How resilient and countercyclical were emerging economies during the global financial crisis?

Didier, Tatiana; Hevia, Constantino; Schmukler, Sergio L.

doi:10.1016/j.jimonfin.2012.05.007

Cited by 124 publications

(90 citation statements)

References 41 publications

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“…A plausible explanation for this finding could be that high credit risk potentially implies high bad debt which effectively means less interest income for banks, in addition to the increased cost of credit control. The rate of default is likely to be higher during the crisis thus aggravating banking risks (Didier et al, 2012). Banks respond to the perceived increase in credit risk by becoming circumspect about extending loan and credit to customers.…”

Section: Credit Riskmentioning

confidence: 99%

Determinants of bank profitability before, during, and after the financial crisis

Adelopo

Lloydking²,

Tauringana

2018

IJMF

101

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Purpose The purpose of this paper is to report the results of an investigation into the relationship between bank-specific, macroeconomic factors and bank profitability before (1999-2006), during (2007-2009), and after (2010-2013) the financial crisis. Design/methodology/approach Using the Economic Community of West African States’ bank panel data from 1999 to 2013, the paper used fixed effect models. The panel model includes bank-specific determinants (size, cost management, and liquidity), industry level, and macroeconomic variables. Findings Panel data analyses results show that there is a significant relationship between bank-specific determinants (size, cost management, and liquidity) and bank profitability (ROA) before, during, and after the financial crisis. However, the relationships between other bank-specific (capital strength, credit risk, and market power), macroeconomic (gross domestic product and inflation) determinants are sensitive to both periods of analysis (before, during, and after financial crisis) and bank profitability measure used (ROA or NIM). Originality/value Overall, these results suggest that the financial crisis did not affect the relationships between some bank-specific determinants and bank profitability.

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Section: Credit Riskmentioning

confidence: 99%

Determinants of bank profitability before, during, and after the financial crisis

Adelopo

Lloydking²,

Tauringana

2018

IJMF

101

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“…The intensity of two-way capital flows among advanced countries when compared with developing countries reveals the fact that occurrence of gross or net flows reversal is higher in the latter group. Recent turmoil was so severe that economies of the world, from Europe to Asia, could not avoid it (Patev et al, 2006;Fratzscher, 2012;Didier et al, 2012;Lee et al, 2013;Essers, 2013;Calderón & Kubota, 2013).…”

Section: Wwwccsenetorg/ijefmentioning

confidence: 99%

Do External and Internal Crises Affect Foreign Portfolio Inflows? The Case of China and India

Ahmad¹,

Draz²,

Yang³

2016

IJEF

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This study examines the relationship between external and internal crisis (EIC) and Foreign Portfolio Investment (FPI) net inflows in China and India. We have applied Binary Choice Model taking the EIC as a dummy variable. GDP growth is an independent variable in our model that indicates the combined performance of economic sectors. The results suggest that EIC exert a significant impact on the FPI net inflows, but the nature of internal issues is different for both countries. We find a little association between GDP growth and net FPI inflows.

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“…In many countries, it can be observed that interest rates were lowered substantially during the economic downturn experienced from the onset of the global financial crisis. The rapid interest rate cuts have mitigated economic downturn in emerging Asia and Latin America and have allowed their economies to bounce back from the crisis [13].…”

Section: Introductionmentioning

confidence: 99%

Heterogeneity of Monetary Policy Spillovers to Monetary Responsiveness in Emerging Market Economies

Shirakawa¹

2017

IJTEF

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Abstract-Discussions about monetary policy spillovers increased as major advanced economies move to policy normalization. In this paper, I investigate the differences in policy spillovers on monetary policy setting of emerging market economies. In particular, I investigated how interest differentials from major advanced economies, US, ECB and Japan, influence the movements of interest rates in emerging market economies. Using panel fixed effects regression, the results of this study show heterogeneity in the significance of policy spillover from US, ECB and Japan to emerging market economies. The results support previous findings that international monetary policy spillovers influence movements in short term interest rates, which is not explained by policy factors.

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How resilient and countercyclical were emerging economies during the global financial crisis?

Cited by 124 publications

References 41 publications

Determinants of bank profitability before, during, and after the financial crisis

Determinants of bank profitability before, during, and after the financial crisis

Do External and Internal Crises Affect Foreign Portfolio Inflows? The Case of China and India

Heterogeneity of Monetary Policy Spillovers to Monetary Responsiveness in Emerging Market Economies

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