 | How Important is the Global Financial Cycle? Evidence from Capital Flows Author/Editor: Eugenio M Cerutti, Stijn Claessens, Andrew K Rose. Release Date:September, 2017 This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows.
We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5
for 85 more...
| Price: $18.00
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| Push Factors and Capital Flows to Emerging Markets : Why Knowing Your Lender Matters More Than Fundamentals Author/Editor: Eugenio Cerutti, Stijn Claessens, Damien Puy. Release Date:June, 2015 This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs).We first confirm that aggregate inflows to EMs co-move considerably. We then report threefindings: (i) the more...
| Price: $18.00
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| The Use and Effectiveness of Macroprudential Policies: New Evidence Author/Editor: Eugenio Cerutti, Stijn Claessens, Luc Laeven. Release Date:March, 2015 Using a recent IMF survey and expanding on previous studies, we document the use of
macroprudential policies for 119 countries over the 2000-13 period, covering many
instruments. more...
| Price: $18.00
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| An Overview of Macroprudential Policy Tools Author/Editor: Stijn Claessens. Release Date:December, 2014 Macroprudential policies – caps on loan to value ratios, limits on credit growth and other balance sheets restrictions, (countercyclical) capital and reserve requirements and surcharges, and more...
| Price: $18.00
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| The Impact of the Global Financial Crisis on Banking Globalization Author/Editor: Stijn Claessens, Neeltje van Horen. Release Date:October, 2014 Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownershipdatabase from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. more...
| Price: $18.00
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| The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions Author/Editor: Eugenio Cerutti, Stijn Claessens. Release Date:September, 2014 International banks greatly reduced their direct cross-border and local affiliates’ lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government more...
| Price: $18.00
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| Macro-Prudential Policies to Mitigate Financial System Vulnerabilities Author/Editor: Stijn Claessens, Swati R. Ghosh, Roxana Mihet. Release Date:August, 2014 Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy more...
| Price: $18.00
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| Global Liquidity and Drivers of Cross-Border Bank Flows Author/Editor: Eugenio Cerutti, Stijn Claessens, Lev Ratnovski. Release Date:April, 2014 This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in international financial markets. Using a longer time series and broader sample of more...
| Price: $18.00
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| The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions Author/Editor: Stijn Claessens, Laura E. Kodres. Release Date:March, 2014 We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide more...
| Price: $18.00
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 | Financial Crises : Causes, Consequences, and Policy Responses Author/Editor: Stijn Claessens, Ayhan Kose, Luc Laeven, Fabian Valencia. Release Date:February, 2014 The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, more...
| Price: $40.00
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