Strengthening Incentives for Private Sector Performance (2007)
Biagio Bossone, Larry Promisel, Masood Ahmed, Gerard Caprio, Stijn Claessens, Patrick Honohan, ...
The East Asian crisis has underscored the importance of strong domestic policies and institutions in enabling countries to integrate successfully into the global financial community. From the crisis,...
Gerard Caprio, William Hunter, George Kaufman, Danny Lepziger, The World Bank, Jeffrey A. Frankel, ...
anking and finance. It is constructive to consider how and why views have changed since then. Capitalism is broad enough to encompass competing models, including 2 competing models of financial...
Systemic Banking Crises (2007)
Gerard Caprio, Daniela Klingebiel, East Asia
The following table presents information on 117 systemic banking crises (defined as much or all of bank capital being exhausted) that have occurred in 93 countries since the late 1970s. The table...
Xin Chen provided extraordinary research assistance. We received helpful comments from (2007)
James R. Barth, Gerard Caprio, Ross Levine, Asli Demirguc-kunt, Simeon Djankov, Patrick Honohan, ...
the help of Iffath Sharif and Cindy Lee, as well as financial support from the World Bank.
David Scott, Tom Rose (thail, Margery Waxman, Ernesto Aguirre, Gerard Caprio, Oliver Fratzscher, ...
Gerard Caprio, Daniela Klingebiel
Few areas of the world have escaped significant losses In a companion paper (Caprio and Klingebiel, "Bank from episodes of bank insolvency. Bank insolvency is Insolvency: Bad Luck, Bad...
Wink and Karl-Heinz Hillen from the German Bundesbank, Joergen Bang from the (2007)
Thorsten Beck, German Bank Association, Charles Calomiris, Gerard Caprio, Aslı Demirgüç-kunt, Udo Franke, ...
Abstract: This paper describes and evaluates the deposit insurance scheme set up by private commercial banks in Germany in 1975. Unlike schemes in other countries, its funding and management is...
Gerard Caprio, Patrick Honohan
This research could not have been completed without the help of Xin Chen and Anqing Shi, both of whom provided extraordinary research assistance. We are grateful to Ross Levine for helpful comments.
a. Macro-Imbalances and the Macro-Stabilization Program of 1984–87 (2007)
Leonardo Hernandez, Daniela Klingebiel, Gerard Caprio, Simeon Djankov, Swati R. Ghosh
(*) World Bank and (**) Central Bank of Chile. Valuable comments were received from
Patrick Honohan, Daniela Klingebiel, Gerard Caprio, Stijn Claessens, Asli Demirguç-kunt, ...
In recent decades, a majority of countries—rich and poor alike—have experienced a systemic banking crisis requiring a major—and expensive—overhaul of their banking system. Not only do banking...
Bank regulation and supervision: what works best (2003)
James R. Barth, Gerard Caprio, Ross Levine, Jel Classification, Asli Demirgüç-kunt, Simeon Djankov, ...
the help of Iffath Sharif and Cindy Lee, as well as financial support from the World Bank. Xin Chen provided extraordinary research assistance. We received helpful comments from
Bank regulation and supervision: what works best (2003)
James R. Barth, Gerard Caprio, Ross Levine, Jel Classification, Asli Demirgüç-kunt, Simeon Djankov, ...
the help of Iffath Sharif and Cindy Lee, as well as financial support from the World Bank. Xin Chen provided extraordinary research assistance. We received helpful comments from
Governance and bank valuation (2003)
Gerard Caprio, Luc Laeven, Ross Levine, Thorsten Beck, George Benston, Sugato Bhattacharyya, ...
Which public policies and ownership structures enhance the governance of banks? This paper constructs a new database on the ownership of banks internationally and then assesses the ramifications of...
and Raj Singh gave helpful feedback on an earlier draft, but are in no way implicated here. The findings do not necessarily represent the opinions of The World Bank, its management, the Executive...
Finance for Growth: Policy Choices in a Volatile World (2001)
Caprio, Gerard, Honohan, Patrick
Understanding just how finance contributes to development—and how good policy can help guarantee its contribution—has been the focus of a major research effort in recent years. This research has...
The Regulation and Supervision of Banks around the World: A New Database (2001)
Barth, James R., Caprio, Gerard., Levine, Ross.
Brookings-Wharton Papers on Financial Services - 2001
Does financial reform raise or reduce saving? (2000)
Bandiera, Oriana, Caprio, Gerard, Honohan, Patrick, Schiantarelli, Fabio
Does financial reform raise or reduce saving? (2000)
Bandiera, Oriana, Caprio, Gerard, Honohan, Patrick, Schiantarelli, Fabio
Episodes of Systemic and Borderline Financial Crises (1999)
Gerard Caprio, Daniela Klingebiel
The following table presents information on 113 systemic banking crises (defined as much or all of bank capital being exhausted) that have occurred in 93 countries since the late 1970s. The table...
Does Financial Reform Raise or Reduce Savings? (1998)
Bandiera , Oriana, Caprio , Gerard, Honohan , Patrick, Schiantarelli , Fabio
The effect of financial liberalization on private saving is theoretically ambiguous, not only because the link between interest rate levels and saving is itself ambiguous, but also because financial...
The Role of Long-Term Finance: Theory and Evidence (1998)
Caprio, Gerard, Demirgü-Kunt, Ash
Improving the supply of long-term credit to industrial firms is considered a priority for growth in developing countries. A World Bank multicountry study looks at whether a long-term credit shortage...
Mexico's Banking Crisis: Devaluation and Asset Concentration Effects (1997)
Caprio, Gerard Jr., Saunders, Anthony, Wilson, Berry
The sharp 1994-1995 Mexican peso devaluation was followed by a financial-sector crisis, forcing the Mexican government to retake control of several banks and to grant substantial assistance to many...
Mexico's Banking Crisis: Devaluation and Asset Concentration Effects (1997)
Caprio, Gerard Jr., Saunders, Anthony, Wilson, Berry
The sharp 1994-1995 Mexican peso devaluation was followed by a financial-sector crisis, forcing the Mexican government to retake control of several banks and to grant substantial assistance to many...
Bank Insolvency: Bad Luck, Bad Policy or Bad Banking (1997)
Gerard Caprio, Daniela Klingebiel
Since the late 1970s bank insolvencies have become increasingly common. Where these failures are systemic, they can drain a country's financial, institutional, and policy resources—resulting...
REFORMING FINANCE IN TRANSITIONAL SOCIALIST ECONOMIES (1994)
Financial reforms initiated in most transitional socialist economies do not yet adequately provide many of the financial services associated with market-oriented financial systems. Such...
Can the unsophisticated market provide discipline?
Caprio, Gerard, Honohan, Patrick
The authors question the widespread belief that market discipline on banks cannot be effective in less developed financial environments. There is no systematic tendency for low-income countries to...
Financial history : lessons of the past for reformers of the present
Caprio Jr., Gerard, Vittas, Dimitri
Among the lessons financial history offers: Macroeconomic stability - low inflation and sound public finance - is important for creating the right incentives for banks and for facilitating the...
Finance and its reform : beyond laissez-faire
Caprio, Gerard Jr., Summers, Lawrence H.
That the financial sector should be liberalized was the orthodox view in the mid-1970s, during a pendulum swing toward reliance on the free market. In the early 1980s, the pendulum swung back to the...
Bank regulation : the case of the missing model
Financial reform of one type or another has been increasingly popular since the early 1970s, but disappointment with the fruits of reform has been common. Reformers in Africa and in transitional...
Bank insolvencies : cross-country experience
Caprio, Gerard Jr., Klingebiel, Daniela
Few areas of the world have escaped significant losses from episodes of bank insolvency. Bank insolvency is more costly in the developing world, where losses represent a greater share of income. The...
The lender of last resort function under a currency board : the case of Argentina
Caprio, Gerard Jr., Dooley, Michael, Leipziger, Danny, Walsh, Carl
Within the current rules of the game, Argentina's central bank (BCRA) is charged with being the lender of last resort as well as providing full convertibility between pesos and U.S. dollars - two...
Caprio, Gerard, Laeven, Luc, Levine, Ross
Which public policies and ownership structures enhance the governance of banks? The authors construct a new database on the ownership of banks internationally and then assess the ramifications of...
Safe and sound banking in developing countries : we're not in Kansas anymore
Drawing on earlier work, the author reviews some of the salient facts about the boom in banking busts in developing countries. He then reviews policy responses taken by authorities in some of...
The role of long term finance : theory and evidence
Caprio Jr., Gerard, Demirguc-Kunt, Asli
The authors review the literature on term finance to place the research in context and discuss its implications for World Bank operations. Their project investigated whether industrial firms in...
Gerard Caprio, Luc Laeven, Ross Levine
Which public policies and ownership structures enhance the governance of banks? This paper constructs a new database on the ownership of banks internationally and then assesses the ramifications of...
Banking on crises : expensive lessons from recent financial crises
Caprio summarizes both basic and proximate factors behind financial crises, arguing that although a variety of factors contribute to the crises, the basic causes are information and incentive...
Financial regulation and performance : cross-country evidence
Barth, James R., Caprio Jr., Gerard, Levine, Ross
Costly bank failures in the past two decades have focused attention on the need to find ways to improve the performance of different countries'financial systems. Belief is overwhelming that financial...
Financial Regulation And Performance: Cross-Country Evidence
James R. Barth, Gerard Caprio Jr., Ross Levine
This paper examines three questions. First, do countries with relatively weak government/ bureaucratic systems impose harsher regulatory restrictions on activities of banks? Second, do countries with...
Does financial reform increase or reduce savings ?
Bandiera, Oriana, Caprio, Gerard, Honohan, Patrick, Schiantarelli, Fabio
Using Principal Components, the authors construct a 25-year time series index of financial liberalization for each of eight developing countries: Chile, Ghana, Indonesia, the Republic of Korea,...
Banking systems around the globe : do regulation and ownership affect the performance and stability?
Barth, James R., Caprio, Gerard, Levine, Ross
The authors report cross-country data on commercial bank regulation and ownership in more than 60 countries. They evaluate the links between different regulatory/ownership practices in those...
Bank regulation and supervision : what works best?
Barth, James R., Caprio Jr., Gerard, Levine, Ross
The authors draw on their new database on bank regulation and supervision in 107 countries to assess different governmental approaches to bank regulation and supervision and evaluate the efficacy of...
Banking policy and macroeconomic stability - an exploration
Caprio, Gerard Jr., Honohan, Patrick
Whether and when does banking serve to stabilize the economy? The authors view the banking system as a filter through which foreign and domestic shocks feed through to the domestic economy. The...
Monetary policy instruments for developing countries
Caprio, Gerard, Honohan, Patrick
In developing countries, the evolution of financial markets and growing disenchantment with directed credit programs and bank-by-bank credit ceilings have increased the interest in examining and...
Excess liquidity and monetary overhangs
Caprio, Gerard, Honohan, Patrick
The term"excess liquidity"may refer to the share of liquid assets in bank portfolios (the result of a retrenchment in bank lending, or a"credit crunch") or to money holdings of the nonbank public....
Policy uncertainty, information asymmetries, and financial intermediation
Financial reform is often accompanied by other changes, including structural adjustment. Entrepreneurs'judgements about investing in a post-reform world are important but so are banks'considerations...
Caprio, Gerard Jr., Levine, Ross
In the late 1980s, transitional socialist economies (TSEs) in Central and Eastern Europe were only somewhat more sophisticated than shell money systems: savings books or currency had to be used for...
Restoring Banking Stability: Beyond Supervised Capital Requirements
Gerard Caprio, Patrick Honohan
Emerging economies have been particularly prone to financial sector crises, reflecting marked information asymmetries and political interference, as well as the substantial volatility in underlying...
Does Financial Reform Raise or Reduce Savings?
Oriana Bandiera, Gerard Caprio Jr., Patrick Honohan, Fabio Schiantarelli
The effect of financial liberalization on private saving is theoretically ambiguous, not only because the link between interest rate levels and saving is itself ambiguous, but also because financial...
Mexico's Banking Crisis: Devaluation and Asset Concentration Effects
Berry Wilson, Anthony Saunders, Gerard Caprio Jr.
The sharp 1994-1995 Mexican peso devaluation was followed by a financial-sector crisis, forcing the Mexican government to retake control of several banks and to grant substantial assistance to many...
Does Financial Reform Raise or Reduce Saving?
Oriana Bandiera, Gerard Caprio, Patrick Honohan, Fabio Schiantarelli
The effect of financial liberalization on private saving is theoretically ambiguous, not only because the link between interest rate levels and saving is itself ambiguous, but also because financial...
Finance for Growth: Policy Choices in a Volatile World
Caprio, Gerard, Honohan, Patrick
Understanding just how finance contributes to development—and how good policy can help guarantee its contribution—has been the focus of a major research effort in recent years. This research has...
Discussion of 'Financial Innovation: What Have We Learnt?'
Gerard Caprio, Paul Bide, Paul Bloxham, Christopher Kent
capital regulations; disintermediation; financial innovation
Bank Regulations are Changing: For Better or Worse?
James R Barth, Gerard Caprio, Ross Levine
This paper presents new and official survey information on bank regulations in 142 countries and makes comparisons with two earlier surveys. The data do not suggest that countries have primarily...
Gerard Caprio, Patrick Honohan
The history of banking around the world has been punctuated by frequent systemic crises. As with Tolstoy’s ‘unhappy families,’ not all crises are the same; distinct roles have been played at...
The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats
Gerard Caprio, Asli Demirgüç-Kunt, Edward Kane
The intensity of recent turbulence in financial markets has surprised nearly everyone. This paper searches out the root causes of the crisis, distinguishing them from scapegoating explanations that...
Caprio,Gerard, Honohan,Patrick, Stiglitz,Joseph E.
The goal of this volume is to bring a more broad-based empirical experience than has been customary to the theoretical debate on how financial systems should be managed. This is achieved not only...
Caprio,Gerard, Atiyas,Izak, Hanson,James A.
This book examines the analytical basis and practical experience of financial reforms in a number of primarily developing countries. A key finding is that financial reforms have led to improved...
Caprio,Gerard, Honohan,Patrick, Stiglitz,Joseph E.
The goal of this volume is to bring a more broad-based empirical experience than has been customary to the theoretical debate on how financial systems should be managed. This is achieved not only...
Barth,James R., Caprio,Gerard, Levine,Ross
This volume assembles and presents a new database on bank regulation in over 150 countries (included also on CD). It offers the first comprehensive cross-country assessment of the impact of bank...
Barth,James R., Caprio,Gerard, Levine,Ross
This volume assembles and presents a new database on bank regulation in over 150 countries (included also on CD). It offers the first comprehensive cross-country assessment of the impact of bank...
Financial Regulation in a Changing World: Lessons from the Recent Crisis
The current crisis is leading many to re-think the role of finance and how it should be regulated. Yet many features of this crisis are decidedly not new. This paper reviews what was regarded as the...