The transmission of banking crises to households [electronic resource] : lessons from the 2008-2011 crises in the ECA region / Martin Brown.
"This paper examines the impact of the recent banking crises in Europe and Central Asia on households' incomes 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 cr...
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| Other title: | Transmission of banking crises to households : lessons from the 2008-2011 crises in the ECA (Europe and Central Asia) region |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
World Bank, Development Economics, Office of the Senior Vice President and Chief Economist,
2013.
|
| Series: | Policy research working paper (World Bank) ;
no. 6528. |
| Subjects: |
MARC
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| 100 | 1 | |a Brown, Martin. |0 http://id.loc.gov/authorities/names/n88249172 | |
| 245 | 1 | 4 | |a The transmission of banking crises to households |h [electronic resource] : |b lessons from the 2008-2011 crises in the ECA region / |c Martin Brown. |
| 246 | 3 | 0 | |a Transmission of banking crises to households : lessons from the 2008-2011 crises in the ECA (Europe and Central Asia) region |
| 260 | |a Washington, D.C. : |b World Bank, Development Economics, Office of the Senior Vice President and Chief Economist, |c 2013. | ||
| 300 | |a 1 online resource (35 pages). | ||
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| 490 | 1 | |a Policy research working paper / World Bank ; |v no. 6528 | |
| 500 | |a "July 2013." | ||
| 500 | |a "This paper - prepared as a background paper to the World Bank's World Development Report 2014: Managing Risk for Development."--Pg.2. | ||
| 520 | |a "This paper examines the impact of the recent banking crises in Europe and Central Asia on households' incomes 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."--Summary. | ||
| 650 | 0 | |a Bank failures |z Europe. | |
| 650 | 0 | |a Bank failures |z Asia, Central. | |
| 650 | 0 | |a Households |z Europe. | |
| 650 | 0 | |a Households |z Asia, Central. | |
| 650 | 0 | |a Income distribution |z Europe. | |
| 650 | 0 | |a Income distribution |z Asia, Central. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009. |0 http://id.loc.gov/authorities/subjects/sh2009003683 | |
| 650 | 7 | |a Bank failures. |2 fast | |
| 650 | 7 | |a Households. |2 fast | |
| 650 | 7 | |a Income distribution. |2 fast | |
| 651 | 7 | |a Central Asia. |2 fast | |
| 651 | 7 | |a Europe. |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq | |
| 647 | 7 | |a Global Financial Crisis |d (2008-2009) |2 fast |0 (OCoLC)fst01755654 |1 https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm | |
| 648 | 7 | |a 2008-2009 |2 fast | |
| 710 | 2 | |a World Bank. |b Office of the Vice President, Development Economics. |0 http://id.loc.gov/authorities/names/n88012705 |1 http://isni.org/isni/0000000104300930 | |
| 776 | 0 | 8 | |i Print version: |i Brown, Martin |t Transmission of Banking Crises to Households. |d Washington, D.C. : The World Bank, 2013 |
| 856 | 4 | 0 | |u https://openknowledge.worldbank.org/handle/10986/16322 |z Full Text (via Open Knowledge Repository) |
| 830 | 0 | |a Policy research working paper (World Bank) ; |v no. 6528. | |
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