The Long Shadow of the Global Financial Crisis : Public Interventions in the Financial Sector /

We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value o...

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Xehetasun bibliografikoak
Egile nagusia: Igan, Deniz
Beste egile batzuk: Moussawi, Hala, Tieman, Alexander, Zdzienicka, Aleksandra
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2019.
Saila:IMF Working Papers; Working Paper ; No. 2019/164
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Igan, Deniz. 
245 1 4 |a The Long Shadow of the Global Financial Crisis :   |b Public Interventions in the Financial Sector /  |c Deniz Igan, Hala Moussawi, Alexander Tieman, Aleksandra Zdzienicka. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (90 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to USD 1.6 trillion (USD 3.5 trillion including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less. 
538 |a Mode of access: Internet 
700 1 |a Moussawi, Hala. 
700 1 |a Tieman, Alexander. 
700 1 |a Zdzienicka, Aleksandra. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/164 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/164/001.2019.issue-164-en.xml  |z IMF e-Library