

Keywords: bank lending channel, banking, banking crisis, currency crisis, bank lending, Financial Markets and the Macroeconomy,

Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the eco...

Vanishing Contagion?

Vanishing Contagion? »

Source: Vanishing Contagion?

Volume/Issue: 2006/1

Series: IMF Policy Discussion Papers

Author(s): Paolo Mauro , Tatiana Didier , and Sergio Schmukler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451946062

Keywords: Economic integration, Financial crisis, Emerging markets, crises, international integration, international transmission of shocks, contagion, investors, mutual funds, emerging market

While a number of emerging market crises were characterized by widespread contagion during the 1990s, more recent crises (notably, in Argentina) have been mostly contained within national borders. This has led some...

Trade Credit and the Effect of Macro-Financial Shocks

Trade Credit and the Effect of Macro-Financial Shocks »

Source: Trade Credit and the Effect of Macro-Financial Shocks : Evidence From U.S. Panel Data

Volume/Issue: 2003/127

Series: IMF Working Papers

Author(s): Yungsan Kim , and Woon Choi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451855005

Keywords: Trade Credit, Accounts Payable, Accounts Receivable, Credit Channel, Panel Data, retained earnings, external financing, Financial Markets and the Macroeconomy,

Many studies examine why firms are financed by their suppliers, but few empirical studies look at the macroeconomic implications of such financial arrangements. Using disaggregated panel data, we examine how firms...

Heterogeneous Bank Lending Responses to Monetary Policy

Heterogeneous Bank Lending Responses to Monetary Policy »

Source: Heterogeneous Bank Lending Responses to Monetary Policy : New Evidence from a Real-time Identification

Volume/Issue: 2013/118

Series: IMF Working Papers

Author(s): John Bluedorn , Christopher Bowdler , and Christoffer Koch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

ISBN: 9781484356760

Keywords: Monetary Transmission, Lending Channel, Monetary Policy Identification, inflation, holding company, bank holding, Financial Markets and the Macroeconomy, General,

We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending. Using an exogenous policy measure identified from narratives on FOMC intentions and real-time eco...

Did the Basel Accord Cause a Credit Slowdown in Latin America?

Did the Basel Accord Cause a Credit Slowdown in Latin America? »

Source: Did the Basel Accord Cause a Credit Slowdown in Latin America?

Volume/Issue: 2005/38

Series: IMF Working Papers

Author(s): Thomas Cosimano , Ralph Chami , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2005

ISBN: 9781451860573

Keywords: Basel Accord, Capital Channel, banking, deposit insurance, bank loans, Central Banking, and the Supply of Money and Credit, Financial Institutions and Services,

Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for t...

A U.S. Financial Conditions Index
			: Putting Credit Where Credit is Due

A U.S. Financial Conditions Index : Putting Credit Where Credit is Due »

Volume/Issue: 2008/161

Series: IMF Working Papers

Author(s): Andrew Swiston

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

DOI: http://dx.doi.org/10.5089/9781451870190.001

ISBN: 9781451870190

Keywords: Financial conditions index, credit channel, macro-financial linkages, standards, inflation, long-term interest rates, monetary fund,

This paper uses vector autoregressions and impulse-response functions to construct a U.S. financial conditions index (FCI). Credit availability—proxied by survey results on lending standards—is an imp...

An Investigation of Some Macro-Financial Linkages of Securitization

An Investigation of Some Macro-Financial Linkages of Securitization »

Volume/Issue: 2009/26

Series: IMF Working Papers

Author(s): Xin Long , Mangal Goswami , and Andreas Jobst

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2009

DOI: http://dx.doi.org/10.5089/9781451871739.001

ISBN: 9781451871739

Keywords: Securitization, structured finance, financial innovation, macro-financial linkages, monetary transmission, credit channel, interest rate channel, bank balance sheet, mortgage, capital market

Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicat...

The Real Effect of Banking Crises

The Real Effect of Banking Crises »

Volume/Issue: 2005/63

Series: IMF Working Papers

Author(s): Giovanni Dell'Ariccia , Raghuram Rajan , and Enrica Detragiache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

DOI: http://dx.doi.org/10.5089/9781451860825.001

ISBN: 9781451860825

Keywords: bank lending channel, banking, banking crisis, currency crisis, bank lending, Financial Markets and the Macroeconomy,

Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the eco...