Banking Crises Liquidity And Credit Lines PDF Download
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| Author | : Gurbachan Singh |
| Publisher | : Routledge |
| Total Pages | : 274 |
| Release | : 2012-06-14 |
| Genre | : Business & Economics |
| ISBN | : 1136342494 |
Download Banking Crises, Liquidity, and Credit Lines Book in PDF, ePub and Kindle
The banking crises in 2007-10 are not exceptional. There have been many such crises in the past in both developed countries and emerging economies. A banking crisis can be related to solvency or liquidity (or both). This book focuses on banking crisis and liquidity. This book starts from basics and gradually builds up with very few technicalities. Though the analysis is primarily theoretical, we provide a historical background, a macroeconomic perspective, and policy implications for both closed and open economies.
| Author | : Gurbachan Singh (Economist) |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2012 |
| Genre | : Financial crises |
| ISBN | : |
Download Banking Crises, Liquidity, and Credit Lines Book in PDF, ePub and Kindle
| Author | : Charles Goodhart |
| Publisher | : OUP Oxford |
| Total Pages | : 570 |
| Release | : 2002-01-17 |
| Genre | : |
| ISBN | : 0191588601 |
Download Financial Crises, Contagion, and the Lender of Last Resort : A Reader Book in PDF, ePub and Kindle
| Author | : Mr.Eugenio Cerutti |
| Publisher | : International Monetary Fund |
| Total Pages | : 59 |
| Release | : 2014-10-16 |
| Genre | : Business & Economics |
| ISBN | : 148436144X |
Download Financial Crises and the Composition of Cross-Border Lending Book in PDF, ePub and Kindle
We examine the composition and drivers of cross-border bank lending between 1995 and 2012, distinguishing between syndicated and non-syndicated loans. We show that on-balance sheet syndicated loan exposures account for almost one third of total cross-border loan exposures during this period. Furthermore, syndicated loan exposures increased during the global financial crisis due to large drawdowns on credit lines extended before the crisis. Our empirical analysis of the drivers of cross-border loan exposures in a large bilateral dataset shows three main results. First, banks with lower levels of capital favor syndicated over other kinds of cross-border loans. Second, borrower country characteristics such as level of development, economic size, and capital account openness, are less important in driving syndicated than non-syndicated loan activity, suggesting a diversification motive for syndication. Third, information asymmetries between lender and borrower countries, which are important both in normal and crisis times, became more binding for both types of cross-border lending activity during the recent crisis.
| Author | : Franklin Allen |
| Publisher | : OUP USA |
| Total Pages | : 718 |
| Release | : 2011-01-13 |
| Genre | : Business & Economics |
| ISBN | : 0195390709 |
Download Liquidity and Crises Book in PDF, ePub and Kindle
One important cause of the 2007-2009 crisis was illiquidity combined with exposure of many financial institutions to liquidity needs. But what is liquidity and why is it so important for financial institutions to command enough liquidity? This book brings together classic articles and recent contributions to this important field.
| Author | : Giovanni Ferri |
| Publisher | : World Bank Publications |
| Total Pages | : 48 |
| Release | : 2001 |
| Genre | : Bancos - Corea |
| ISBN | : |
Download The Value of Relationship Banking During Financial Crises Book in PDF, ePub and Kindle
Relationship banking, with surviving banks, has a positive value during a systemic financial crisis. For many viable small and medium-size businesses in the Republic of Korea, relationship banking reduced liquidity constraints and thus diminished the probability of unwarranted bankruptcy during the country's financial crisis of 1997-98.
| Author | : Simon H. Kwan |
| Publisher | : DIANE Publishing |
| Total Pages | : 43 |
| Release | : 2010-10 |
| Genre | : Business & Economics |
| ISBN | : 1437933807 |
Download Financial Crisis and Bank Lending Book in PDF, ePub and Kindle
Estimates the amount of tightening in bank commercial and industrial (C&I) loan rates during the financial crisis. After controlling for loan characteristics and bank fixed effects, as of 2010:Q1, the average C&I loan spread was 66 basis points or 23 percent above normal. From about 2005 to 2008, the loan spread averaged 23 basis points below normal. Thus, from the unusually loose lending conditions in 2007 to the much tighter conditions in 2010:Q1, the average loan spread increased by about 1 percentage point. The author finds that large and medium-sized banks tightened their loan rates more than small banks; while small banks tended to tighten less, they always charged more. Charts and tables.
| Author | : George Chacko |
| Publisher | : FT Press |
| Total Pages | : 258 |
| Release | : 2011-06-08 |
| Genre | : Business & Economics |
| ISBN | : 0132172984 |
Download The Global Economic System Book in PDF, ePub and Kindle
Written for financial professionals, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.
| Author | : Marc Dobler |
| Publisher | : International Monetary Fund |
| Total Pages | : 63 |
| Release | : 2016-01-22 |
| Genre | : Business & Economics |
| ISBN | : 1513567780 |
Download The Lender of Last Resort Function after the Global Financial Crisis Book in PDF, ePub and Kindle
The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the traditional way of conducting these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this paper we focus on, for the most part, the provision of idiosyncratic support, approaching it from an operational perspective; highlighting different approaches adopted by central banks; and also identifying some of the issues that arose during the GFC.
| Author | : João A. C. Santos |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2020 |
| Genre | : |
| ISBN | : |
Download Bank Syndicates and Liquidity Provision Book in PDF, ePub and Kindle
We provide evidence that credit lines offer liquidity insurance to borrowers. Borrowers are able to extensively use their credit lines in recessions and ahead of credit line cuts. In fact drawdowns and changes in drawdowns predict internal credit rating downgrades and credit line cuts, suggesting substantial liquidity access before credit line cuts. Credit line cuts are concentrated on borrowers who do not use credit lines, and when they occur they still leave borrowers with funds to draw down. Building on this evidence, we develop a model where syndicates faced with liquidity shocks continue to support credit line commitments due to the continuation value of their relationship with borrowers. Our model yields a set of predictions that find support in the data, including the substantial increase in the lead bank's retained loan share and in the commitment fees on the credit lines issued during the financial crisis of 2008-09. Consistent with the model, credit lines with higher expected drawdown rates pay higher commitment fees, and lead banks often increase their credit line investments in response to the failure of syndicate members, reducing borrowers' risk exposure to bank failures.
