The Transmission of Banking Crises to Households : Lessons from the 2008-2011 Crises in the ECA Region

This paper examines the impact of the recent banking crises in Europe and Central Asia with an emphasis on household income and consumption patterns. The analysis is based on the 2010 wave of the Life in Transition Survey, which covers 12,704 households in eleven countries that experienced a banking...

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Bibliographic Details
Main Author:	Brown, Martin
Format:	Policy Research Working Paper
Language:	en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	Access to Bank access to banking access to banking services access to credit access to finance access to formal credit agricultural activities agricultural products agricultural sector agricultural sectors amount of loan asset accumulation balance sheets balance-sheet Bank account bank branches bank claims bank credit bank creditors bank deposits bank lending bank nationalizations Bank Policy Banking Crises banking crisis banking relationships banking sector banking system banks bondholders Borrowing budget constraints capital market capital market funding central bank commodities consumer credit consumer loans consumption smoothing country fixed effects credit access credit card credit crunch credit crunches Credit growth Credit losses credit market credit rationing credit sources creditor creditors crisis countries Cross-border banking currency crises currency crisis currency devaluation debt debt accumulation debt crises debt crisis Debt Overhang debt-service deposit deposit accounts deposit funding Deposit Insurance deposit money banks depositor depositors deposits devaluation developing countries developing economies distribution of income diversification diversified income domestic banking domestic banks domestic credit domestic currency dummy variable durable durable goods Earnings economic activities economic activity economic crises economic crisis economic development economic difficulties economic growth Economic Policy emerging economies emerging markets enrollment equilibrium credit exchange rate exchange rates expansionary monetary policy expenditure expenditures exposure extension of credit family business family businesses Federal Reserve financial assets financial crises financial crisis Financial globalization financial institution financial institutions financial liabilities Financial Market financial markets financial sector financial sector development financial services Financial Shocks Financial Studies fiscal policy floating exchange rates foreign bank foreign banks foreign currency foreign currency debt foreign currency loans formal banking formal credit government budget government debt household access household debt household income Household Incomes Household Welfare Households income group income groups income level income levels income shock income shocks inflation informal credit installments institutional environment instrument International Bank International bank lending International Economics investment purposes labor market labor markets legal environment liquid financial assets liquidations liquidity liquidity assistance liquidity constraints loan loan applications local currency low-income countries macroeconomic policy market discipline market share Microfinance middle-income countries middle-income economies Monetary Fund monetary policy Mortgage Mortgage lending mortgages Multinational Multinational banks negative income shock negative shocks Non Performing Loans NPL output output loss ownership structure payment services physical access policy response policy responses portfolio private sector credit provision of credit provision of mortgage Public Debt Public Policy public spending real economic activity Recession remittance remittances Risk Management risky loans safety net safety nets savings savings banks self-employment social safety net social safety nets social security source of income sovereign debt stocks tax term Credit trade credit treasury unemployment union urban areas use of bank credit wealth effect working capital World Development Indicators
Online Access:	http://hdl.handle.net/10986/16322