LEADER 06308oam 22012974 450 001 9910788692603321 005 20230725050103.0 010 $a1-4623-9611-9 010 $a1-4527-9848-6 010 $a1-283-57050-5 010 $a9786613882950 010 $a1-4519-1850-X 035 $a(CKB)3360000000445741 035 $a(EBL)1606029 035 $a(SSID)ssj0001485061 035 $a(PQKBManifestationID)11819078 035 $a(PQKBTitleCode)TC0001485061 035 $a(PQKBWorkID)11448192 035 $a(PQKB)11643973 035 $a(OCoLC)537802177 035 $a(MiAaPQ)EBC1606029 035 $a(IMF)WPIEE2010001 035 $a(EXLCZ)993360000000445741 100 $a20020129d2010 uf 0 101 0 $aeng 181 $ctxt 182 $cc 183 $acr 200 10$aPost-Crisis Bank Behavior : $eLessons From Mercosur /$fSarah Sanya, Montfort Mlachila 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2010. 215 $a1 online resource (42 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-6161-8 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Banking Crises in Mercosur; A. General Overview of Post-Crisis Banking Behavior; B. The Evolution of Bank Crises in Mercosur; III. Methodology and Data Issues; A. The Concept of Convergence and Bank Behavior; B. The Regression Framework; C. Data Sources and Issues; IV. The Results; A. Descriptive Statistics; Tables; 1. Mercosur: Bank Behavior Summary Statistics; B. Regression Analysis; 2. Correlations Between Selected Variables; 3. Summary Results for Absolute and Conditional Convergence; Figures; 1. Ratio of Public Sector Credit to Gross Domestic Product 327 $a2. Ratio of Private Sector Credit to Gross Domestic Product 4. Results for Absolute and Conditional Sigma Convergence by Country; 5. Results for Absolute and Conditional Sigma Convergence by Countries; V. Robustness Tests; A. Alternative Benchmarks; B. Results; 6. Summary Results for Sigma Convergence Using Chile and Norway as Alternative Benchmarks; 3. Ratio of Loans to Assets; 4. Ratio of Private Sector Credit to Gross Domestic Product; 5. Capitalization; C. The Behavior of Foreign and Large Banks; 6. Commercial Bank's Reserves to Gross Domestic Product 327 $a7. Absolute Sigma Convergence by Bank Type VI. Concluding Remarks; Appendix; I. Variable Definitions and Sources; References 330 3 $aDid the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the Mercosur region. To our knowledge, this is the first paper to apply the convergence methodology-which is common in the growth literature-to post-crisis bank behavior. Using a panel dataset of commercial banks during the period 1990-2006, we analyze the impact of crises on four sets of financial indicators of bank behavior-profitability, maturity preference, credit supply, and risk. The paper finds that most indicators of bank behavior, such as profitability, in fact revert to previous or more normal levels. However, a key finding of the paper is that private sector intermediation is significantly reduced for prolonged periods of time and that high levels excess liquidity persist well after the crisis. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2010/001 606 $aBanks and banking 606 $aConvergence (Economics) 606 $aBanks and Banking$2imf 606 $aFinancial Risk Management$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMacroeconomics$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aFinancing Policy$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aCapital and Ownership Structure$2imf 606 $aValue of Firms$2imf 606 $aGoodwill$2imf 606 $aBankruptcy$2imf 606 $aLiquidation$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aFinancial Crises$2imf 606 $aBanking$2imf 606 $aMonetary economics$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aBank credit$2imf 606 $aFinancial crises$2imf 606 $aCredit$2imf 606 $aCommercial banks$2imf 606 $aMoney$2imf 606 $aBanking crises$2imf 606 $aSystemic crises$2imf 606 $aBanks and banking$2imf 607 $aArgentina$2imf 615 0$aBanks and banking. 615 0$aConvergence (Economics) 615 7$aBanks and Banking 615 7$aFinancial Risk Management 615 7$aMoney and Monetary Policy 615 7$aMacroeconomics 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aFinancing Policy 615 7$aFinancial Risk and Risk Management 615 7$aCapital and Ownership Structure 615 7$aValue of Firms 615 7$aGoodwill 615 7$aBankruptcy 615 7$aLiquidation 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aFinancial Crises 615 7$aBanking 615 7$aMonetary economics 615 7$aEconomic & financial crises & disasters 615 7$aBank credit 615 7$aFinancial crises 615 7$aCredit 615 7$aCommercial banks 615 7$aMoney 615 7$aBanking crises 615 7$aSystemic crises 615 7$aBanks and banking 700 $aSanya$b Sarah$01558672 701 $aMlachila$b Montfort$01493464 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788692603321 996 $aPost-Crisis Bank Behavior$93823255 997 $aUNINA