International experiences of banking crises: management tools and macroeconomic consequences

Daniel Felcser and Gyöngyi Körmendi ()
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Gyöngyi Körmendi: Magyar Nemzeti Bank (central bank of Hungary)

MNB Bulletin (discontinued), 2010, vol. 5, issue 2, 13-21

Abstract: Our study summarises the experiences of earlier banking crises on the basis of international data. Following a review of the tools which can be used in the initial, acute phase of banking crises and a description of the lessons drawn from their application to date, we examine the macroeconomic consequences of banking crises. Based on international experiences, although the growth rate of the economy may turn positive relatively quickly after a banking crisis, output losses are high, unemployment remains a problem for a longer time, and protracted adjustment processes start in the banking sector.

Keywords: banking crisis; containment policies; monetary policy; macroeconomic effects (search for similar items in EconPapers)
JEL-codes: E60 G01 G21 G28 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mnb:bullet:v:5:y:2010:i:2:p:13-21

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