Systemic Financial Crises : Containment and Resolution

Patrick Honohan

ISBN 10: 1107407206 / ISBN 13: 9781107407206

Published by Cambridge University Press, 2012

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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 macroeconomic (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.

Seller Inventory # 9781107407206

Bibliographic Details

• Title: Systemic Financial Crises : Containment and Resolution
• Publisher: Cambridge University Press
• Publication Date: 2012
• Language: English
• ISBN 10: 1107407206
• ISBN 13: 9781107407206
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 229W x 152H x 21D millimeters 229 millimeters width by 152 millimeters height by 21 millimeters depth
• Weight: 577 grams

About this title

Synopsis

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 macroeconomic (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.

Book Description

This volume considers the strengths and weaknesses of the various policy options for systemic financial crises, covering both microeconomic (including recapitalization of banks, bank closures, subsidies for distressed borrowers, capital adequacy rules and corporate governance and bankruptcy law requirements) and macroeconomic (including monetary and fiscal policy) dimensions.