Managing the Real and Fiscal Effects of 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 the Real and Fiscal Effects of Banking Crises write by Daniela Klingebiel. This book was released on 2002. Managing the Real and Fiscal Effects of Banking Crises available in PDF, EPUB and Kindle. This volume provides two recent analyses of government responses to financial crises; they have been developed in the light of the recent East Asian crisis, but also draw on experiences from other regions. Issues discussed relate to: the tradeoffs involved in public policies for systemic financial and corporate sector restructuring; and the use of cross-country evidence to determine whether specific crisis containment and resolution policies effect the fiscal costs of resolving a crisis. The book also presents information on 113 systemic banking crises that have occurred in 93 countries since the 1970s, as well as 50 borderline or non-systemic banking crises in 44 countries during the same period.
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.
Financial Crises Explanations, Types, and Implications
Financial Crises Explanations, Types, and Implications - 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 Financial Crises Explanations, Types, and Implications write by Mr.Stijn Claessens. This book was released on 2013-01-30. Financial Crises Explanations, Types, and Implications available in PDF, EPUB and Kindle. This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Financial Crises
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 Financial Crises write by Mr.Stijn Claessens. This book was released on 2014-02-19. Financial Crises available in PDF, EPUB and Kindle. The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries, are discussed.
Managing the Sovereign-Bank Nexus
Managing the Sovereign-Bank Nexus - 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 the Sovereign-Bank Nexus write by Mr.Giovanni Dell'Ariccia. This book was released on 2018-09-07. Managing the Sovereign-Bank Nexus available in PDF, EPUB and Kindle. This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.
