Michael Brei
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View article: Transmission of natural disasters to the banking sector: Evidence from thirty years of tropical storms in the Caribbean
Transmission of natural disasters to the banking sector: Evidence from thirty years of tropical storms in the Caribbean Open
International audience
View article: The countercyclical behavior of national development banks in Latin America and the Caribbean
The countercyclical behavior of national development banks in Latin America and the Caribbean Open
This paper investigates empirically the cyclical lending patterns of national development banks. To this purpose, we compare the lending activity of national development banks, across crisis and normal times, with that of public, foreign a…
View article: Protecting Species through Legislation: The Case of Sea Turtles
Protecting Species through Legislation: The Case of Sea Turtles Open
We evaluate the effectiveness of legislation in reducing the negative impacts of beachfront lighting on sea turtle nesting activity, one of the main threats to the species. To this end we construct a time varying index of ordinance effecti…
View article: Bad bank resolutions and bank lending
Bad bank resolutions and bank lending Open
The paper investigates whether impaired asset segregation tools,
\notherwise known as bad banks, and recapitalisation lead to a recovery
\nin the originating banks’ lending and a reduction in non-performing
\nloans (NPLs). Results are base…
View article: Bad Bank Resolutions and Bank Lending
Bad Bank Resolutions and Bank Lending Open
The paper investigates whether impaired asset segregation tools, otherwise known as bad banks, and recapitalisation lead to a recovery in the originating banks' lending and a reduction in non-performing loans (NPLs). Results are based on a…
View article: Bank Intermediation Activity in a Low Interest Rate Environment
Bank Intermediation Activity in a Low Interest Rate Environment Open
This paper investigates how a prolonged period of low‐interest rates affects bank intermediation activity. We use data for 113 large international banks headquartered in 14 major advanced economies during the period 1994–2015. We find that…
View article: The impact of natural disasters on the banking sector: Evidence from hurricane strikes in the Caribbean
The impact of natural disasters on the banking sector: Evidence from hurricane strikes in the Caribbean Open
While natural disasters cause considerable damage and a number of studies have attempted to investigate the nature and quantify the magnitude of these losses, there is a paucity of empirical evidence on the impact on the banking sector. In…
View article: Protecting Species through Legislation: The Case of Sea Turtles
Protecting Species through Legislation: The Case of Sea Turtles Open
We evaluate the effectiveness of legislation in reducing the negative impacts of beachfront lighting on sea turtle nesting activity, one of the main threats to the species. To this end we construct a time varying index of ordinance effecti…
View article: Reserve Requirements and Capital Flows in Latin America
Reserve Requirements and Capital Flows in Latin America Open
The experience of a number of central banks in emerging economies indicates that capital flows can pose a dilemma. For example, raising policy rates can attract more capital inflows by raising deposit rates. It has been suggested, however,…
View article: Financial structure and income inequality
Financial structure and income inequality Open
This paper empirically investigates the link between financial structure and income inequality. Using data for a panel of 97 economies over the period 1989-2012, we find that the relationship is not monotonic. Up to a point, more finance r…
View article: Credit risk of foreign bank branches and subsidiaries in Argentina and Uruguay
Credit risk of foreign bank branches and subsidiaries in Argentina and Uruguay Open
The paper presents both theoretical and empirical analysis to explain the differences in credit risks between branches and subsidiaries of foreign banks. Using a model with costly monitoring and asymmetric information (from the perspective…
View article: The Distance Effect in Banking and Trade
The Distance Effect in Banking and Trade Open
The empirical gravity literature finds geographical distance to be a large and growing obstacle to trade, contradicting the popular notion that globalization heralds "the end of geography". This distance puzzle disappears, however, when me…
View article: Interest margins and bank regulation in Central America and the Caribbean
Interest margins and bank regulation in Central America and the Caribbean Open
This paper examines empirically the determinants of bank interest margins in Central America and the Caribbean over the period 1998–2014. A particular focus is set on the impact of differences in the regulatory environment and market struc…