Results 1 - 10 of 9,849

The Twin Crises: The Causes of Banking and Balance-of-Payments Problems

by Graciela L. Kaminsky, Carmen M. Reinhart
"... In the wake of the Mexican and Asian currency turmoil, the subject of financial crises has come to the forefront of academic and policy discussions. This paper analyzes the links between banking and currency crises. We find that: problems in the banking sector typically precede a currency crisis—the ..."
Abstract - Cited by 913 (27 self) - Add to MetaCart
In the wake of the Mexican and Asian currency turmoil, the subject of financial crises has come to the forefront of academic and policy discussions. This paper analyzes the links between banking and currency crises. We find that: problems in the banking sector typically precede a currency crisis

Non-Monetary Effects of the Financial Crisis

by Ben S. Bernanke, Ben S. Bernanke - in the Propagation of the Great Depression.” American Economic Review 77(3):257–276 , 1983
"... received useful comments from too many people to list here by name, but I am grateful to each of them. The National Science Foundation ..."
Abstract - Cited by 291 (1 self) - Add to MetaCart
received useful comments from too many people to list here by name, but I am grateful to each of them. The National Science Foundation

Deciphering the liquidity and credit crunch 2007-2008

by Markus K. Brunnermeier - Journal of Economic Perspectives , 2009
"... T he financial market turmoil in 2007 and 2008 has led to the most severefinancial crisis since the Great Depression and threatens to have largerepercussions on the real economy. The bursting of the housing bubble forced banks to write down several hundred billion dollars in bad loans caused by mort ..."
Abstract - Cited by 375 (5 self) - Add to MetaCart
T he financial market turmoil in 2007 and 2008 has led to the most severefinancial crisis since the Great Depression and threatens to have largerepercussions on the real economy. The bursting of the housing bubble forced banks to write down several hundred billion dollars in bad loans caused

Corporate governance in the Asian financial crisis

by Simon Johnson, Peter Boone, Alasdair Breach, Eric Friedman , 2000
"... The 'Asian Crisis# of 1997}98 affected all the `emerging markets a open to capital fLows. Measures of corporate governance, particularly the effectiveness of protection for minority shareholders, explain the extent of exchange rate depreciation and stock market decline better than do standard m ..."
Abstract - Cited by 249 (8 self) - Add to MetaCart
The 'Asian Crisis# of 1997}98 affected all the `emerging markets a open to capital fLows. Measures of corporate governance, particularly the effectiveness of protection for minority shareholders, explain the extent of exchange rate depreciation and stock market decline better than do standard

Balance Sheets, The Transfer Problem, and Financial Crisis

by Paul Krugman - International Finance and Financial Crises, Essays in Honor of Robert P , 1999
"... In a world of high capital mobility, the threat of speculative attack becomes a central issue of macroeconomic policy. While “first-generation ” and “second-generation ” models of speculative attacks both have considerable relevance to particular financial crises of the 1990s, a “third-generation ” ..."
Abstract - Cited by 259 (1 self) - Add to MetaCart
In a world of high capital mobility, the threat of speculative attack becomes a central issue of macroeconomic policy. While “first-generation ” and “second-generation ” models of speculative attacks both have considerable relevance to particular financial crises of the 1990s, a “third

Capital Flows and Capital-Markets Crises: The Simple Economics of Sudden Stops

by Guillermo A. Calvo - Journal of Applied Economics , 1998
"... Abstract: The paper studies mechanisms through which a sudden stop in international credit flows may bring about financial and balance of payments crises. It is shown that these crises can occur even though the current account deficit is fully financed by foreign direct investment. However, equity a ..."
Abstract - Cited by 306 (8 self) - Add to MetaCart
Abstract: The paper studies mechanisms through which a sudden stop in international credit flows may bring about financial and balance of payments crises. It is shown that these crises can occur even though the current account deficit is fully financed by foreign direct investment. However, equity

Bank lending during the financial crisis of 2008,"

by Victoria Ivashina , David Scharfstein , Harvard Business School , Nber , Shawn Cole , Gary Gorton , Anil Kashyap , Arvind Krishnamurthy , Hamid Mehran , Jeremy Stein , Amir Sufi - Journal of Financial Economics, , 2010
"... Abstract This paper documents that new loans to large borrowers fell by 37% during the peak period of the financial crisis (September-November 2008) relative to the prior three-month period and by 68% relative to the peak of the credit boom (Mar-May 2007). New lending for real investment (such as c ..."
Abstract - Cited by 159 (2 self) - Add to MetaCart
Abstract This paper documents that new loans to large borrowers fell by 37% during the peak period of the financial crisis (September-November 2008) relative to the prior three-month period and by 68% relative to the peak of the credit boom (Mar-May 2007). New lending for real investment (such

A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis

by Todd Mitton, Sendhil Mullainathan, David Scharfstein, Jeremy Stein For, To Simeon Djankov, Kristin Forbes, Ken French, Kathy Kahle, Grant Mcqueen, Andrei Shleifer, Keith Vorkink, Marc Zenner , 2001
"... In a sample of 398 firms from Indonesia, Korea, Malaysia, the Philippines, and Thailand, firm-level differences in variables related to corporate governance had a strong impact on firm performance during the East Asian financial crisis of 1997 to 1998. Significantly better stock price performance is ..."
Abstract - Cited by 188 (4 self) - Add to MetaCart
In a sample of 398 firms from Indonesia, Korea, Malaysia, the Philippines, and Thailand, firm-level differences in variables related to corporate governance had a strong impact on firm performance during the East Asian financial crisis of 1997 to 1998. Significantly better stock price performance

Ownership structure, corporate governance and firm value: Evidence from the East Asian financial crisis

by Michael L. Lemmon, Karl V. Lins, Ownership Studies, Rick Green, Simon Johnson, Pete Kyle, Todd Mitton - Journal of Finance , 2003
"... We use a sample of 800 firms in eight East Asian countries to study the effect of ownership structure on value during the region’s financial crisis. The crisis negatively impacted firms’ investment opportunities, raising the incentives of controlling shareholders to expropriate minority investors. D ..."
Abstract - Cited by 178 (9 self) - Add to MetaCart
We use a sample of 800 firms in eight East Asian countries to study the effect of ownership structure on value during the region’s financial crisis. The crisis negatively impacted firms’ investment opportunities, raising the incentives of controlling shareholders to expropriate minority investors

The Real Effects of Financial Constraints: Evidence from a Financial Crisis

by Murillo Campello, John R. Graham, Campbell R. Harvey , 2009
"... We survey 1,050 Chief Financial Officers (CFOs) in the U.S., Europe, and Asia to directly assess whether their firms are credit constrained during the global financial crisis of 2008. We study whether corporate spending plans differ conditional on this survey-based measure of financial constraint. O ..."
Abstract - Cited by 141 (8 self) - Add to MetaCart
We survey 1,050 Chief Financial Officers (CFOs) in the U.S., Europe, and Asia to directly assess whether their firms are credit constrained during the global financial crisis of 2008. We study whether corporate spending plans differ conditional on this survey-based measure of financial constraint
Results 1 - 10 of 9,849