 | 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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| Are Foreign Banks a 'Safe Haven'? Evidence from Past Banking Crises Author/Editor: Gustavo Adler, Eugenio M Cerutti. Release Date:February, 2015 The presence of foreign banks in emerging markets has increased markedly over the last two decades, raising questions about their potentially stabilizing or destabilizing role during times of more...
| Price: $18.00
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| Financial Crises and the Composition of Cross-Border Lending Author/Editor: Eugenio Cerutti, Galina Hale, Camelia Minoiu. Release Date:October, 2014 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 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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| 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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 | Banks' Foreign Credit Exposures and Borrowers' Rollover Risks Measurement, Evolution and Determinants Author/Editor: Eugenio Cerutti. Release Date:January, 2013 The recent crises highlighted the role of cross-border banking linkages. This paper proposes two new measures for better capturing creditor banking systems’ foreign credit exposures and borrower more...
| Price: $18.00
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| The Need for "Un-consolidating" Consolidated Banks' Stress Tests Author/Editor: Eugenio Cerutti, Christian Schmieder. Release Date:December, 2012 The recent crisis has spurred the use of stress tests as a (crisis) management and early warning tool. However, a weakness is that they omit potential risks embedded in the banking groups’ more...
| Price: $18.00
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| Systemic Risks in Global Banking : What Available Data Can Tell Us and What More Data Are Needed? Author/Editor: Eugenio Cerutti, Patrick M. McGuire, Stijn Claessens. Release Date:September, 2011 The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or asset class can have a sizable impact on the stability of institutions and markets more...
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| Bankers Without Borders? Implications of Ring-Fencing for European Cross-Border Banks Author/Editor: Yuliya Makarova, Anna Ilyina, Christian Schmieder, Eugenio Cerutti. Release Date:November, 2010 This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its more...
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| Bolivia : The Hydrocarbons Boom and the Risk of Dutch Disease Author/Editor: Eugenio Cerutti, Mario Mansilla. Release Date:June, 2008 The hydrocarbons sector has become one of the most dynamic economic activities in the Bolivian economy and the main driver of improved export performance and international reserve accumulation. The more...
| Price: $18.00
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