The Use of Blanket Guarantees in Banking Crises
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Laeven, Luc & Valencia, Fabián, 2012. "The use of blanket guarantees in banking crises," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 1220-1248.
References listed on IDEAS
- Mr. Luc Laeven & Mr. Fabian Valencia, 2010. "Resolution of Banking Crises: The Good, the Bad, and the Ugly," IMF Working Papers 2010/146, International Monetary Fund.
- Mariassunta Giannetti & Andrei Simonov, 2013.
"On the Real Effects of Bank Bailouts: Micro Evidence from Japan,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 5(1), pages 135-167, January.
- Giannetti, Mariassunta & Simonov, Andrei, 2009. "On the Real Effects of Bank Bailouts: Micro-Evidence from Japan," CEPR Discussion Papers 7441, C.E.P.R. Discussion Papers.
- Giannetti, Mariassunta & Simonov, Andrei, 2009. "On the Real Effects of Bank Bailouts: Micro-Evidence from Japan," Institutions and Markets Papers 55330, Fondazione Eni Enrico Mattei (FEEM).
- Mariassunta Giannetti & Andrei Simonov, 2009. "On the Real Effects of Bank Bailouts: Micro-Evidence from Japan," Working Papers 2009.103, Fondazione Eni Enrico Mattei.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2001.
"Prospective Deficits and the Asian Currency Crisis,"
Journal of Political Economy, University of Chicago Press, vol. 109(6), pages 1155-1197, December.
- Burnside, Craig & Eichenbaum, Martin & Rebelo, Sérgio, 1998. "Prospective Deficits and the Asian Currency Crises," CEPR Discussion Papers 2015, C.E.P.R. Discussion Papers.
- Burnside, C. & Eichenbaum, M. & Rebelo, S., 1998. "Prospective Deficits and the Asian Currency Crisis," RCER Working Papers 458, University of Rochester - Center for Economic Research (RCER).
- Craig Burnside & Martin S. Eichenbaum & Sergio Rebelo, 1998. "Prospective deficits and the Asian currency crisis," Working Paper Series WP-98-5, Federal Reserve Bank of Chicago.
- Burnside, Craig & Eichenbaum, Martin & Rebelo, Sergi, 1999. "Prospective deficits and the asian currency crisis," Policy Research Working Paper Series 2174, The World Bank.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1998. "Prospective Deficits and the Asian Currency Crisis," NBER Working Papers 6758, National Bureau of Economic Research, Inc.
- Dell'Ariccia, Giovanni & Detragiache, Enrica & Rajan, Raghuram, 2008.
"The real effect of banking crises,"
Journal of Financial Intermediation, Elsevier, vol. 17(1), pages 89-112, January.
- Mr. Giovanni Dell'Ariccia & Raghuram Rajan & Ms. Enrica Detragiache, 2005. "The Real Effect of Banking Crises," IMF Working Papers 2005/063, International Monetary Fund.
- Detragiache, Enrica & Rajan, Raghuram & Dell'Ariccia, Giovanni, 2005. "The Real Effect of Banking Crises," CEPR Discussion Papers 5088, C.E.P.R. Discussion Papers.
- Martin Schneider & Aaron Tornell, 2004.
"Balance Sheet Effects, Bailout Guarantees and Financial Crises,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(3), pages 883-913.
- Martin Schneider & Aaron Tornell, 2000. "Balance SHeet Effects, Bailout Guarantees and Financial Crises," NBER Working Papers 8060, National Bureau of Economic Research, Inc.
- Douglas W. Diamond & Philip H. Dybvig, 2000.
"Bank runs, deposit insurance, and liquidity,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
- Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-419, June.
- Mr. Luis Ignacio Jácome, 2004. "The Late 1990's Financial Crisis in Ecuador: Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work," IMF Working Papers 2004/012, International Monetary Fund.
- Mr. Fabian Valencia & Mr. Luc Laeven, 2008. "Systemic Banking Crises: A New Database," IMF Working Papers 2008/224, International Monetary Fund.
- Peek, Joe & Rosengren, Eric S, 1997.
"The International Transmission of Financial Shocks: The Case of Japan,"
American Economic Review, American Economic Association, vol. 87(4), pages 495-505, September.
- Joe Peek & Eric Rosengren, 1996. "The international transmission of financial shocks: the case of Japan," Working Papers 96-1, Federal Reserve Bank of Boston.
- Joe Peek & Eric S. Rosengren, 1996. "The International Transmission of Financial Shocks: The Case of Japan," Boston College Working Papers in Economics 357, Boston College Department of Economics.
- Mr. Luis Ignacio Jácome, 2008. "Central Bank Involvement in Banking Crises in Latin America," IMF Working Papers 2008/135, International Monetary Fund.
- Demirguc-Kunt, Asli & Detragiache, Enrica, 2002.
"Does deposit insurance increase banking system stability? An empirical investigation,"
Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1373-1406, October.
- Demirguc-Kunt, Asli & Detragiache, Enrica, 1999. "Does deposit insurance increase banking system stability ? An empirical investigation," Policy Research Working Paper Series 2247, The World Bank.
- Asli Demirguc-Kunt & Enrica Detragiache, 2000. "Does Deposit Insurance Increase Banking System Stability? An Empirical Investigation," Econometric Society World Congress 2000 Contributed Papers 1751, Econometric Society.
- Joe Peek & Eric Rosengren, 1999. "Japanese banking problems: implications for lending in the United States," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 25-36.
- Mishkin, Frederic S., 1999.
"Lessons from the Asian crisis,"
Journal of International Money and Finance, Elsevier, vol. 18(4), pages 709-723, August.
- Frederic S. Mishkin, 2000. "Lessons from the Asian Crisis," NBER Working Papers 7102, National Bureau of Economic Research, Inc.
- Bernanke, Ben S, 1983.
"Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression,"
American Economic Review, American Economic Association, vol. 73(3), pages 257-276, June.
- Ben S. Bernanke, 1983. "Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression," NBER Working Papers 1054, National Bureau of Economic Research, Inc.
- Kane, Edward J. & Klingebiel, Daniela, 2004. "Alternatives to blanket guarantees for containing a systemic crisis," Journal of Financial Stability, Elsevier, vol. 1(1), pages 31-63, September.
- Saunders, Anthony & Wilson, Berry, 1996. "Contagious Bank Runs: Evidence from the 1929-1933 Period," Journal of Financial Intermediation, Elsevier, vol. 5(4), pages 409-423, October.
- Mr. Ashoka Mody & Mr. Se-Jik Kim, 2004. "Managing Confidence in Emerging Market Bank Runs," IMF Working Papers 2004/235, International Monetary Fund.
- Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999.
"Paper tigers?: A model of the Asian crisis,"
European Economic Review, Elsevier, vol. 43(7), pages 1211-1236, June.
- Giancarlo Corsetti & Paolo Pesenti & Nouriel Roubini, 1998. "Paper Tigers? A Model of the Asian Crisis," NBER Working Papers 6783, National Bureau of Economic Research, Inc.
- Giancarlo Corsetti & Paolo Pesenti & Nouriel Roubini, 1998. "Paper tigers? A model of the Asian crisis," Research Paper 9822, Federal Reserve Bank of New York.
- Eric S. Rosengren & Joe Peek, 2000. "Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States," American Economic Review, American Economic Association, vol. 90(1), pages 30-45, March.
- Luc Laeven & FabiÁn Valencia, 2013.
"The Real Effects of Financial Sector Interventions during Crises,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 147-177, February.
- Luc Laeven & Fabián Valencia, 2013. "The Real Effects of Financial Sector Interventions during Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 147-177, February.
- Mr. Fabian Valencia & Mr. Luc Laeven, 2011. "The Real Effects of Financial Sector Interventions During Crises," IMF Working Papers 2011/045, International Monetary Fund.
- Michael Bordo & Barry Eichengreen & Daniela Klingebiel & Maria Soledad Martinez-Peria, 2001. "Is the crisis problem growing more severe?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 16(32), pages 52-82.
- Fatih Ozatay & Guven Sak, 2003. "Banking Sector Fragility and Turkey�s 2000�01 Financial Crisis," Working Papers 0308, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Mr. Marc G Quintyn & Mr. David S. Hoelscher, 2003. "Managing Systemic Banking Crises," IMF Occasional Papers 2003/005, International Monetary Fund.
- Gonzalo I. Sanhueza, 2001. "Chilean Banking Crisis of the 1980s: Solutions and estimation of the costs," Working Papers Central Bank of Chile 104, Central Bank of Chile.
- Honohan, Patrick & Klingebiel, Daniela, 2003. "The fiscal cost implications of an accommodating approach to banking crises," Journal of Banking & Finance, Elsevier, vol. 27(8), pages 1539-1560, August.
- Michael W. Klein & Joe Peek & Eric S. Rosengren, 2002.
"Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit,"
American Economic Review, American Economic Association, vol. 92(3), pages 664-682, June.
- Michael Klein & Joe Peek & Eric Rosengren, 2000. "Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit," NBER Working Papers 7845, National Bureau of Economic Research, Inc.
- Michael W. Klein & Joe Peek & Eric Rosengren, 2000. "Troubled banks, impaired foreign direct investment: the role of relative access to credit," Working Papers 00-4, Federal Reserve Bank of Boston.
- Kroszner, Randall S. & Laeven, Luc & Klingebiel, Daniela, 2007.
"Banking crises, financial dependence, and growth,"
Journal of Financial Economics, Elsevier, vol. 84(1), pages 187-228, April.
- Kroszner, Randall & Laeven, Luc & Klingebiel, Daniela, 2006. "Banking Crises, Financial Dependence and Growth," CEPR Discussion Papers 5623, C.E.P.R. Discussion Papers.
- Gorton, Gary, 1985. "Bank suspension of convertibility," Journal of Monetary Economics, Elsevier, vol. 15(2), pages 177-193, March.
- International Monetary Fund, 1996. "Bahamas: Recent Economic Developments," IMF Staff Country Reports 1996/126, International Monetary Fund.
- Klingebiel, Daniela & Kroszner, Randy & Laeven, Luc & van Oijen, Pieter, 2001. "Stock market responses to bank restructuring policies during the East Asian crisis," Policy Research Working Paper Series 2571, The World Bank.
- Demirguc-Kunt, Asli & Huizinga, Harry, 2004. "Market discipline and deposit insurance," Journal of Monetary Economics, Elsevier, vol. 51(2), pages 375-399, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Luc Laeven, 2011. "Banking Crises: A Review," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 17-40, December.
- Luc Laeven & FabiÁn Valencia, 2013.
"The Real Effects of Financial Sector Interventions during Crises,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 147-177, February.
- Luc Laeven & Fabián Valencia, 2013. "The Real Effects of Financial Sector Interventions during Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 147-177, February.
- Mr. Fabian Valencia & Mr. Luc Laeven, 2011. "The Real Effects of Financial Sector Interventions During Crises," IMF Working Papers 2011/045, International Monetary Fund.
- Bordo, M.D. & Meissner, C.M., 2016.
"Fiscal and Financial Crises,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 355-412,
Elsevier.
- Michael D. Bordo & Christopher M. Meissner, 2016. "Fiscal and Financial Crises," NBER Working Papers 22059, National Bureau of Economic Research, Inc.
- Stijn Claessens & M. Ayhan Kose, 2013.
"Financial Crises: Explanations, Types and Implications,"
CAMA Working Papers
2013-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
- Mr. Stijn Claessens & Mr. Ayhan Kose, 2013. "Financial Crises Explanations, Types, and Implications," IMF Working Papers 2013/028, International Monetary Fund.
- Mr. Fabian Valencia, 2008. "Banks’ Precautionary Capital and Persistent Credit Crunches," IMF Working Papers 2008/248, International Monetary Fund.
- Luc Laeven & Fabian Valencia, 2020.
"Systemic Banking Crises Database II,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 307-361, June.
- Luc Laeven & Fabián Valencia, 2013. "Systemic Banking Crises Database," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(2), pages 225-270, June.
- Korte, Josef, 2015. "Catharsis—The real effects of bank insolvency and resolution," Journal of Financial Stability, Elsevier, vol. 16(C), pages 213-231.
- Grodecka-Messi, Anna & Kenny, Seán & Ögren, Anders, 2021.
"Predictors of bank distress: The 1907 crisis in Sweden,"
Explorations in Economic History, Elsevier, vol. 80(C).
- Grodecka, Anna & Kenny, Seán & Ögren, Anders, 2018. "Predictors of Bank Distress:The 1907 Crisis in Sweden," Working Paper Series 358, Sveriges Riksbank (Central Bank of Sweden).
- Grodecka, Anna & Kenny, Seán & Ögren, Anders, 2018. "Predictors of Bank Distress: The 1907 Crisis in Sweden," Lund Papers in Economic History 180, Lund University, Department of Economic History.
- Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
- Levintal, Oren, 2013. "The real effects of banking shocks: Evidence from OECD countries," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 556-578.
- Demirgüç-Kunt, Asli & Detragiache, Enrica, 2005.
"Cross-Country Empirical Studies of Systemic Bank Distress: A Survey,"
National Institute Economic Review, National Institute of Economic and Social Research, vol. 192, pages 68-83, April.
- Asli Demirgüç-Kunt & Enrica Detragiache, 2005. "Cross-Country Empirical Studies of Systemic Bank Distress: A Survey," National Institute Economic Review, National Institute of Economic and Social Research, vol. 192(1), pages 68-83, April.
- Asli Demirgüç-Kunt & Ms. Enrica Detragiache, 2005. "Cross-Country Empirical Studies of Systemic Bank Distress: A Survey," IMF Working Papers 2005/096, International Monetary Fund.
- Demirguc-Kunt, Asli & Detragiache, Enrica, 2005. "Cross-country empirical studies of systemic bank distress : a survey," Policy Research Working Paper Series 3719, The World Bank.
- Una Okonkwo Osili & Anna L. Paulson, 2008.
"Bank crises and investor confidence,"
Working Paper Series
WP-08-17, Federal Reserve Bank of Chicago.
- Una Okonkwo Osili & Anna Paulson, 2009. "Bank Crises and Investor Confidence," Working Papers 09-02, Center for Economic Studies, U.S. Census Bureau.
- Una Okonkwo Osili & Anna Paulson, 2009. "Bank Crises and Investor Confidence," NFI Working Papers 2009-WP-01, Indiana State University, Scott College of Business, Networks Financial Institute.
- Mr. Giovanni Dell'Ariccia & Caio Ferreira & Nigel Jenkinson & Mr. Luc Laeven & Alberto Martin & Ms. Camelia Minoiu & Alex Popov, 2018.
"Managing the Sovereign-Bank Nexus,"
IMF Departmental Papers / Policy Papers
2018/016, International Monetary Fund.
- Dell'Ariccia, Giovanni & Ferreira, Caio & Jenkinson, Nigel & Laeven, Luc & Martin, Alberto & Minoiu, Camelia & Popov, Alexander, 2018. "Managing the sovereign-bank nexus," Working Paper Series 2177, European Central Bank.
- Hoffmann, Mathias & Okubo, Toshihiro, 2022.
"‘By a silken thread’: Regional banking integration and credit reallocation during Japan's lost decade,"
Journal of International Economics, Elsevier, vol. 137(C).
- Mathias Hoffmann & Toshihiro Okubo, 2012. "'By a Silken Thread': regional banking integration and credit reallocation during Japan’s Lost Decade," ECON - Working Papers 102, Department of Economics - University of Zurich, revised May 2021.
- Mr. Luc Laeven & Mr. Fabian Valencia, 2018. "Systemic Banking Crises Revisited," IMF Working Papers 2018/206, International Monetary Fund.
- Cubillas, Elena & Fonseca, Ana Rosa & González, Francisco, 2012. "Banking crises and market discipline: International evidence," Journal of Banking & Finance, Elsevier, vol. 36(8), pages 2285-2298.
- Bruce N. Lehmann & David M. Modest, 1985. "The Empirical Foundations of the Arbitrage Pricing Theory I: The Empirical Tests," NBER Working Papers 1725, National Bureau of Economic Research, Inc.
- Osili, Una Okonkwo & Paulson, Anna, 2014. "Crises and confidence: Systemic banking crises and depositor behavior," Journal of Financial Economics, Elsevier, vol. 111(3), pages 646-660.
- Asli Demirgüç-Kunt & Luis Servén, 2010.
"Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies,"
The World Bank Research Observer, World Bank, vol. 25(1), pages 91-124, February.
- Demirguc-Kunt, Asli & Serven, Luis, 2009. "Are all the sacred cows dead ? implications of the financial crisis for macro and financial policies," Policy Research Working Paper Series 4807, The World Bank.
- Ongena, Steven & Peydró, José-Luis & Horen, Neeltje van, 2015.
"Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 63(4), pages 698-750.
- Ongena, S. & Peydro, J.L. & van Horen, N., 2013. "Shocks Abroad, Pain at Home? Bank-firm Level Evidence on the International Transmission of Financial Shocks," Other publications TiSEM 74a6ead6-0e8d-4843-91c0-0, Tilburg University, School of Economics and Management.
- Ongena, S. & Peydro, J.L. & van Horen, N., 2013. "Shocks Abroad, Pain at Home? Bank-firm Level Evidence on the International Transmission of Financial Shocks," Discussion Paper 2013-040, Tilburg University, Center for Economic Research.
- Ongena, S. & Peydro, J.L. & van Horen, N., 2013. "Shocks Abroad, Pain at Home? Bank-firm Level Evidence on the International Transmission of Financial Shocks," Other publications TiSEM 9f253c47-adc4-43bf-873b-3, Tilburg University, School of Economics and Management.
- Steven Ongena & José-Luis Peydró & Neeltje van Horen, 2014. "Shocks abroad, pain at home? Bank-firm level evidence on the international transmission of financial shocks," Economics Working Papers 1702, Department of Economics and Business, Universitat Pompeu Fabra.
More about this item
Keywords
WP; liquidity support; bank; guarantee;All these keywords.
JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2008/250. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.