The role of the banking system in the international transmission of shocks

World Economy

Volumn 26, Issue 5, 2003, Pages 727-754

  Sbracia, Massimo ^a   Zaghini, Andrea ^a  

^a BANK OF ITALY   (Italy)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ECONOMIC INSTABILITY; GLOBAL ECONOMY;

EID: 0042847219     PISSN: 03785920     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9701.00544     Document Type: Article

References (29)

1. Allen, F. and D. Gale (2000), 'Financial Contagion', Journal of Political Economy, 108, 1, 1-33.
2. Caballero, R. J. and A. Krishnamuthy (1999), 'Emerging Markets Crisis: An Asset Markets Perspective', IMF Working Paper No. 129 (Washington DC).
3. Caramazza, F., L. Ricci and R. Salgado (2000), 'Trade and Financial Contagion in Currency Crises', IMF Working Paper No. 55 (Washington DC).
4. Chang, R. and A. Velasco (2001), 'Financial Crises in Emerging Markets: A Canonical Model', Quarterly Journal of Economics, 116, 2, 489-517.
5. Chari, V. V. and R. Jagannathan (1988), 'Banking Panics, Information, and Rational Expectations Equilibrium', Journal of Finance, 43, 3, 749-63.
6. Chen, Y. (1999), 'Banking Panics: The Role of the First-Come First-Served Rule and Information Externalities', Journal of Political Economy, 107, 5, 947-68.
7. Corsetti, G., M. Pericoli and M. Sbracia (2002), 'Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion', CEPR Working Paper No. 3310 (London).
8. Corsetti, G., P. Pesenti and N. Roubini (1999), 'Paper Tigers? A Model of the Asian Crisis', European Economic Review, 43, 7, 1211-36.
9. Demirguc-Kunt, A. and E. Detragiache (1998), 'The Determinants of Banking Crises in Developing and Developed Countries', IMF Staff Papers, 45, 1, 81-109.
10. Demirguc-Kunt, A. and E. Detragiache (2000), 'Does Deposit Insurance Increase Banking System Stability?', IMF Working Paper No. 3 (Washington DC).
11. Diamond, D. and P. Dybvig (1983), 'Bank Runs, Liquidity, and Deposit Insurance', Journal of Political Economy, 91, 3, 401-19.
12. Diaz-Alejandro, C. (1985), 'Good-Bye Financial Repression, Hello Financial Crash', Journal of Development Economics, 19, 1, 1-24.
13. Eichengreen, B. and C. Arteta (2000), 'Banking Crises in Emerging Markets: Presumptions and Evidence', Center for International and Development Economic Research Working Paper No. 115 (University of California, Berkeley).
14. Freixas, X., C. Giannini, G. Hoggarth and F. Soussa (1999a), 'Lender of Last Resort: A Review of the Literature', Financial Stability Review (Bank of England, November).
15. Freixas, X., B. Parigi and J. C. Rochet (1999b), 'Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank', CEPR Discussion Paper No. 2325 (London).
16. Garcia, G. (1999), 'Deposit Insurance: A Survey of Actual and Best Practices', IMF Working Paper 54 (Washington DC).
17. Giannetti, M. (2000), 'Banking System, International Investors and Central Bank Policy in Emerging Markets', Temi di discussione No. 369 (Bank of Italy, Rome).
18. Goldfajn, I. and R. O. Valdés (1997), 'Capital Flows and the Twin Crises: The Role of Liquidity', IMF Working Paper No. 87 (Washington DC).
19. Gorton, G. (1988), 'Banking Panics and the Business Cycles', Oxford Economic Papers, 40, 4, 751-81.
20. Kaminsky, G. and C. M. Reinhart (1999), 'The Twin Crises: The Causes of Banking and Balance of Payment Crises', American Economic Review, 89, 3, 473-500.
21. Kaminsky, G. and C. M. Reinhart (2000), 'On Crises, Contagion, and Confusion', Journal of International Economics, 51, 1, 145-68.
22. Kaufman, G. G. (1994), 'Bank Contagion: A Review of the Theory and Evidence', Journal of Financial Services Research, 8, 2, 123-50.
23. Kiyotaki, N. and J. Moore (1997), 'Credit Cycles', Journal of Political Economy, 105, 2, 211-48.
24. Lindgren, C. J., G. Garcia and M. I. Saal (1996), Bank Soundness and Macroeconomic Policy (Washington DC, International Monetary Fund).
25. Miller, V. (1998), 'The Double Drain with a Cross-Border Twist: More on the Relationship between Banking and Currency Crises', American Economic Review Papers and Proceedings, 88, 2, 439-43.
26. Pericoli, M. and M. Sbracia (2002), 'A Primer on Financial Contagion', Journal of Economic Surveys (forthcoming).
27. Rochet, J. C. and J. Tirole (1996), 'Interbank Lending and Systemic Risk', Journal of Money, Credit and Banking, 28, 4, 733-62.
28. Sbracia, M. and A. Zaghini (2001), 'Crises and Contagion: The Role of the Banking System', Marrying the Macro- and Micro-Prudential Dimensions of Financial Stability (Basel, Bank for International Settlements).
29. Van Rijckeghem, C. and B. Weder (2001), 'Sources of Contagion: Is It Finance or Trade?', Journal of International Economics, 54, 2, 293-308.