Commercial bank failures during The Great Recession: the
real (estate) story BIS (2015-12-01)
The primary driver of
commercial bank failures during the Great Recession was exposure to the real
estate sector, not aggregate funding strains. The main "toxic" exposure was
credit to non-household real estate borrowers, not trad .. more |
How Do Public Debt Cycles Interact with Financial Cycles? IMF
(2015-12-01)
We employ a duration model to study determinants of public
debt cycles in 57 advanced and emerging economies over the 1960-2014 period,
with a particular focus on the impact of financial cycles. The results suggest
that the associ .. more |
Managing Capital Flows in Asia: An Overview of Key Issues ADB
(2015-12-01)
Global capital flows into emerging markets, including those
in Asia, continue to be volatile, generating both benefits and costs. The latter
are associated with episodes of currency and banking crises like the 1997 Asian
fina .. more | |