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

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Ghosh, Swati R.
dc.contributor.author
Sugawara, Naotaka
dc.contributor.author
Zalduendo, Juan
dc.date.accessioned
2012-03-19T18:06:48Z
dc.date.available
2012-03-19T18:06:48Z
dc.date.issued
2011-08-01
dc.date.lastModified
2017-12-13T13:05:43Z
dc.description.abstract
This 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.identifier
http://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.uri
http://hdl.handle.net/10986/3684
dc.language
English
dc.relation.ispartofseries
Policy Research working paper ; no. WPS 5769
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ADVANCED COUNTRIES
dc.subject
ADVANCED ECONOMIES
dc.subject
ADVANCED ECONOMY
dc.subject
AGENCY PROBLEMS
dc.subject
AMOUNT OF CAPITAL
dc.subject
AMOUNT OF LOANS
dc.subject
ASSET PRICES
dc.subject
ASYMMETRIC INFORMATION
dc.subject
BALANCE OF PAYMENTS
dc.subject
BALANCE SHEET
dc.subject
BALANCE SHEETS
dc.subject
BANK LENDING
dc.subject
BANK OF ENGLAND
dc.subject
BANK POLICY
dc.subject
BANKING CRISES
dc.subject
BANKING INSTITUTIONS
dc.subject
BANKING SECTOR
dc.subject
BANKING SECTOR DEVELOPMENTS
dc.subject
BANKING SECTORS
dc.subject
BANKING SUPERVISION
dc.subject
BANKING SYSTEM
dc.subject
BANKING SYSTEMS
dc.subject
BASIS POINT
dc.subject
BASIS POINTS
dc.subject
BOND
dc.subject
BOND FLOWS
dc.subject
BOND MARKETS
dc.subject
BONDS
dc.subject
BORROWER
dc.subject
BORROWING
dc.subject
BUSINESS CYCLE
dc.subject
CAPITAL ACCOUNT
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL ADEQUACY RATIOS
dc.subject
CAPITAL BASE
dc.subject
CAPITAL FLOW
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL RATIO
dc.subject
CAPITAL RATIOS
dc.subject
CAPITAL REQUIREMENT
dc.subject
CAPITAL REQUIREMENTS
dc.subject
CAPITAL STANDARDS
dc.subject
CAPITAL STRUCTURE
dc.subject
CAPITALIZATION
dc.subject
COLLATERAL
dc.subject
CORPORATE GOVERNANCE
dc.subject
COST OF CAPITAL
dc.subject
COST OF EQUITY
dc.subject
COUNTRY RISK
dc.subject
CREDIT AVAILABILITY
dc.subject
CREDIT GROWTH
dc.subject
CREDIT MARKET
dc.subject
CREDIT MARKETS
dc.subject
CREDITOR
dc.subject
CRISIS COUNTRIES
dc.subject
CRISIS COUNTRY
dc.subject
CROSS-BORDER FLOWS
dc.subject
CURRENCY
dc.subject
CURRENCY CRISES
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT DEFICITS
dc.subject
DEBT
dc.subject
DEBT FLOWS
dc.subject
DEBT-EQUITY
dc.subject
DEBT-EQUITY SWAPS
dc.subject
DEBTOR
dc.subject
DECLINE IN INVESTMENT
dc.subject
DERIVATIVES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DIVIDEND
dc.subject
DIVIDEND PAYMENTS
dc.subject
DOMESTIC BANK
dc.subject
DOMESTIC CAPITAL
dc.subject
DUMMY VARIABLE
dc.subject
DUMMY VARIABLES
dc.subject
DURABLE
dc.subject
EMERGING MARKET
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
EMERGING MARKETS
dc.subject
EQUITY CAPITAL
dc.subject
EQUITY INVESTMENT
dc.subject
EQUITY INVESTMENTS
dc.subject
EXCHANGE RATE MOVEMENTS
dc.subject
EXCHANGE RATE REGIME
dc.subject
EXCHANGE RATES
dc.subject
EXPORT GROWTH
dc.subject
EXPOSURE
dc.subject
EXPOSURES
dc.subject
FACTORS OF PRODUCTION
dc.subject
FINANCIAL ASSET
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL DEVELOPMENT
dc.subject
FINANCIAL FLOWS
dc.subject
FINANCIAL INFRASTRUCTURE
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INTEGRATION
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL OPENNESS
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCIAL TRANSACTIONS
dc.subject
FLEXIBLE EXCHANGE RATE
dc.subject
FLOW OF INFORMATION
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVE
dc.subject
FOREIGN INTEREST
dc.subject
FOREIGN MARKETS
dc.subject
GLOBAL BANKING
dc.subject
GLOBAL CAPITAL
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL FINANCIAL MARKETS
dc.subject
GLOBAL RISKS
dc.subject
GOVERNMENT POLICIES
dc.subject
HOLDING
dc.subject
HOME COUNTRY
dc.subject
HOME MARKET
dc.subject
HOST COUNTRIES
dc.subject
HOST COUNTRY
dc.subject
INCOME
dc.subject
INFLATION
dc.subject
INTEREST DIFFERENTIAL
dc.subject
INTEREST DIFFERENTIALS
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE DIFFERENTIAL
dc.subject
INTEREST RATE DIFFERENTIALS
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL BANKING
dc.subject
INTERNATIONAL BANKS
dc.subject
INTERNATIONAL CAPITAL
dc.subject
INTERNATIONAL CAPITAL MARKET
dc.subject
INTERNATIONAL CREDIT
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
INTERNATIONAL ECONOMICS
dc.subject
INTERNATIONAL FINANCE
dc.subject
INTERNATIONAL FINANCIAL STATISTICS
dc.subject
INTERNATIONAL PORTFOLIO
dc.subject
INVESTING
dc.subject
INVESTMENT FLOWS
dc.subject
INVESTMENT RATES
dc.subject
ISSUANCES
dc.subject
LENDER
dc.subject
LENDERS
dc.subject
LENDING DECISIONS
dc.subject
LENDING SPREAD
dc.subject
LENDING SPREADS
dc.subject
LIQUIDITY
dc.subject
LIQUIDITY RISK
dc.subject
LOAN
dc.subject
LOAN PORTFOLIOS
dc.subject
LOCAL CURRENCY
dc.subject
LONG-TERM EXTERNAL DEBT
dc.subject
MACROECONOMIC CONDITIONS
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC VARIABLES
dc.subject
MACROECONOMICS
dc.subject
MARKET INTEREST RATE
dc.subject
MARKET PARTICIPANTS
dc.subject
MARKET VOLATILITY
dc.subject
MIDDLE-INCOME COUNTRIES
dc.subject
MINIMUM CAPITAL REQUIREMENTS
dc.subject
MONETARY AUTHORITIES
dc.subject
MONEY MARKET
dc.subject
NATIONAL SAVINGS
dc.subject
OFF BALANCE SHEET
dc.subject
OPERATING EFFICIENCY
dc.subject
OUTPUT
dc.subject
POLITICAL STABILITY
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO FLOWS
dc.subject
PORTFOLIO INVESTMENT
dc.subject
PORTFOLIO INVESTMENTS
dc.subject
POSITIVE COEFFICIENT
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE CAPITAL FLOWS
dc.subject
PRIVATE CAPITAL INFLOWS
dc.subject
PROBABILITY OF DEFAULT
dc.subject
PRODUCTION STRUCTURE
dc.subject
PROFITABILITY
dc.subject
PRUDENTIAL REGULATION
dc.subject
PRUDENTIAL REGULATIONS
dc.subject
PUSH FACTOR
dc.subject
PUSH FACTORS
dc.subject
RATE OF RETURN
dc.subject
REAL EXCHANGE RATE
dc.subject
REGIONAL DUMMIES
dc.subject
REGIONAL DUMMY
dc.subject
REGULATORY CAPITAL
dc.subject
REGULATORY FRAMEWORK
dc.subject
REPAYMENTS
dc.subject
RETAINED EARNINGS
dc.subject
RETURNS
dc.subject
RISK AVERSION
dc.subject
RISK FACTOR
dc.subject
RISK MANAGEMENT
dc.subject
RISKY ASSETS
dc.subject
SAVINGS RATES
dc.subject
SOVEREIGN RISK
dc.subject
SUBSIDIARIES
dc.subject
TIER 1 CAPITAL
dc.subject
TIER 2 CAPITAL
dc.subject
TRADE FLOWS
dc.subject
TRADING
dc.subject
TRANSACTION
dc.subject
TRANSACTION COSTS
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT
dc.subject
TREASURIES
dc.subject
VALUATION
dc.title
Banking Flows and Financial Crisis : Financial Interconnectedness and Basel III Effects
en
okr.date.disclosure
2011-08-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://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.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-5769
okr.identifier.externaldocumentum
000158349_20111213102006
okr.identifier.internaldocumentum
15547897
okr.identifier.report
WPS5769
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/12/13/000158349_20111213102006/Rendered/PDF/WPS5769.pdf
en
okr.region.administrative
The World Region
okr.region.administrative
The World Region
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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