Banking Policy and Macroeconomic Stability: An Exploration
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Washington, D.C
The World Bank
2002
|
| Schlagwörter: | |
| Links: | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2856 |
| Beschreibung: | Weitere Ausgabe: Caprio, Gerard : Banking Policy and Macroeconomic Stability |
| Umfang: | 1 Online-Ressource (44 Seiten) |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040617492 | ||
| 003 | DE-604 | ||
| 005 | 20241129 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s2002 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093214391 | ||
| 035 | |a (OCoLC)874229932 | ||
| 035 | |a (DE-599)GBVNLM005450543 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Caprio, Gerard |e Verfasser |0 (DE-588)128903163 |4 aut | |
| 245 | 1 | 0 | |a Banking Policy and Macroeconomic Stability |b An Exploration |c Caprio, Gerard |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2002 | |
| 300 | |a 1 Online-Ressource (44 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Weitere Ausgabe: Caprio, Gerard : Banking Policy and Macroeconomic Stability | ||
| 520 | 1 | |a Whether and when does banking serve to stabilize the economy? Caprio and Honohan view the banking system as a filter through which foreign and domestic shocks feed through to the domestic economy. The filter can dampen or amplify the shocks through various credit market channels, including credit growth, import of foreign capital, and possibly interest rates. The question is whether the prudential quality of banking, as proxied by measures of regulatory quality and openness to foreign banking, amplify or dampen these shocks. The authors find that many of the regulatory characteristics that have been found to deepen a financial system and make it more robust to crises—notably those which empower the private sector—also appear to reduce the sector's ability to provide short-term insulation to the macroeconomy. It is as if prudent bankers are reluctant to absorb short-term risks that, if neglected, might cause solvency and growth problems in the longer run. Forbearance might dampen short-term volatility, but at the expense of the longer run health of the banking sector and the economy. One way to avoid this apparent tradeoff is evident: banking systems which have a higher share of foreign-owned banks, a feature already associated with financial deepening and lowered risk of crisis, also seem to score well in terms of short-term macroeconomic insulation. This paper—a joint product of Finance, Development Research Group, and the Financial Sector Strategy and Policy Department—is part of a larger effort in the Bank to analyze bank regulation and supervision. The authors may be contacted at gcaprio@worldbank. org or phonohan@worldbank.org | |
| 534 | |c 2002 | ||
| 653 | |a Bank | ||
| 653 | |a Banking | ||
| 653 | |a Banking Crises | ||
| 653 | |a Banking Sector | ||
| 653 | |a Banking System | ||
| 653 | |a Banking Systems | ||
| 653 | |a Banks | ||
| 653 | |a Banks and Banking Reform | ||
| 653 | |a Capital | ||
| 653 | |a Credit Emerging Markets | ||
| 653 | |a Debt Markets | ||
| 653 | |a Emerging Markets | ||
| 653 | |a Finance | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial Crises | ||
| 653 | |a Financial Deepening | ||
| 653 | |a Financial Intermediation | ||
| 653 | |a Financial Literacy | ||
| 653 | |a Private Sector Development | ||
| 700 | 1 | |a Honohan, Patrick |d 1949- |e Sonstige |0 (DE-588)115487743 |4 oth | |
| 776 | 0 | 8 | |i Reproduktion von |a Caprio, Gerard |t Banking Policy and Macroeconomic Stability |d 2002 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2856 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025444991 | |
Datensatz im Suchindex
| DE-BY-OTHR_katkey | 5050734 |
|---|---|
| DE-BY-TUM_katkey | 1899908 |
| _version_ | 1831256822100525057 |
| adam_text | |
| any_adam_object | |
| author | Caprio, Gerard |
| author_GND | (DE-588)128903163 (DE-588)115487743 |
| author_facet | Caprio, Gerard |
| author_role | aut |
| author_sort | Caprio, Gerard |
| author_variant | g c gc |
| building | Verbundindex |
| bvnumber | BV040617492 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093214391 (OCoLC)874229932 (DE-599)GBVNLM005450543 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040617492</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20241129</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s2002 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093214391</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)874229932</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005450543</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Caprio, Gerard</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)128903163</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Banking Policy and Macroeconomic Stability</subfield><subfield code="b">An Exploration</subfield><subfield code="c">Caprio, Gerard</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2002</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (44 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Weitere Ausgabe: Caprio, Gerard : Banking Policy and Macroeconomic Stability</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">Whether and when does banking serve to stabilize the economy? Caprio and Honohan view the banking system as a filter through which foreign and domestic shocks feed through to the domestic economy. The filter can dampen or amplify the shocks through various credit market channels, including credit growth, import of foreign capital, and possibly interest rates. The question is whether the prudential quality of banking, as proxied by measures of regulatory quality and openness to foreign banking, amplify or dampen these shocks. The authors find that many of the regulatory characteristics that have been found to deepen a financial system and make it more robust to crises—notably those which empower the private sector—also appear to reduce the sector's ability to provide short-term insulation to the macroeconomy. It is as if prudent bankers are reluctant to absorb short-term risks that, if neglected, might cause solvency and growth problems in the longer run. Forbearance might dampen short-term volatility, but at the expense of the longer run health of the banking sector and the economy. One way to avoid this apparent tradeoff is evident: banking systems which have a higher share of foreign-owned banks, a feature already associated with financial deepening and lowered risk of crisis, also seem to score well in terms of short-term macroeconomic insulation. This paper—a joint product of Finance, Development Research Group, and the Financial Sector Strategy and Policy Department—is part of a larger effort in the Bank to analyze bank regulation and supervision. The authors may be contacted at gcaprio@worldbank. org or phonohan@worldbank.org</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">2002</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Bank</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banking</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banking Crises</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banking Sector</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banking System</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banking Systems</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banks</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banks and Banking Reform</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Capital</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Credit Emerging Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Emerging Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Crises</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Deepening</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Intermediation</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Literacy</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Private Sector Development</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Honohan, Patrick</subfield><subfield code="d">1949-</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)115487743</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Caprio, Gerard</subfield><subfield code="t">Banking Policy and Macroeconomic Stability</subfield><subfield code="d">2002</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2856</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025444991</subfield></datafield></record></collection> |
| id | DE-604.BV040617492 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T13:04:50Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025444991 |
| oclc_num | 874229932 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (44 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2002 |
| publishDateSearch | 2002 |
| publishDateSort | 2002 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Caprio, Gerard Banking Policy and Macroeconomic Stability An Exploration |
| title | Banking Policy and Macroeconomic Stability An Exploration |
| title_auth | Banking Policy and Macroeconomic Stability An Exploration |
| title_exact_search | Banking Policy and Macroeconomic Stability An Exploration |
| title_full | Banking Policy and Macroeconomic Stability An Exploration Caprio, Gerard |
| title_fullStr | Banking Policy and Macroeconomic Stability An Exploration Caprio, Gerard |
| title_full_unstemmed | Banking Policy and Macroeconomic Stability An Exploration Caprio, Gerard |
| title_short | Banking Policy and Macroeconomic Stability |
| title_sort | banking policy and macroeconomic stability an exploration |
| title_sub | An Exploration |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2856 |
| work_keys_str_mv | AT capriogerard bankingpolicyandmacroeconomicstabilityanexploration AT honohanpatrick bankingpolicyandmacroeconomicstabilityanexploration |