Kniha Systemic Financial Crises Patrick HonohanLuc Laeven

Systemic Financial Crises

Containment and Resolution

Jazyk: Angličtina
Vazba: Pevná
Dostupnost: Skladem u dodavatele
Odesíláme za 10-18 dnů
2 349
This book was first published in 2005. Faced with a systemic financial sector crisis, policymakers n...

Informace o knize

Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
2005
Stránek
400
EAN
9780521851855
ISBN
0521851858
Enbook ID
02047080
Hmotnost
760
Rozměry
163 x 236 x 27

Kompletní popis

This book was first published in 2005. 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.

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