Logo
Munich Personal RePEc Archive

Macro Financial Determinants of the Great Financial Crisis: Implications for Financial Regulation

Caprio, Gerard Jr. and D'Apice, Vincenzo and Ferri, Giovanni and Puopolo, Giovanni Walter (2010): Macro Financial Determinants of the Great Financial Crisis: Implications for Financial Regulation. Published in: Temi di Economia e Finanza , Vol. 1, No. Special Issue (21 October 2010): pp. 1-31.

[thumbnail of MPRA_paper_26088.pdf]
Preview
PDF
MPRA_paper_26088.pdf

Download (475kB) | Preview

Abstract

By analysing the macro financial determinants of the Great Financial Crisis of 2007-2009 on 83 countries, we find that the probability of suffering the crisis in 2008 was larger for countries having higher levels of credit deposit ratio whereas it was lower for countries having higher levels of: i) net interest margin, ii) concentration in the banking sector, iii) restrictions to bank activities, iv) private monitoring. Our findings contribute to the ongoing discussion that can help policymakers calibrate new regulation, by achieving a reasonable trade-off between financial stability and economic growth.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.