Filling the Gaps — the Vienna Initiative and the Role of International Financial Institutions in Crisis Management and Resolution

Erik Berglof
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Erik Berglof: European Bank for Reconstruction and Development

Chapter 11 in The Global Macro Economy and Finance, 2012, pp 211-223 from Palgrave Macmillan

Abstract: Abstract Global financial integration has proceeded ahead of supporting governance arrangements. As a result large gaps have developed in regulation and supervision, and in crisis management and resolution. The incompleteness of the global financial architecture became acutely clear in the financial crisis. Large vulnerabilities had been allowed to develop, and the mechanisms in place for dealing with the crisis, at least its cross-border aspects, proved grossly inadequate.

Keywords: Host Country; Banking System; Crisis Management; Private Bank; Foreign Bank (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1057/9781137034250_12

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