Working papers N° 100: Banking, financial integration, and international crises : an overview
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Working papers N° 100: Banking, financial integration, and international crises : an overview
Autor: Leonardo Hernández , Klaus Schmidt-Hebbel
Description
This paper summarizes new research on the relationship among institutions, financial development, economic growth, financial integration, and the likelihood of boom-bust cycles and banking crises. The first part of the paper reviews issues pertaining mainly to the banking sector, and summarizes new findings regarding banking regulation and supervision and the behavior of depositors and other market participants. New findings on the internationalization of banking, boom-bust cycles and macro-financial linkages during financial integration, the elements of international financial crises, and the role of capital controls to reduce macroeconomic vulnerability are reviewed in the second part of the paper.
Working papers N° 100: Banking, financial integration, and international crises : an overview
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