Systemic financial crises [electronic resource] : containment and resolution / edited by Patrick Honohan, Luc Laeven.
- Cambridge, U.K. ; New York, NY : Cambridge University Press, 2005.
1 online resource (396 p.)
- Financial crises.
- Electronic books.
- This 2005 book analyzes government policies to contain and resolve systemic financial crises.
- Cover; Title; Copyright; Contents; Contributors; Foreword; Acknowledgments; Part One. Introduction; 1 Introduction and Overview; Introduction; 1. review of the scale and severity of recent crises; 2. containment stage; 3. resolution stage; 5. structural reforms; 6. concluding remarks; Part Two. containment and resolution; 2 Financial Crisis Policies and Resolution Mechanisms: A Taxonomy from Cross-Country Experience; Introduction; 1. The policy setting; 2. A taxonomy of policy approaches to restoring solvency; 3. Conclusions; Acknowledgments
3 Pitfalls in Managing Closures of Financial InstitutionsIntroduction; 1. Terms and definitions; 2. Ten major pitfalls; 3. Conclusions; Acknowledgments; 4 Fiscal, Monetary, and Incentive Implications of Bank Recapitalization part three. models and econometric evidence; Introduction; 1. Disentangling the strands; 2. Ensuring that the bank has enough capital, liquidity,and incentives; 3. Government capital claims on the bank; 4. Implications for debt management; 5. Implications for monetary policy; 6. Conclusions; Acknowledgments; Part Three: Models and Econometric Evidence
5 Policies for Banking Crises: A Theoretical FrameworkIntroduction; 1. A model of information-based bank runs; 2. Policies for banking crises; 3. Concluding remarks; 6 Crisis Resolution, Policies, and Institutions: Empirical Evidence; Introduction; 1. Literature review and key policy measures; 2. Data and empirical methodology; 3. Estimation results; 4. Conclusions; Acknowledgments; 7 Financial Crises and the Presence of Foreign Banks; Introduction; 1. Foreign direct investment in banking in developing economies; 2. Effect of foreign bank presence in crises
3. Roles of foreign banks in resolving crises4. Conclusions; 8 Maximizing the Value of Distressed Assets: Bankruptcy Law and the Efficient Reorganization of Firms; Introduction; 1. The role of bankruptcy in a world of incomplete contracting; 2. A comparison of international bankruptcy laws; 3. Bankruptcy law and ex ante efficiency; 4. Recommendations and conclusions; 9 Crisis Resolution and Credit Allocation: The Case of Japan; Introduction; 1. Did japan experience a capital crunch?; 2. Data and methods; 3. Empirical results; 4. Conclusions; Appendix: Banking Crisis Database; References
- Description based upon print version of record.
Includes bibliographical references and index.
- Honohan, Patrick.
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