Managing Systemic Banking Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Systemic Banking Crises write by Ms.Marina Moretti. This book was released on 2020-02-11. Managing Systemic Banking Crises available in PDF, EPUB and Kindle. This paper updates the IMF’s work on general principles, strategies, and techniques from an operational perspective in preparing for and managing systemic banking crises in light of the experiences and challenges faced during and since the global financial crisis. It summarizes IMF advice concerning these areas from staff of the IMF Monetary and Capital Markets Department (MCM), drawing on Executive Board Papers, IMF staff publications, and country documents (including program documents and technical assistance reports). Unless stated otherwise, the guidance is generally applicable across the IMF membership.
Managing Systemic Banking Crises
Managing Systemic Banking Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Systemic Banking Crises write by Mr.Marc Quintyn. This book was released on 2003-08-28. Managing Systemic Banking Crises available in PDF, EPUB and Kindle. Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin American countries occurred within the context of highly dollarized economies, high levels of sovereign debt, severely limited fiscal resources, or combinations thereof. These factors have challenged the effectiveness of many of the typical tools for bank resolution. This publication focuses on the issues raised in systemic crises, not on the resolution of individual bank problems. Based on the lessons learned during the Asian crisis, it updates the IMF’s work on the general principles, strategies, and techniques for managing these crises.
Systemic Banking Crises Revisited
Systemic Banking Crises Revisited - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Systemic Banking Crises Revisited write by Mr.Luc Laeven. This book was released on 2018-09-14. Systemic Banking Crises Revisited available in PDF, EPUB and Kindle. This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises.
Systemic Banking Crises Database
Systemic Banking Crises Database - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Systemic Banking Crises Database write by Mr.Luc Laeven. This book was released on 2012-06-01. Systemic Banking Crises Database available in PDF, EPUB and Kindle. We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.
Resolving Systemic Financial Crises
Resolving Systemic Financial Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Resolving Systemic Financial Crises write by Daniela Klingebiel. This book was released on 2004. Resolving Systemic Financial Crises available in PDF, EPUB and Kindle. "Claessens, Klingebiel, and Laeven analyze the role of institutions in resolving systemic banking crises for a broad sample of countries. Banking crises are fiscally costly, especially when policies like substantial liquidity support, explicit government guarantees on financial institutions' liabilities, and forbearance from prudential regulations are used. Higher fiscal outlays do not, however, accelerate the recovery from a crisis. Better institutions--less corruption, improved law and order, legal system, and bureaucracy--do. The authors find these results to be relatively robust to estimation techniques, including controlling for the effects of a poor institutional environment on the likelihood of financial crisis and the size of fiscal costs. Their results suggest that countries should use strict policies to resolve a crisis and use the crisis as an opportunity to implement medium-term structural reforms, which will also help avoid future systemic crises. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to study financial crisis resolution"--World Bank web site.
