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Systemic financial crises : = containment and resolution /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Systemic financial crises :/ edited by Patrick Honohan, Luc Laeven.
Reminder of title:	containment and resolution /
other author:	Honohan, Patrick,
Description:	1 online resource (xi, 384 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Financial crises. -
Online resource:	https://doi.org/10.1017/CBO9780511528521
ISBN:	9780511528521 (ebook)

Systemic financial crises : = containment and resolution /
Systemic financial crises :containment and resolution /edited by Patrick Honohan, Luc Laeven. - 1 online resource (xi, 384 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

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.

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.

ISBN: 9780511528521 (ebook)Subjects--Topical Terms:

561050
Financial crises.

LC Class. No.: HB3722 / .S97 2005

Dewey Class. No.: 338.5/42

Systemic financial crises : = containment and resolution /
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245 0 0 $a Systemic financial crises : $b containment and resolution / $c edited by Patrick Honohan, Luc Laeven.
264 1 $a Cambridge : $b Cambridge University Press, $c 2005.
300 $a 1 online resource (xi, 384 pages) : $b digital, PDF file(s).
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 $a 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.
520 $a 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.
650 0 $a Financial crises. $3 561050
700 1 $a Honohan, Patrick, $e editor. $3 1442262
700 1 $a Laeven, Luc, $e editor. $3 1442263
776 0 8 $i Print version: $z 9780521851855
856 4 0 $u https://doi.org/10.1017/CBO9780511528521