Systemic financial crises : containment and resolution
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, lasti...
| Main Authors: | , |
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| Format: | Book |
| Language: | English |
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Cambridge :
Cambridge University Press ,
c2005
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| Subjects: |
Table of Contents:
- 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