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130530s2005 enk eng |
| 020 |
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|a 1107407206 (paperback : alk. paper)
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| 020 |
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|a 9780521851855 (hardback : alk. paper)
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| 020 |
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|a 9781107407206 (paperback : alk. paper)
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|a HB3722
|b .S97 2005
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| 090 |
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|a HB3722
|b .S97 2005
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| 245 |
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|a Systemic financial crises :
|b containment and resolution
|c edited by Patrick Honohan, Luc Laeven
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| 260 |
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|a Cambridge :
|b Cambridge University Press ,
|c c2005
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| 300 |
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|a xii, 384 p. :
|b ill. ;
|c 23 cm.
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| 500 |
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|a Originally published: 2005
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| 504 |
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|a Includes bibliographical references (p. 341-359) and index
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| 505 |
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|a 1. Introduction and overview -- 2. Financial crisis policies and resolution mechanisms: a taxonomy from cross-country experience -- 3. Pitfalls in managing closures of financial institutions -- 4. Fiscal, monetary, and incentive implications of bank recapitalization -- 5. Policies for banking crises: a theoretical framework -- 6. Crisis resolution, policies, and institutions: empirical evidence -- 7. Financial crises and the presence of foreign banks -- 8. Maximizing the value of distressed assets: bankruptcy law and the efficient reorganization of firms -- 9. Crisis resolution and credit allocation: the case of Japan
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| 520 |
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|a This book analyses government policies to contain and resolve systemic financial crises. 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
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| 650 |
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|a Economic forecasting
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| 650 |
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|a Financial crises
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| 650 |
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|a Investments
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| 700 |
1 |
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|a Honohan, Patrick ,
|e author
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| 700 |
1 |
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|a Laeven, Luc ,
|e author
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| 999 |
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|a 1000156895
|b Book
|c OPEN SHELF (30 DAYS)
|e Gong Badak Campus
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