scholarly journals Central Bank Involvement in Banking Crises in Latin America

2008 ◽  
Author(s):  
Luis Ignacio Jácome
Keyword(s):  
Latin America ◽  
Central Bank ◽  
Banking Crises

scholarly journals Central Bank Involvement in Banking Crises in Latin America

2008 ◽  
Vol 08 (135) ◽  
pp. 1 ◽  
Author(s):  
Luis Ignacio Jácome ◽  
Keyword(s):  
Latin America ◽  
Central Bank ◽  
Banking Crises

scholarly journals A historical analysis of central bank independence in Latin America: the Colombian experience, 1923-2008

2010 ◽  
Vol 28 (1) ◽  
pp. 83-102 ◽  
Author(s):  
Adolfo Meisel ◽  
Juan D. Barón
Keyword(s):  
Latin America ◽  
Central Bank ◽  
Historical Analysis ◽  
Central Bank Independence ◽  
Price Stability ◽  
Monetary Policies ◽  
The Relationship

AbstractThis paper explores the relationship between central bank independence and inflation in Latin America, using the experience of Colombia (1923-2008) as a case study. Since its creation, in 1923, Colombia’s central bank has undergone several reforms that have changed its objectives and degree of independence. Between 1923 and 1951, it was private and independent, with a legal commitment to price stability. In 1962, monetary responsibilities were divided between a government-dominated monetary board, in charge of monetary policies, and the central bank, which carried them out. In the early 1990s, the bank recovered its independence and its focus on price stability. Inflation varied substantially during these subperiods. Our analysis suggests that the central bank independence, combined with a commitment to price stability, renders the best results in terms of price stability.

scholarly journals Bank Risk Determinants in Latin America

Risks ◽  
2020 ◽  
Vol 8 (3) ◽  
pp. 94
Author(s):  
Mariña Martínez-Malvar ◽  
Laura Baselga-Pascual
Keyword(s):  
Latin America ◽  
Commercial Banks ◽  
Banking Crises ◽  
Data Driven ◽  
Bank Risk ◽  
Z Score ◽  
Analysis Method ◽  
Gmm Estimator ◽  
Main Bank ◽  
Risk Determinants

Systemic Banking crises are a recurrent phenomenon that affects society, and there is a need for a better understanding of the risk factors to support prudential regulation and reduce unnecessary risk intake in the financial system. This paper examines the main bank risk determinants in Latin America. The period analysed covers the timespan from 1999 to 2013, including the systemic banking crisis episodes in Argentina (2001–2003) and Uruguay (2002–2005). We apply a new data-driven comparable methodology to classify and select commercial banks from the sample. We study bank risk proxied by the Z-score. We use the system-GMM estimator as our main empirical analysis method. According to our results, well capitalized, liquid, and traditional commercial banks are less risky. We perform robustness tests by applying OLS, and the results resemble our original model.

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