The real effect of banking crises: Finance or asset allocation effects? Some international evidence

Fernández, Ana Isabel; González, Francisco; Suárez, Nuria

doi:10.1016/j.jbankfin.2013.02.012

Cited by 24 publications

(12 citation statements)

References 31 publications

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“…In addition, Kroszner et al () show that banking crises have a stronger adverse effect on growth in countries with more developed banking systems. Fernández et al () find that one of the most harmful aspects of a banking crisis is a reduction in the funds provided by banks—i.e. the ‘finance effect’.…”

Section: Literature Reviewmentioning

confidence: 99%

Recovery from the Asian financial crisis: the importance of non‐monetary financial factors

Xue¹,

Taylor

2018

Asian-Pac Economic Lit

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While it is widely accepted that monetary factors play an integral role in macroeconomic outcomes, Bernanke's (1983) seminal paper highlights the significant role that non-monetary financial factors played in the downturn and recovery (or lack thereof ) from the Great Depression of the 1930s in the USA. This paper explores whether Bernanke's findings can be applied to the recovery from the East Asian financial crisis of 1997-98. We show that non-monetary financial factors played an important role in how quickly East Asian nations recovered in the years following 1998. Unlike the US experience during the Great Depression, East Asian nations generally implemented positive non-monetary financial reforms that helped speed recovery. We find that factors correlated with a healthy banking system had a significant, positive effect upon economic growth from 1999 to 2006 and that bank system health was particularly important in those East Asian countries that had traditionally weaker banking systems. Our findings suggest that the reform of financial institutions-such as strengthening financial sector supervision and implementing prudent regulations-should be given more attention when policies are devised to help economies recover from financial crises.

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Section: Literature Reviewmentioning

confidence: 99%

Recovery from the Asian financial crisis: the importance of non‐monetary financial factors

Xue¹,

Taylor

2018

Asian-Pac Economic Lit

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“…It involves also forecasting of crisis situations and development of the crisis deterrence and fast forward strategies and in conditions of crisis-the neutralization or minimization of its effects (Rakhmetova, 2015;Fernández et al, 2013). Nevertheless, such understanding of anti-crisis management does not entirely characterize the essence of the banks' anti-crisis management from the perspective of the banking sector role for the economic development of the country.…”

Section: Review Of the Relevant Literaturementioning

confidence: 99%

Developing Crisis Management Model for Second-Tier Banks in the Post-Crisis Period of Economy Development in the Republic of Kazakhstan

Komekbayeva¹,

Orynbassarova²

2016

American Journal of Applied Sciences

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Abstract:In the context of an ineffective crisis management system, the development of the banking sector of Kazakhstan in the post-crisis period is characterized by the impaired financial stability of second-tier banks. This situation creates the threat of systemic risk in the national banking system as a result of the critical slowdown in economy crediting by 49.5% and a reduction in bank assets by 47.2% of GDP. The article develops a diversified model of anti-crisis management aimed at increasing the financial stability of commercial banks. In contrast to other studies, the author's approach is based on the argumentation of cause and effect links of financial, social and technical anti-crisis measures, the subordination of tactical objectives, which will provide an optimal level of financial stability of banks. Achieving the optimal level of financial stability of banks will determine the maximum rate of development of the national banking system in the post-crisis period. The objectivity and accuracy of the results is an advantage of this approach, it takes into account the specificity of the post-crisis period of the banking system functioning and is consistent with the international practice of strategic management.

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“…Además del canal crediticio, estudios previos también han resaltado la relevancia del canal de la inversión como mecanismo a partir del cual los efectos más negativos de las crisis bancarias se trasladan al sector real. A partir de una muestra internacional de empresas e industrias, Fernández et al (2013) observan que en periodos de crisis financieras, el crecimiento económico es menor debido, tanto a la reducción en la cantidad de fondos prestables, como a los problemas de canalización y asignación eficiente de recursos hacia proyectos de inversión rentables.…”

Section: Crisis Financieras Y Economía Realunclassified

Poder de mercado bancario y crédito en Europa tras las crisis financiera global

Cubillas¹,

Suárez²

2016

CICE

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The real effect of banking crises: Finance or asset allocation effects? Some international evidence

Cited by 24 publications

References 31 publications

Recovery from the Asian financial crisis: the importance of non‐monetary financial factors

Recovery from the Asian financial crisis: the importance of non‐monetary financial factors

Developing Crisis Management Model for Second-Tier Banks in the Post-Crisis Period of Economy Development in the Republic of Kazakhstan

Poder de mercado bancario y crédito en Europa tras las crisis financiera global

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