[PDF] Systemic Banking Crises Revisited eBook

Author : Mr.Luc Laeven
Publisher : International Monetary Fund
Page : 49 pages
File Size : 19,94 MB
Release : 2018-09-14
Category : Business & Economics
ISBN : 1484377044

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This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises.

Author : Mr.Luc Laeven
Publisher : International Monetary Fund
Page : 48 pages
File Size : 33,16 MB
Release : 2018-09-14
Category : Business & Economics
ISBN : 1484376374

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This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises.

Author : Luc Laeven
Publisher :
Page : 59 pages
File Size : 15,51 MB
Release : 2020
Category : Bank management
ISBN :

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This paper updates the database on systemic banking crises presented in Laeven and Valencia (2013a). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide with or follow banking crises.

Author : Mr.Marc Quintyn
Publisher : International Monetary Fund
Page : 73 pages
File Size : 34,32 MB
Release : 2003-08-28
Category : Business & Economics
ISBN : 1589062248

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Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin American countries occurred within the context of highly dollarized economies, high levels of sovereign debt, severely limited fiscal resources, or combinations thereof. These factors have challenged the effectiveness of many of the typical tools for bank resolution. This publication focuses on the issues raised in systemic crises, not on the resolution of individual bank problems. Based on the lessons learned during the Asian crisis, it updates the IMF’s work on the general principles, strategies, and techniques for managing these crises.

Author : Irakli Kovzanadze
Publisher : iUniverse
Page : 221 pages
File Size : 20,39 MB
Release : 2010-09-21
Category : Business & Economics
ISBN : 145023061X

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In Systemic and Borderline Banking Crises, a well-respected doctor of economic sciences shares his comprehensive analysis of the genesis and growth of the systemic banking crisis in many countries, providing a useful resource for students, lecturers, and bankers who wish to broaden their study of economics. Irakli Kovzanadze is an economics professor who possesses more than twenty years of professional experience in the banking institutions of Georgia, other post-Soviet countries, and Europe. While presenting a summary of both the theoretical and practical approaches, addressing the causes and progression, and providing ways to forecast and prevent future banking crises, Dr. Kovzanadze delves into a series of related topics including: Types and forms of manifestation Role of monetary and credit policies in averting and overcoming a crisis Systemic banking crises in other countries and transitional economies Function of regulations and how they can create a sustainable banking system Principles of establishing a deposit insurance system in Georgia This study relies on research material reflective of the experiences of different countries and regions of the world to provide not only an in-depth look at Georgias current banking challenges, but also the ways to prevent a future crisis.

Author : Daniela Klingebiel
Publisher : World Bank Publications
Page : 68 pages
File Size : 28,20 MB
Release : 2002
Category : Business & Economics
ISBN : 9780821350560

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This volume provides two recent analyses of government responses to financial crises; they have been developed in the light of the recent East Asian crisis, but also draw on experiences from other regions. Issues discussed relate to: the tradeoffs involved in public policies for systemic financial and corporate sector restructuring; and the use of cross-country evidence to determine whether specific crisis containment and resolution policies effect the fiscal costs of resolving a crisis. The book also presents information on 113 systemic banking crises that have occurred in 93 countries since the 1970s, as well as 50 borderline or non-systemic banking crises in 44 countries during the same period.

Author : Charles W. Calomiris
Publisher : Princeton University Press
Page : 584 pages
File Size : 46,73 MB
Release : 2015-08-04
Category : Business & Economics
ISBN : 0691168350

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Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

Author : Mr.Luc Laeven
Publisher : International Monetary Fund
Page : 33 pages
File Size : 30,60 MB
Release : 2012-06-01
Category : Business & Economics
ISBN : 1475505051

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We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.

Author : Mr.Luc Laeven
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 16,20 MB
Release : 2012-06-01
Category : Business & Economics
ISBN : 9781475505054

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We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.

Author : Douglas Darrell Evanoff
Publisher : World Scientific
Page : 474 pages
File Size : 30,74 MB
Release : 2005
Category : Business & Economics
ISBN : 9812563482

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Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators.Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions ? including cross-country, cross-regulator, and institutional challenges ? and recommend how to move forward.