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

Vista sencilla de ítem
dc.creatorBrown, Martin
dc.date2013-11-27T16:41:00Z
dc.date2013-11-27T16:41:00Z
dc.date2013-07
dc.date.accessioned2026-07-01T00:59:56Z
dc.descriptionThis 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 crisis between 2008 and 2011. It finds that households in middle-income crisis countries are more than twice as likely to be hit by an income shock as households in high-income crisis countries. The labor market channel is the predominant source of income shocks, with wage reductions more widespread than job-losses. In reaction to income shocks, households reallocate spending from non-essential goods to staple foods. Reductions in staple-food consumption are, however, prevalent among low-income households. The paper examines potential crisis mitigators and finds that at the macro level a flexible monetary regime is associated with fewer cutbacks in household consumption. At the meso level, it finds no evidence that foreign bank ownership amplified the transmission of banking crises to households in Europe. With respect to micro-level mitigators, the analysis finds that diversified income sources as well as stocks of non-financial and financial assets help households to cushion income shocks. Access to informal and formal credit also mitigates the impact of income shocks on household consumption, with the former especially important in middle-income countries.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttps://hdl.handle.net/10986/16322
dc.identifierhttps://doi.org/10.1596/1813-9450-6528
dc.identifier.urihttp://hdl.handle.net/123456789/414043
dc.languageen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relationPolicy Research Working Paper;No.6528
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectAccess to Bank
dc.subjectaccess to banking
dc.subjectaccess to banking services
dc.subjectaccess to credit
dc.subjectaccess to finance
dc.subjectaccess to formal credit
dc.subjectagricultural activities
dc.subjectagricultural products
dc.subjectagricultural sector
dc.subjectagricultural sectors
dc.subjectamount of loan
dc.subjectasset accumulation
dc.subjectbalance sheets
dc.subjectbalance-sheet
dc.subjectBank account
dc.subjectbank branches
dc.subjectbank claims
dc.subjectbank credit
dc.subjectbank creditors
dc.subjectbank deposits
dc.subjectbank lending
dc.subjectbank nationalizations
dc.subjectBank Policy
dc.subjectBanking Crises
dc.subjectbanking crisis
dc.subjectbanking relationships
dc.subjectbanking sector
dc.subjectbanking system
dc.subjectbanks
dc.subjectbondholders
dc.subjectBorrowing
dc.subjectbudget constraints
dc.subjectcapital market
dc.subjectcapital market funding
dc.subjectcentral bank
dc.subjectcommodities
dc.subjectconsumer credit
dc.subjectconsumer loans
dc.subjectconsumption smoothing
dc.subjectcountry fixed effects
dc.subjectcredit access
dc.subjectcredit card
dc.subjectcredit crunch
dc.subjectcredit crunches
dc.subjectCredit growth
dc.subjectCredit losses
dc.subjectcredit market
dc.subjectcredit rationing
dc.subjectcredit sources
dc.subjectcreditor
dc.subjectcreditors
dc.subjectcrisis countries
dc.subjectCross-border banking
dc.subjectcurrency crises
dc.subjectcurrency crisis
dc.subjectcurrency devaluation
dc.subjectdebt
dc.subjectdebt accumulation
dc.subjectdebt crises
dc.subjectdebt crisis
dc.subjectDebt Overhang
dc.subjectdebt-service
dc.subjectdeposit
dc.subjectdeposit accounts
dc.subjectdeposit funding
dc.subjectDeposit Insurance
dc.subjectdeposit money banks
dc.subjectdepositor
dc.subjectdepositors
dc.subjectdeposits
dc.subjectdevaluation
dc.subjectdeveloping countries
dc.subjectdeveloping economies
dc.subjectdistribution of income
dc.subjectdiversification
dc.subjectdiversified income
dc.subjectdomestic banking
dc.subjectdomestic banks
dc.subjectdomestic credit
dc.subjectdomestic currency
dc.subjectdummy variable
dc.subjectdurable
dc.subjectdurable goods
dc.subjectEarnings
dc.subjecteconomic activities
dc.subjecteconomic activity
dc.subjecteconomic crises
dc.subjecteconomic crisis
dc.subjecteconomic development
dc.subjecteconomic difficulties
dc.subjecteconomic growth
dc.subjectEconomic Policy
dc.subjectemerging economies
dc.subjectemerging markets
dc.subjectenrollment
dc.subjectequilibrium credit
dc.subjectexchange rate
dc.subjectexchange rates
dc.subjectexpansionary monetary policy
dc.subjectexpenditure
dc.subjectexpenditures
dc.subjectexposure
dc.subjectextension of credit
dc.subjectfamily business
dc.subjectfamily businesses
dc.subjectFederal Reserve
dc.subjectfinancial assets
dc.subjectfinancial crises
dc.subjectfinancial crisis
dc.subjectFinancial globalization
dc.subjectfinancial institution
dc.subjectfinancial institutions
dc.subjectfinancial liabilities
dc.subjectFinancial Market
dc.subjectfinancial markets
dc.subjectfinancial sector
dc.subjectfinancial sector development
dc.subjectfinancial services
dc.subjectFinancial Shocks
dc.subjectFinancial Studies
dc.subjectfiscal policy
dc.subjectfloating exchange rates
dc.subjectforeign bank
dc.subjectforeign banks
dc.subjectforeign currency
dc.subjectforeign currency debt
dc.subjectforeign currency loans
dc.subjectformal banking
dc.subjectformal credit
dc.subjectgovernment budget
dc.subjectgovernment debt
dc.subjecthousehold access
dc.subjecthousehold debt
dc.subjecthousehold income
dc.subjectHousehold Incomes
dc.subjectHousehold Welfare
dc.subjectHouseholds
dc.subjectincome group
dc.subjectincome groups
dc.subjectincome level
dc.subjectincome levels
dc.subjectincome shock
dc.subjectincome shocks
dc.subjectinflation
dc.subjectinformal credit
dc.subjectinstallments
dc.subjectinstitutional environment
dc.subjectinstrument
dc.subjectInternational Bank
dc.subjectInternational bank lending
dc.subjectInternational Economics
dc.subjectinvestment purposes
dc.subjectlabor market
dc.subjectlabor markets
dc.subjectlegal environment
dc.subjectliquid financial assets
dc.subjectliquidations
dc.subjectliquidity
dc.subjectliquidity assistance
dc.subjectliquidity constraints
dc.subjectloan
dc.subjectloan applications
dc.subjectlocal currency
dc.subjectlow-income countries
dc.subjectmacroeconomic policy
dc.subjectmarket discipline
dc.subjectmarket share
dc.subjectMicrofinance
dc.subjectmiddle-income countries
dc.subjectmiddle-income economies
dc.subjectMonetary Fund
dc.subjectmonetary policy
dc.subjectMortgage
dc.subjectMortgage lending
dc.subjectmortgages
dc.subjectMultinational
dc.subjectMultinational banks
dc.subjectnegative income shock
dc.subjectnegative shocks
dc.subjectNon Performing Loans
dc.subjectNPL
dc.subjectoutput
dc.subjectoutput loss
dc.subjectownership structure
dc.subjectpayment services
dc.subjectphysical access
dc.subjectpolicy response
dc.subjectpolicy responses
dc.subjectportfolio
dc.subjectprivate sector credit
dc.subjectprovision of credit
dc.subjectprovision of mortgage
dc.subjectPublic Debt
dc.subjectPublic Policy
dc.subjectpublic spending
dc.subjectreal economic activity
dc.subjectRecession
dc.subjectremittance
dc.subjectremittances
dc.subjectRisk Management
dc.subjectrisky loans
dc.subjectsafety net
dc.subjectsafety nets
dc.subjectsavings
dc.subjectsavings banks
dc.subjectself-employment
dc.subjectsocial safety net
dc.subjectsocial safety nets
dc.subjectsocial security
dc.subjectsource of income
dc.subjectsovereign debt
dc.subjectstocks
dc.subjecttax
dc.subjectterm Credit
dc.subjecttrade credit
dc.subjecttreasury
dc.subjectunemployment
dc.subjectunion
dc.subjecturban areas
dc.subjectuse of bank credit
dc.subjectwealth effect
dc.subjectworking capital
dc.subjectWorld Development Indicators
dc.titleThe Transmission of Banking Crises to Households : Lessons from the 2008-2011 Crises in the ECA Region

Archivos

Colecciones

AgroKnow