Bibliograph

Systemic financial crises, containment and resolution, edited by Patrick Honohan, Luc Laeven

Type

Label

Systemic financial crises, containment and resolution, edited by Patrick Honohan, Luc Laeven

Language

eng

Index

index present

Literary Form

non fiction

Main title

Systemic financial crises

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

829713376

Responsibility statement

edited by Patrick Honohan, Luc Laeven

Series statement

Cambridge Social Sciences eBooks

Sub title

containment and resolution

Summary

This book was first published in 2005. Faced with a systemic financial sector crisis, policymakers need to make difficult choices under pressure. Based on the experience of many countries in recent years, few have been able to achieve a speedy, lasting and low-cost resolution. This volume considers the strengths and weaknesses of the various policy options, covering both microeconomic (including recapitalization of banks, bank closures, subsidies for distressed borrowers, capital adequacy rules and corporate governance and bankruptcy law requirements) and macroeconomic (including monetary and fiscal policy) dimensions. The contributors explore the important but little understood trade-offs that are involved, such as between policies which take effect quickly, those which minimize long-term fiscal and economic costs, and those which create favorable incentives for future stability. Successfully implementing crisis management and crisis resolution policy required attention to detail and a good flow of information.--, Provided by publisher

Table Of Contents

Introduction and overview / Patrick Honohan and Luc Laeven -- Financial crisis policies and resolution mechanisms: a taxonomy from cross-country experience / Charles W. Calomiris, Daniele Klingebiel, and Luc Laeven -- Pitfalls in managing closures of financial institutions / Carl-Johan Lindgren -- Fiscal, monetary, and incentive implications of bank recapitalization / Patrick Honohan -- Policies for banking crises: a theoretical framework / Rafael Repullo -- Crisis resolution, policies, and institutions: empirical evidence / Stijn Claessens, Daniela Klingebiel, and Luc Laeven -- Financial crises and the presence of foreign banks / Adrian Tschoegl -- Maximizing the value of distressed assets: bankruptcy law and the efficient reorganization of firms / David Smith and Per Strömberg -- Crisis resolution and credit allocation: the case of Japan / Joe Peek and Eric Rosengren -- Appendix: banking crisis database

Contributor

Subject