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The Breakdown of Credit Relations Under Conditions of a Banking Crisis : A Switching Regime Approach / Sònia Muñoz.
- Format:
- Book
- Government document
- Author/Creator:
- Muñoz, Sònia.
- Series:
- IMF Working Papers; Working Paper ; No. 2000/135
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (24 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2000.
- Language Note:
- English
- Summary:
- This paper empirically analyzes the effects of a banking crisis on bank credit to the private sector for a panel of developing, developed, and transition economies for the period 1970-1998. The model illustrates how the behavior of the bank credit function changes during a banking crisis, reflecting a generalized disruption in the stability of behavioral parameters. Usual links such as interest rate signaling for lending, and synergy between deposits and loans, fall apart. Moreover, this study gives support to Third Generation Models in their ability to predict banking crises. Based on the empirical findings, the paper then provides policy implications for monetary policy.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613797513
- 9781462387229
- 1462387225
- 9781451991451
- 1451991452
- 9781282044371
- 1282044370
- 9781451900873
- 1451900872
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