Systemic Financial Crises - Containment and Resolution (Hardcover)

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 macro- economic (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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 2005
First published:	2005
Editors:	Patrick Honohan • Luc Laeven
Dimensions:	236 x 163 x 27mm (L x W x T)
Format:	Hardcover
Pages:	400
ISBN-13:	978-0-521-85185-5
Categories:	Books > Business & Economics > Finance & accounting > Finance > General Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry Books > Money & Finance > General
LSN:	0-521-85185-8
Barcode:	9780521851855

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