Publication:
Banking Flows and Financial Crisis : Financial Interconnectedness and Basel III Effects

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dc.contributor.authorGhosh, Swati R.
dc.contributor.authorSugawara, Naotaka
dc.contributor.authorZalduendo, Juan
dc.date.accessioned2012-03-19T18:06:48Z
dc.date.available2012-03-19T18:06:48Z
dc.date.issued2011-08-01
dc.description.abstractThis paper examines the factors that determine banking flows from advanced economies to emerging markets. In addition to the usual determinants of capital flows in terms of global push and local pull factors, it examines the role of bilateral factors, such as growth differentials and economic size, as well as contagion factors and measures of the depth in financial interconnectedness between lenders and borrowers. The analysis finds profound differences across regions. In particular, in spite of the severe impact of the global financial crisis, banking flows in emerging Europe stand out as a more stable region than is the case in other developing regions. Assuming that the determinants of banking flows remain unchanged in the presence of structural changes, the authors use these results to explore the short-term implications of Basel III capital regulations on banking flows to emerging markets.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111213102006
dc.identifier.doi10.1596/1813-9450-5769
dc.identifier.urihttps://hdl.handle.net/10986/3684
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5769
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVANCED COUNTRIES
dc.subjectADVANCED ECONOMIES
dc.subjectADVANCED ECONOMY
dc.subjectAGENCY PROBLEMS
dc.subjectAMOUNT OF CAPITAL
dc.subjectAMOUNT OF LOANS
dc.subjectASSET PRICES
dc.subjectASYMMETRIC INFORMATION
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANK OF ENGLAND
dc.subjectBANK POLICY
dc.subjectBANKING CRISES
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR DEVELOPMENTS
dc.subjectBANKING SECTORS
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBASIS POINT
dc.subjectBASIS POINTS
dc.subjectBOND
dc.subjectBOND FLOWS
dc.subjectBOND MARKETS
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL BASE
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL RATIO
dc.subjectCAPITAL RATIOS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITAL STANDARDS
dc.subjectCAPITAL STRUCTURE
dc.subjectCAPITALIZATION
dc.subjectCOLLATERAL
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST OF CAPITAL
dc.subjectCOST OF EQUITY
dc.subjectCOUNTRY RISK
dc.subjectCREDIT AVAILABILITY
dc.subjectCREDIT GROWTH
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDITOR
dc.subjectCRISIS COUNTRIES
dc.subjectCRISIS COUNTRY
dc.subjectCROSS-BORDER FLOWS
dc.subjectCURRENCY
dc.subjectCURRENCY CRISES
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT FLOWS
dc.subjectDEBT-EQUITY
dc.subjectDEBT-EQUITY SWAPS
dc.subjectDEBTOR
dc.subjectDECLINE IN INVESTMENT
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIVIDEND
dc.subjectDIVIDEND PAYMENTS
dc.subjectDOMESTIC BANK
dc.subjectDOMESTIC CAPITAL
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectDURABLE
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCHANGE RATES
dc.subjectEXPORT GROWTH
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL ASSET
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL OPENNESS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLOW OF INFORMATION
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVE
dc.subjectFOREIGN INTEREST
dc.subjectFOREIGN MARKETS
dc.subjectGLOBAL BANKING
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectGLOBAL RISKS
dc.subjectGOVERNMENT POLICIES
dc.subjectHOLDING
dc.subjectHOME COUNTRY
dc.subjectHOME MARKET
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINTEREST DIFFERENTIAL
dc.subjectINTEREST DIFFERENTIALS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIAL
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKET
dc.subjectINTERNATIONAL CREDIT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL PORTFOLIO
dc.subjectINVESTING
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT RATES
dc.subjectISSUANCES
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLENDING DECISIONS
dc.subjectLENDING SPREAD
dc.subjectLENDING SPREADS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RISK
dc.subjectLOAN
dc.subjectLOAN PORTFOLIOS
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM EXTERNAL DEBT
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMACROECONOMICS
dc.subjectMARKET INTEREST RATE
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET VOLATILITY
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY AUTHORITIES
dc.subjectMONEY MARKET
dc.subjectNATIONAL SAVINGS
dc.subjectOFF BALANCE SHEET
dc.subjectOPERATING EFFICIENCY
dc.subjectOUTPUT
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO FLOWS
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPOSITIVE COEFFICIENT
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL FLOWS
dc.subjectPRIVATE CAPITAL INFLOWS
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPRODUCTION STRUCTURE
dc.subjectPROFITABILITY
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUSH FACTOR
dc.subjectPUSH FACTORS
dc.subjectRATE OF RETURN
dc.subjectREAL EXCHANGE RATE
dc.subjectREGIONAL DUMMIES
dc.subjectREGIONAL DUMMY
dc.subjectREGULATORY CAPITAL
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENTS
dc.subjectRETAINED EARNINGS
dc.subjectRETURNS
dc.subjectRISK AVERSION
dc.subjectRISK FACTOR
dc.subjectRISK MANAGEMENT
dc.subjectRISKY ASSETS
dc.subjectSAVINGS RATES
dc.subjectSOVEREIGN RISK
dc.subjectSUBSIDIARIES
dc.subjectTIER 1 CAPITAL
dc.subjectTIER 2 CAPITAL
dc.subjectTRADE FLOWS
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREASURIES
dc.subjectVALUATION
dc.titleBanking Flows and Financial Crisis : Financial Interconnectedness and Basel III Effectsen
dspace.entity.typePublication
okr.crossref.titleBanking Flows and Financial Crisis-Financial Interconnectedness and Basel III Effects
okr.date.disclosure2011-08-01
okr.date.doiregistration2025-04-10T11:06:30.762896Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111213102006
okr.guid918371468336693908
okr.identifier.doi10.1596/1813-9450-5769
okr.identifier.externaldocumentum000158349_20111213102006
okr.identifier.internaldocumentum15547897
okr.identifier.reportWPS5769
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/12/13/000158349_20111213102006/Rendered/PDF/WPS5769.pdfen
okr.region.administrativeWorld
okr.region.administrativeWorld
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication15ad6511-d287-58b3-a826-22cbb2bd8097
relation.isAuthorOfPublication.latestForDiscovery15ad6511-d287-58b3-a826-22cbb2bd8097
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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