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Financial crises - causes, consequences, and policy responses (Paperback)
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Financial crises - causes, consequences, and policy responses (Paperback)
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Financial Crises: Causes, Consequences, and Policy Responses
provides a comprehensive overview of research into financial crises
and policy lessons learned. The book covers a wide range of crises,
including banking, balance of payments, and sovereign debt crises.
It begins with an overview of the various types of crises and
introduces a comprehensive database of crises. Broad lessons on
crisis prevention and management, as well as the short-term
economic effects of crises, recessions, and recoveries are
discussed. The medium-term effects of financial crises on economic
growth, as well as policy measures to prevent booms, mitigate
busts, and avoid crises are analysed. Finally, policy measures for
mitigating the adverse impact of crises and ways to restructure
banks, households, and sovereigns are presented. The collection of
research in this book provides an excellent overview of critical
policy areas, with valuable lessons on how countries can better
monitor their economies and financial systems.
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