http://www.VoxEU.org Recent Alberto Zazzaro articles on VoxEU.org en http://www.VoxEU.org/index.php?q=node/9028 Luca Papi, Andrea F Presbitero, Alberto Zazzaro, 25 February 2013

The IMF’s role in past systemic banking crises has been hotly debated. Indeed, prominent intellectuals have criticised the Fund for creating or exacerbating crises. This column discusses new evidence showing that IMF lending programmes are in fact associated with a lower probability of banking crises occurring in future.

Full Article: IMF lending and banking crises]]> Mon, 25 Feb 2013 00:00:00 GMT http://www.VoxEU.org/index.php?q=node/9028 http://www.VoxEU.org/index.php?q=node/8153 Andrea F Presbitero, Alberto Zazzaro, 26 June 2012

In the wake of the global crisis the IMF has increased its exposure and modified its lending approach. This column looks at IMF loan arrangements in developing countries since 2008 and suggests that the Fund has played a role in dampening contagion effects. However, its lending operations have also been influenced by political similarity between borrowers and G7 governments.

Full Article: The IMF response to the crisis: Crisis prevention and political influence]]> Tue, 26 Jun 2012 00:00:00 GMT http://www.VoxEU.org/index.php?q=node/8153 http://www.VoxEU.org/index.php?q=node/7614 Andrea F Presbitero, Gregory F Udell, Alberto Zazzaro, 12 February 2012

Understanding credit crunches is a major concern for policymakers. This column suggests that the severity of a credit crunch in a specific area depends on the hierarchical structure of the banks operating in that credit market. It explores the Italian case and shows that, in the months following the collapse of Lehman Brothers, banks retracted disproportionally from markets that are more distant from their headquarters.

Full Article: Home bias and the credit crunch: Evidence from Italy]]> Sun, 12 Feb 2012 00:00:00 GMT http://www.VoxEU.org/index.php?q=node/7614