Banking, financial integration, and international crises: an overview

Leonardo Hernández and Klaus Schmidt-Hebbel

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: This paper summarizes new research on the relationship among institutions, financial development, economic growth, financial integration, and the likelihood of boom-bust cycles and banking crises. The first part of the paper reviews issues pertaining mainly to the banking sector, and summarizes new findings regarding banking regulation and supervision and the behavior of depositors and other market participants. New findings on the internationalization of banking, boom-bust cycles and macro-financial linkages during financial integration, the elements of international financial crises, and the role of capital controls to reduce macroeconomic vulnerability are reviewed in the second part of the paper.

Date: 2001-07
New Economics Papers: this item is included in nep-ifn, nep-mfd and nep-pke
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Citations: View citations in EconPapers (6)

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Chapter: Banking, Financial Integration, and International Crises: An Overview (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:100

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