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Banking, financial integration, and international crises : an overview

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  • Leonardo Hernández
  • Klaus Schmidt-Hebbel

Abstract

This paper summarizes new research on the relationship among institutions, financial development, economic growth, financial integration, and the likelihood of boom-bust cycles and banking crises. The first part of the paper reviews issues pertaining mainly to the banking sector, and summarizes new findings regarding banking regulation and supervision and the behavior of depositors and other market participants. New findings on the internationalization of banking, boom-bust cycles and macro-financial linkages during financial integration, the elements of international financial crises, and the role of capital controls to reduce macroeconomic vulnerability are reviewed in the second part of the paper.

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Bibliographic Info

Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 100.

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Date of creation: Jul 2001
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Handle: RePEc:chb:bcchwp:100

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Cited by:
  1. Pierre-Olivier Gourinchas & Maurice Obstfeld, 2011. "Stories of the Twentieth Century for the Twenty-First," NBER Working Papers 17252, National Bureau of Economic Research, Inc.
  2. Lili Xie, 2007. "Universal Banking, Conflicts of Interest and Firm Growth," Working Papers 200703, Ball State University, Department of Economics, revised Jul 2007.
  3. Idrovo Aguirre, Byron & Lennon S., Joaquín, 2013. "Una Aplicación de Métodos de Detección de Burbuja Inmobiliaria: Caso Chile
    [Methods for Detection Housing Bubble: Evidence from Chile]
    ," MPRA Paper 44741, University Library of Munich, Germany, revised 04 Mar 2013.
  4. Lili Xie, 2007. "Universal Banking, Conflicts of Interest and Firm Growth," Journal of Financial Services Research, Springer, vol. 32(3), pages 177-202, December.

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