Saturday, October 31, 2009

Bank Regulation and the Resolution of Banking Crises course: PDFs of articles

hi, I found useful to get the electronic version of the PDFs of these articles/texts in the Bank Regulation and the Resolution of Banking Crises course reader:

Unit 1 (updated Dec 23, 2009, & Dec 30, 2009):
  • Dewatripont & Tirole: http://www.cefims.ac.uk/pdfs/U1Dewatripont.pdf
  • Feldstein, M (1993), Comment to Boyd and Gertler (1993), p 375, in John Boyd & Mark Gertler, US Commercial Banking - Trends, Cycles and Policy, in NBER Macroeconomics Annual 1993, Volume 8, Olivier Blanchard and Stanley Fischer (eds), MIT Press. http://www.nber.org/chapters/c11003
  • Financial Services Authority (2009) The Turner Review: A regulatory response to the global banking crisis, London: Financial Services Authority, March, http://www.fsa.gov.uk/pubs/other/turner_review.pdf
  • WSJ Editorial (2009) 'One Cheer for Barney Frank - The credit raters lose their oligopoly.' WSJ, Dec 23, 2009. http://bipartisanalliance.blogspot.com/2009/12/credit-raters-lose-their-oligopoly.html
Unit 2:

That way, I need not to carry the reader with me, I can read the articles on any computer. I'll update this post with links to further units' articles.

If anyone has problems accessing some text I can send it via e-mail. Just drop a note in this blog.

Best Regards,


UPDATED twice: I found the PDFs for these three:

Unit 3:


As always, you can ask the files to be sent by e-mail.


UPDATED again Nov 09, 2009:

Unit 4:

Bagehot W (1873): Lombard Street: a description of the money market. London: HS King. http://www.gutenberg.org/etext/4359

Basel Committee on Banking Supervision (2002) ‘Supervisory Guidance on Dealing with Weak Banks’, Basel: Bank for International Settlements. http://www.bis.org/publ/bcbs88.pdf

Diamond D and P Dytvig (1983) ‘Bank Runs, Deposit Insurance and Liquidity’, Journal of Political Economy, Vol. 91, pp. 401–19. DiamondDytvig-BankRunsDepositInsuranceandLiquidity.pdf & .html

Dong He (2002) ‘Emergency Liquidity Facilities’, Chapter 5 of C Enoch, D Marston and M Taylor, Building Strong Banks through Surveillance and Resolution, Washington DC: International Monetary Fund. It can be enough to read http://www.imf.org/external/pubs/ft/wp/2000/wp0079.pdf (DongHe-EmergencyLiquiditySupportFacilities2000.pdf), IMF Working Paper 00/79

Freixas Xavier, Curzio Giannini, Glenn Hoggarth and Farouk Soussa (1999) ‘Lender of Last Resort: A Review of the Literature’, Bank of England, Financial Stability Review, November. http://www.bankofengland.co.uk/publications/fsr/1999/fsr07art6.pdf

James C (1991) ‘The Losses Realised in Bank Failures’, Journal of Finance, September, pp 1223–42. James-TheLossesRealisedinBankFailures1991.pdf


UPDATED again Dec 12, 2009:

Unit 5:

Chopra, Ajai, Kang, Kenneth, Karasulu, Meral, Liang, Hong, Ma, Henry and Richards, Anthony J., From Crisis to Recovery in Korea Strategy, Achievements, and Lessons (October 2001). IMF Working Paper, Vol. , pp. 1-94, 2001. http://ssrn.com/abstract=879974 Chopraetalii-FromcrisistorecoveryinKorea-strategyachievementsandlessonsOct2001.pdf (40 Mby)

Demirgüç-Kunt A and E Detragiache (2002) ‘Does deposit insurance increase banking system stability?’, Journal of Monetary Economics, Vol 49(7), October, pp 1373–406. You can request the PDF.

Dong He (2004) ‘The Role of KAMCO in Resolving Non-Performing Loans in the Republic of Korea’ IMF Working Paper, No. WP/04/172, International Monetary Fund, Washington D.C. You can request the PDF.

Glenn Hoggarth, Jack Reidhill and Peter Sinclair (2004) ‘On the resolution of banking crises: theory and evidence’, Bank of England Working Paper, No. 229. You can request the PDF.

Gillian Garcia (2000) Chapter 3: ‘A Survey of Deposit Insurance Practices’ Deposit Insurance – Actual and Good Practices, Occasional Paper, No. 197, International Monetary Fund, Washington D.C. I cannot find the PDF. There are two precursor papers published by the IMF previously, you can request them.

International Association of Deposit Insurers 2009 'Core Principles for Effective Deposit Insurance Systems'. June 2009. Request the PDF.

Optional:

David Hoelscher (2002) Chapter 9: ‘Guidelines for Bank Resolution’ in Enoch, C., D. Marston and M. Taylor Building Strong Banks Through Surveillance and Resolution, International Monetary Fund, Washington D.C. I cannot find the PDF.


Unit 6:

Abrams, R and M Taylor (2002) ‘Issues in the Unification of Financial Sector Supervision’, Chapter 6 in Charles Enoch, David Marston and Michael Taylor (eds) Building Strong Banks Through Surveillance and Resolution, Washington DC: International Monetary Fund.
Also: Abrams, Richard K. & Michael Taylor 2000 'Issues in the Unification of Financial Sector Supervision'. IMF Working Paper No. 00/213. Washington, DC: International Monetary Fund. http://www.imf.org/external/pubs/cat/longres.cfm?sk=3939.0

Elizabeth Brown (2007) ‘E Pluribus Unum – Out of Many: Why the United States Needs a Single Financial Services Agency’, University of Miami Business Law Review, Fall/Winter. Request the article.

Financial Stability Institute (2007) ‘Institutional Arrangements for Financial Sector Supervision’, Occasional Paper No. 7, Basel, Switzerland: Financial Stability Institute, BIS. http://www.bis.org/fsi/fsipapers07.htm

Goodhart, C (2000) ‘The Organisational Structure of Banking Supervision’, FSI Occasional Paper No. 1, November, Basel, Switzerland: Financial Stability Institute, BIS. http://www.bis.org/fsi/fsipapers01.pdf

The International Bank for Reconstruction and Development/The World Bank/The International Monetary Fund (2005) 'Financial Sector Assessment: A Handbook', Appendix F: ’Institutional Structure of Financial Regulation and Supervision’. Washington DC: IBRD, WB, IMF. Request the whole book.

Sinclair, Peter JN (2000) ‘Central Banks and Financial Stability’, Bank of England Quarterly Bulletin, November: 377–89. http://www.bankofengland.co.uk/publications/quarterlybulletin/qb000403.pdf

Taylor, Michael (1995) Twin Peaks: A Regulatory Structure for the New Century, London: Centre for the Study of Financial Innovation (December). I cannot find this publication in PDF.

US Treasury Department (2008) ‘The Department of the Treasury Blueprint for a Modernised Regulatory Financial Structure’ (April), Washington DC: US Treasury Department. http://www.treas.gov/press/releases/reports/Blueprint.pdf


Unit 7:

Armstrong, A. and M. Spencer (1998), ‘Will the Asian Phoenix Rise Again? Global Emerging Markets, Vol. 1 No. 3, October. I cannot find this paper.

Bordo, M., B. Eichengreen, D. Klingebiel and M. Soledad Martinez-Peria (2001) ‘Is the crisis problem growing more severe?’, Economic Policy, vol. 16(32) pages 51–82. BordoEichengreenKlingebielMartinez-Peria-Isthecrisisproblemgrowingmoresevere_EconomicPolicyv16(32)pp51–82.-2001.pdf

Financial Stability Forum (2008) ‘Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience’, April 07, http://www.financialstabilityboard.org/publications/r_0804.pdf

Caprio, G. and P. Honohan (1999) ‘Beyond Capital Ideals: Restoring Banking Stability’, World Bank Policy Research Working Paper No. 2235, Washington DC: The World Bank. http://ideas.repec.org/p/wbk/wbrwps/2235.html

Freixas, X., C. Giannini, G. Hoggarth and F. Soussa (2000) ‘The Lender of Last Resort: what have we learnt since Bagehot?’, Financial Services Research, 18(1), October, pp. 63–87.

Geithner, T. (2008) ‘Reducing Systemic Risk in a Dynamic Financial System’, Remarks at The Economic Club of New York, 12 June 2008, Federal Reserve Bank of New York. http://www.newyorkfed.org/newsevents/speeches/2008/tfg080609.html

Group of 30 (1993) ‘Derivatives: Practices and Principles’, Basel Switzerland: Global Derivatives Study Group. I cannot find the PDF.

Herring, R. (2003) ‘International Financial Conglomerates: Implications for Bank Insolvency Regimes’, Philadelphia Pennsylvania: Wharton School, University of Pennsylvania’, www.wharton.upenn.edu Request the paper.

Honohan, P. and A. Klingebiel (2000) ‘Controlling the Fiscal Costs of Banking Crises’, World Bank, Policy Research Working Paper WPS 2441, Washington DC: The World Bank. http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2000/11/04/000094946_0010200530432/Rendered/PDF/multi_page.pdf


UPDATED Dec 27, 2009:

Unit 8:

Alexander K, R Dhumale and J Eatwell (2006) 'Global Governance of Financial Systems: The International Regulation of Systemic Risk'. Oxford: Oxford University Press. No PDF.

Barth J, G Caprio Jr and R Levine (2006) Rethinking Bank Regulation – Till Angels Govern, Chapter 3 Section 3.H.3, Cambridge: Cambridge University Press. Files in JPEG format.

Crockett A (2001) ‘Issues in Global Financial Supervision’, speech given at the 36th SEACEN Governors’ Conference held in Singapore, 1 June. http://www.bis.org/speeches/sp010601.htm

Eatwell J and L Taylor (1998) ‘International Capital Markets and the Future of Economic Policy’, paper prepared for the Ford Foundation Project International Capital Markets and the Future of Economic Policy, New York: Center for Economic Policy Analysis; London: Institute for Public Policy Research. http://www.newschool.edu/cepa/publications/workingpapers/archive/cepa0309.pdf

Fischer S (1999) ‘On the Need for an International Lender of Last Resort’, Journal of Economic Perspectives, Fall, Volume 13, Number 4, 85–104.
Original speech: Stanley Fischer (1999) 'On the Need for an International Lender of Last Resort'. This is a slightly revised version of a paper prepared for delivery at the joint luncheon of the American Economic Association and the American Finance Association. New York, January 3, 1999. http://www.imf.org/external/np/speeches/1999/010399.htm

Geithner, T (2008) ‘Reducing Systemic Risk in a Dynamic Financial System’, Remarks at The Economic Club of New York, 12 June 2008, Federal Reserve Bank of New York. http://www.newyorkfed.org/newsevents/speeches/2008/tfg080609.html
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