Bank Losses, Monetary Policy and Financial Stability—Evidence on the Interplay from Panel Data / / Lea Zicchino, Erlend Nier

• Record Nr.: UNINA9910788345203321
• Autore: Zicchino Lea
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 1-4623-0231-9; 1-4527-6723-8; 9786612841835; 1-4518-7090-6; 1-282-84183-1
• Descrizione fisica: 1 online resource (32 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/08/232
• Altri autori (Persone): NierErlend
• Disciplina: 332.1
• Soggetti: Bank failures - Econometric models; Monetary policy - Econometric models; Economic stabilization - Econometric models; Banks and Banking; Money and Monetary Policy; Industries: Financial Services; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Financial Crises; Monetary economics; Banking; Finance; Economic & financial crises & disasters; Bank credit; Loans; Credit; Banking crises; Banks and banking; Financial crises; United States
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; I. Introduction; II. Theory and Hypothesis Development; III. Empirical Method and Data; Tables; 1. Summary Statistics; 2. Average of Provision Ratio; IV. Benchmark Results; 3. Benchmark Equation-Determinants of Loan Growth; V. The Effect of Monetary Policy; 4. The Effect of Losses and Monetary Policy-Interactions; 5. The Effect of Capital and Monetary Policy-Interactions; 6. The Effect of Losses, Capital, and Monetary Policy-Interactions; VI. Financial Conditions: Crisis Versus Noncrisis Countries; 7. Determinants of Loan Growth: Crisis Versus Non-crisis Countries; 8. Monetary Policy and Banking Crises VII. Robustness Checks; A. Bank-fixed Effects; 9. Monetary Policy and Banking Crises-Interactions; 10. The Effect of Losses and Monetary Policy-Fixed Effects; B. Endogeneity of Bank-specific Characteristics; VIII. Conclusions; 11. The Effect of Losses and Monetary Policy-Robustness to Endogeneity (Fixed Effects Estimate); 12. Description of Variables and Data Sources; 13. Summary Statistics: Monetary Policy and Banking Crisis Countries; 14. Summary Statistics: Monetary Policy and Banking Crisis Episodes; Appendix; References
• Sommario/riassunto: We assess the extent to which loan losses affect banks’ provision of credit to companies and households and examine how feedback from losses to a reduction in credit is affected by the monetary policy stance. Using a unique cross-country dataset of more than 600 banks from 32 countries, we find that losses lead to a reduction in credit and that this effect is more pronounced when either initial bank capitalization is thin or when monetary policy is tight. Moreover, in the face of credit losses, ample capital is more important in cushioning the effect of loan losses when monetary policy is tight. In other words, capital buffers and accommodating monetary policy act as substitutes in offsetting the adverse effect of losses on loan growth. While most of these effects are stronger in crisis times, we find them to operate both in and outside full-blown banking crises. These findings have important implications for the interplay between financial stability and monetary policy, which this paper also draws out.

The challenge of linear time : nationhood and the politics of history in East Asia / / edited by Viren Murthy and Axel Schneider

• Record Nr.: UNINA9910809845803321
• Pubbl/distr/stampa: Leiden : , : Brill, , 2014
• ISBN: 90-04-26014-5
• Descrizione fisica: 1 online resource (311 p.)
• Collana: Leiden series in comparative historiography, , 1574-4493 ; ; volume 7
• Altri autori (Persone): MurthyViren; SchneiderAxel
• Disciplina: 951.0072
• Soggetti: Historiography - Political aspects - China; Historiography - Political aspects - Japan; Time - Political aspects - China; Time - Political aspects - Japan; Nationalism - China; Nationalism - Japan; China Historiography; Japan Historiography; China Intellectual life 20th century; Japan Intellectual life 20th century
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Introduction / Viren Murthy, Axel Schneider -- [1] Time, history, and moral responsibility -- Negativity and historicist time : facticity and intellectual history of the 1930s / Naoki Sakai -- Ontological optimism, cosmological confusion, and unstable evolution : Tan Sitong's Renxue and Zhang Taiyan's response / Viren Murthy -- Nation, history and ethics : the choices of post-imperial historiography in China / Axel Schneider -- Reading Takeuchi Yoshimi and reading history / Sun Ge -- [2] The burden of the past and the hope for a better future -- An eschatological view of history : Yoshimi Takeuchi in the 1960s / Takahiro Nakajima -- The campaign to criticize Lin Biao and Confucius and the problem of "Restoration" in Chinese Marxist historiography / Susanne Weigelin-Schwiedrzik -- [3] Recollection of the past and the ; popularization of history -- Popular readings and wartime historical writings in modern China / Long-Hsin Liu -- Figuring history and horror in a provincial museum : the water dungeon, the rent collection courtyard, and the socialist undead / Haiyan Lee -- [4] History and the definition of spatial, cultural and temporal boundaries -- Revolution as restoration : meanings of "national essence" and "national learning" in Guocui Xuebao / Tze-Ki Hon -- Temporality of knowledge and history writing in early twentieth-century China : Liu Yizheng and The history of Chinese culture / Ya-Pei Kuo.
• Sommario/riassunto: The papers collected in this volume congeal around a debate about the ways and extent of the dominance of linear time and progressive history and the concomitant delineation of the nation in Chinese and Japanese historiography. As China and Japan entered the global capitalist system of nation states, the Chinese and Japanese regimes implemented a number of reforms, which resulted in transformations that affected everyday experience. In the face of imperialism and the perceived threat of being split up, the Meiji and late Qing governments radically reoriented policies in order to become wealthy and powerful in the global arena. People not only began to experience time and space in new ways, but elites also were increasingly exposed to Western theories of history and concepts of nationhood, which became dominant. These changes contributed to the production of new types of historical consciousness and collective identity. The essays in this volume each provide a perspective on the complex ways in which imagining national and regional identity in East Asia were and continue to be enmeshed with visions of time and history. This book should be of interest to all those who are interested in nationalism, modernity in China and Japan, global capitalism and the politics of time.