The long shadow of the global financial crisis :: public interventions in the financial sector /
We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value o...
Gespeichert in:
| Hauptverfasser: | , , , , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
2019.
|
| Schriftenreihe: | IMF working paper ;
WP/19/164. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to 1.6 trillion dollar (3.5 trillion dollar including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less. |
| Beschreibung: | 1 online resource (91 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1513509675 9781513509679 1513508334 9781513508337 |
Internformat
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| 100 | 1 | |a Igan, Deniz, |e author. | |
| 245 | 1 | 4 | |a The long shadow of the global financial crisis : |b public interventions in the financial sector / |c by Deniz Igan, Hala Moussawi, Alexander F. Tieman, Aleksandra Zdzienicka, Giovanni Dell'Ariccia, and Paolo Mauro. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2019. | |
| 300 | |a 1 online resource (91 pages) | ||
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| 490 | 1 | |a IMF working paper ; |v WP/19/164 | |
| 504 | |a Includes bibliographical references. | ||
| 505 | 8 | |a Cover; Contents; I. Introduction; II. Gross Direct Interventions in the Aftermath of the Crisis; A. Data Coverage; B. Bank-Level Interventions: A First Glance; III. Remaining Public Asset Holdings in Financial Institutions; A. Remaining Asset Holdings in 2017; B. Pace of Intervention, Recovery, and Instruments; IV. Other Aspects of Interventions: Impaired Assets and Indirect Costs; A. Current Asset Holdings Including Impaired Assets; B. Fiscal Impact of Direct Interventions; V. Conclusions; References; Tables; 1. Gross Direct Interventions by Year; 2. Asset Purchases by Instrument | |
| 505 | 8 | |a 3. Initial Government Stake and Bank/Country Conditions4. Peak Government Stake and Bank/Country Conditions; 5. Public Asset Holdings and Bank/Country Conditions; 6. Public Asset Holdings and Bank/Country Conditions: Big Banks; 7. Public Asset Holdings and Bank/Country Conditions: Small/Medium Banks; 8. Fiscal Impact of Government Interventions in the Financial Sector; A1. Selected Economies: Government Interventions in the Financial Sector; A2. Selected Economies: Government Interventions in the Financial Sector; Figures; 1. Cumulative Direct Interventions by Country | |
| 505 | 8 | |a 2. Initial Public Holdings by Bank Characteristics3. Public Asset Holdings by Instrument; 4. Remaining Public Holdings by Bank Characteristics; 5. Bank Liabilities in Public Hands; 6. Divestment and Macroeconomic Aggregates; 7. Divestment and Financial System Characteristics; 8. Direct Holdings by Instrument Pecking Order; 9. Asset Holdings by Instrument; 10. Recovery Rate; 11. Indirect Fiscal Impact of Government Interventions; 12. Total Fiscal Impact of Government Interventions; A1. Gross Direct Interventions in Country-Level vs Bank-Level Datasets; A2. Public Asset Holdings by Instrument | |
| 505 | 8 | |a A3. Bank Liabilities in Public Hands-Equity SharesA4. Bank Liabilities in Public Hands-Hybrid Securities; A5. Bank Liabilities in Public Hands-Debt; Boxes; 1. Linking Direct Interventions to Public Finances; 2. Fiscal Impact: Stock-Flow vs Cash-Flow Approaches; Appendices; I. Constructing the Bank-Level Dataset; Methodological Challenges; Case-by-Case Summaries; Australia; Austria; Belgium; Brazil; Bulgaria; Canada; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Japan; Latvia; Lithuania; Luxembourg; Malta; Netherlands; New Zealand | |
| 505 | 8 | |a PolandPortugal; Romania; Russia; Slovak Republic; Slovenia; Spain; Sweden; Switzerland; Ukraine; United Kingdom; United States; Cross-Country Cases; II. Fiscal Implications of Gross Direct Interventions by Country; III. Comparing the Two Datasets; IV. Additional Figures | |
| 588 | 0 | |a Online resource; title from digital title page (viewed on February 05, 2020). | |
| 520 | 3 | |a We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to 1.6 trillion dollar (3.5 trillion dollar including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009 |x Government policy. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009 |x Politique gouvernementale. | |
| 650 | 7 | |a Government policy |2 fast | |
| 650 | 7 | |a Financial crisis. |2 imf | |
| 650 | 7 | |a Government interventions. |2 imf | |
| 647 | 7 | |a Global Financial Crisis |d (2008-2009) |2 fast |1 https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm | |
| 648 | 7 | |a 2008-2009 |2 fast | |
| 700 | 1 | |a Moussawi, Hala, |e author. | |
| 700 | 1 | |a Tieman, Alexander F., |e author. | |
| 700 | 1 | |a Zdzienicka, Aleksandra, |e author. | |
| 700 | 1 | |a Dell'Ariccia, Giovanni, |e author. | |
| 700 | 1 | |a Mauro, Paolo, |e author. | |
| 776 | 0 | 8 | |i Print version: |a Igan, Deniz O. |t Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector. |d Washington, D.C. : International Monetary Fund, ©2019 |z 9781513508337 |
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| author | Igan, Deniz Moussawi, Hala Tieman, Alexander F. Zdzienicka, Aleksandra Dell'Ariccia, Giovanni Mauro, Paolo |
| author_facet | Igan, Deniz Moussawi, Hala Tieman, Alexander F. Zdzienicka, Aleksandra Dell'Ariccia, Giovanni Mauro, Paolo |
| author_role | aut aut aut aut aut aut |
| author_sort | Igan, Deniz |
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| callnumber-subject | HB - Economic Theory and Demography |
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| contents | Cover; Contents; I. Introduction; II. Gross Direct Interventions in the Aftermath of the Crisis; A. Data Coverage; B. Bank-Level Interventions: A First Glance; III. Remaining Public Asset Holdings in Financial Institutions; A. Remaining Asset Holdings in 2017; B. Pace of Intervention, Recovery, and Instruments; IV. Other Aspects of Interventions: Impaired Assets and Indirect Costs; A. Current Asset Holdings Including Impaired Assets; B. Fiscal Impact of Direct Interventions; V. Conclusions; References; Tables; 1. Gross Direct Interventions by Year; 2. Asset Purchases by Instrument 3. Initial Government Stake and Bank/Country Conditions4. Peak Government Stake and Bank/Country Conditions; 5. Public Asset Holdings and Bank/Country Conditions; 6. Public Asset Holdings and Bank/Country Conditions: Big Banks; 7. Public Asset Holdings and Bank/Country Conditions: Small/Medium Banks; 8. Fiscal Impact of Government Interventions in the Financial Sector; A1. Selected Economies: Government Interventions in the Financial Sector; A2. Selected Economies: Government Interventions in the Financial Sector; Figures; 1. Cumulative Direct Interventions by Country 2. Initial Public Holdings by Bank Characteristics3. Public Asset Holdings by Instrument; 4. Remaining Public Holdings by Bank Characteristics; 5. Bank Liabilities in Public Hands; 6. Divestment and Macroeconomic Aggregates; 7. Divestment and Financial System Characteristics; 8. Direct Holdings by Instrument Pecking Order; 9. Asset Holdings by Instrument; 10. Recovery Rate; 11. Indirect Fiscal Impact of Government Interventions; 12. Total Fiscal Impact of Government Interventions; A1. Gross Direct Interventions in Country-Level vs Bank-Level Datasets; A2. Public Asset Holdings by Instrument A3. Bank Liabilities in Public Hands-Equity SharesA4. Bank Liabilities in Public Hands-Hybrid Securities; A5. Bank Liabilities in Public Hands-Debt; Boxes; 1. Linking Direct Interventions to Public Finances; 2. Fiscal Impact: Stock-Flow vs Cash-Flow Approaches; Appendices; I. Constructing the Bank-Level Dataset; Methodological Challenges; Case-by-Case Summaries; Australia; Austria; Belgium; Brazil; Bulgaria; Canada; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Japan; Latvia; Lithuania; Luxembourg; Malta; Netherlands; New Zealand PolandPortugal; Romania; Russia; Slovak Republic; Slovenia; Spain; Sweden; Switzerland; Ukraine; United Kingdom; United States; Cross-Country Cases; II. Fiscal Implications of Gross Direct Interventions by Country; III. Comparing the Two Datasets; IV. Additional Figures |
| ctrlnum | (OCoLC)1113895436 |
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| dewey-ones | 330 - Economics |
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| dewey-search | 330.90511 |
| dewey-sort | 3330.90511 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | 2008-2009 fast |
| era_facet | 2008-2009 |
| format | Electronic eBook |
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| id | ZDB-4-EBA-on1113895436 |
| illustrated | Not Illustrated |
| indexdate | 2024-10-25T15:50:23Z |
| institution | BVB |
| isbn | 1513509675 9781513509679 1513508334 9781513508337 |
| language | English |
| oclc_num | 1113895436 |
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| owner_facet | MAIN |
| physical | 1 online resource (91 pages) |
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| publishDate | 2019 |
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| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Igan, Deniz, author. The long shadow of the global financial crisis : public interventions in the financial sector / by Deniz Igan, Hala Moussawi, Alexander F. Tieman, Aleksandra Zdzienicka, Giovanni Dell'Ariccia, and Paolo Mauro. [Washington, D.C.] : International Monetary Fund, 2019. 1 online resource (91 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/19/164 Includes bibliographical references. Cover; Contents; I. Introduction; II. Gross Direct Interventions in the Aftermath of the Crisis; A. Data Coverage; B. Bank-Level Interventions: A First Glance; III. Remaining Public Asset Holdings in Financial Institutions; A. Remaining Asset Holdings in 2017; B. Pace of Intervention, Recovery, and Instruments; IV. Other Aspects of Interventions: Impaired Assets and Indirect Costs; A. Current Asset Holdings Including Impaired Assets; B. Fiscal Impact of Direct Interventions; V. Conclusions; References; Tables; 1. Gross Direct Interventions by Year; 2. Asset Purchases by Instrument 3. Initial Government Stake and Bank/Country Conditions4. Peak Government Stake and Bank/Country Conditions; 5. Public Asset Holdings and Bank/Country Conditions; 6. Public Asset Holdings and Bank/Country Conditions: Big Banks; 7. Public Asset Holdings and Bank/Country Conditions: Small/Medium Banks; 8. Fiscal Impact of Government Interventions in the Financial Sector; A1. Selected Economies: Government Interventions in the Financial Sector; A2. Selected Economies: Government Interventions in the Financial Sector; Figures; 1. Cumulative Direct Interventions by Country 2. Initial Public Holdings by Bank Characteristics3. Public Asset Holdings by Instrument; 4. Remaining Public Holdings by Bank Characteristics; 5. Bank Liabilities in Public Hands; 6. Divestment and Macroeconomic Aggregates; 7. Divestment and Financial System Characteristics; 8. Direct Holdings by Instrument Pecking Order; 9. Asset Holdings by Instrument; 10. Recovery Rate; 11. Indirect Fiscal Impact of Government Interventions; 12. Total Fiscal Impact of Government Interventions; A1. Gross Direct Interventions in Country-Level vs Bank-Level Datasets; A2. Public Asset Holdings by Instrument A3. Bank Liabilities in Public Hands-Equity SharesA4. Bank Liabilities in Public Hands-Hybrid Securities; A5. Bank Liabilities in Public Hands-Debt; Boxes; 1. Linking Direct Interventions to Public Finances; 2. Fiscal Impact: Stock-Flow vs Cash-Flow Approaches; Appendices; I. Constructing the Bank-Level Dataset; Methodological Challenges; Case-by-Case Summaries; Australia; Austria; Belgium; Brazil; Bulgaria; Canada; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Japan; Latvia; Lithuania; Luxembourg; Malta; Netherlands; New Zealand PolandPortugal; Romania; Russia; Slovak Republic; Slovenia; Spain; Sweden; Switzerland; Ukraine; United Kingdom; United States; Cross-Country Cases; II. Fiscal Implications of Gross Direct Interventions by Country; III. Comparing the Two Datasets; IV. Additional Figures Online resource; title from digital title page (viewed on February 05, 2020). We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007-17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to 1.6 trillion dollar (3.5 trillion dollar including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less. Global Financial Crisis, 2008-2009 Government policy. Crise financière mondiale, 2008-2009 Politique gouvernementale. Government policy fast Financial crisis. imf Government interventions. imf Global Financial Crisis (2008-2009) fast https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm 2008-2009 fast Moussawi, Hala, author. Tieman, Alexander F., author. Zdzienicka, Aleksandra, author. Dell'Ariccia, Giovanni, author. Mauro, Paolo, author. Print version: Igan, Deniz O. Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector. Washington, D.C. : International Monetary Fund, ©2019 9781513508337 IMF working paper ; WP/19/164. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2233004 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2233004 Volltext |
| spellingShingle | Igan, Deniz Moussawi, Hala Tieman, Alexander F. Zdzienicka, Aleksandra Dell'Ariccia, Giovanni Mauro, Paolo The long shadow of the global financial crisis : public interventions in the financial sector / IMF working paper ; Cover; Contents; I. Introduction; II. Gross Direct Interventions in the Aftermath of the Crisis; A. Data Coverage; B. Bank-Level Interventions: A First Glance; III. Remaining Public Asset Holdings in Financial Institutions; A. Remaining Asset Holdings in 2017; B. Pace of Intervention, Recovery, and Instruments; IV. Other Aspects of Interventions: Impaired Assets and Indirect Costs; A. Current Asset Holdings Including Impaired Assets; B. Fiscal Impact of Direct Interventions; V. Conclusions; References; Tables; 1. Gross Direct Interventions by Year; 2. Asset Purchases by Instrument 3. Initial Government Stake and Bank/Country Conditions4. Peak Government Stake and Bank/Country Conditions; 5. Public Asset Holdings and Bank/Country Conditions; 6. Public Asset Holdings and Bank/Country Conditions: Big Banks; 7. Public Asset Holdings and Bank/Country Conditions: Small/Medium Banks; 8. Fiscal Impact of Government Interventions in the Financial Sector; A1. Selected Economies: Government Interventions in the Financial Sector; A2. Selected Economies: Government Interventions in the Financial Sector; Figures; 1. Cumulative Direct Interventions by Country 2. Initial Public Holdings by Bank Characteristics3. Public Asset Holdings by Instrument; 4. Remaining Public Holdings by Bank Characteristics; 5. Bank Liabilities in Public Hands; 6. Divestment and Macroeconomic Aggregates; 7. Divestment and Financial System Characteristics; 8. Direct Holdings by Instrument Pecking Order; 9. Asset Holdings by Instrument; 10. Recovery Rate; 11. Indirect Fiscal Impact of Government Interventions; 12. Total Fiscal Impact of Government Interventions; A1. Gross Direct Interventions in Country-Level vs Bank-Level Datasets; A2. Public Asset Holdings by Instrument A3. Bank Liabilities in Public Hands-Equity SharesA4. Bank Liabilities in Public Hands-Hybrid Securities; A5. Bank Liabilities in Public Hands-Debt; Boxes; 1. Linking Direct Interventions to Public Finances; 2. Fiscal Impact: Stock-Flow vs Cash-Flow Approaches; Appendices; I. Constructing the Bank-Level Dataset; Methodological Challenges; Case-by-Case Summaries; Australia; Austria; Belgium; Brazil; Bulgaria; Canada; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Japan; Latvia; Lithuania; Luxembourg; Malta; Netherlands; New Zealand PolandPortugal; Romania; Russia; Slovak Republic; Slovenia; Spain; Sweden; Switzerland; Ukraine; United Kingdom; United States; Cross-Country Cases; II. Fiscal Implications of Gross Direct Interventions by Country; III. Comparing the Two Datasets; IV. Additional Figures Global Financial Crisis, 2008-2009 Government policy. Crise financière mondiale, 2008-2009 Politique gouvernementale. Government policy fast Financial crisis. imf Government interventions. imf |
| title | The long shadow of the global financial crisis : public interventions in the financial sector / |
| title_auth | The long shadow of the global financial crisis : public interventions in the financial sector / |
| title_exact_search | The long shadow of the global financial crisis : public interventions in the financial sector / |
| title_full | The long shadow of the global financial crisis : public interventions in the financial sector / by Deniz Igan, Hala Moussawi, Alexander F. Tieman, Aleksandra Zdzienicka, Giovanni Dell'Ariccia, and Paolo Mauro. |
| title_fullStr | The long shadow of the global financial crisis : public interventions in the financial sector / by Deniz Igan, Hala Moussawi, Alexander F. Tieman, Aleksandra Zdzienicka, Giovanni Dell'Ariccia, and Paolo Mauro. |
| title_full_unstemmed | The long shadow of the global financial crisis : public interventions in the financial sector / by Deniz Igan, Hala Moussawi, Alexander F. Tieman, Aleksandra Zdzienicka, Giovanni Dell'Ariccia, and Paolo Mauro. |
| title_short | The long shadow of the global financial crisis : |
| title_sort | long shadow of the global financial crisis public interventions in the financial sector |
| title_sub | public interventions in the financial sector / |
| topic | Global Financial Crisis, 2008-2009 Government policy. Crise financière mondiale, 2008-2009 Politique gouvernementale. Government policy fast Financial crisis. imf Government interventions. imf |
| topic_facet | Global Financial Crisis, 2008-2009 Government policy. Crise financière mondiale, 2008-2009 Politique gouvernementale. Government policy Financial crisis. Government interventions. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2233004 |
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