There is a fundamental reason, the authors of this text contend,
why national financial systems falter and collapse: the failure of
central banks and other supervisory authorities to deal promptly
and decisively with insolvent banks. In "Preventing Financial
Chaos" Ramsey and Head, both well-known to the international
banking community for their restructuring services in developing
and transitional economies, take a no-nonsense attitude and show
exactly how to usher a problem bank out of the financial system in
any country. Their clearly defined rules and procedures build
disciplined, competent action that activates political will and
successfully curtails systemic chaos.
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