Systemic Financial Crises:Resolving Large Bank Insolvencies

Edited by Douglas Evanoff and George G Kaufman

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: 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.

Keywords: Bank Failures; Large Bank; Insolvencies; Resolutions; Macroeconomies (search for similar items in EconPapers)
Date: 2005
ISBN: 9789812563484
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Chapters in this book:

Ch 1 Being a Responsible Host: Supervising Foreign-Owned Banks , pp 3-15

Alan Bollard

Ch 2 Dealing with Stress at Large and Complex Financial Institutions , pp 17-27

Andrew Crockett

Ch 3 Changes in the Structure of the U.S. Financial System and Implications for Systemic Risk , pp 29-38

Timothy F. Geithner

Ch 4 The Resolution of Systemic Banking System Crises , pp 41-57

Stefan Ingves and David S. Hoelscher

Ch 5 The Deposit Insurer's Role in Maintaining Financial Stability , pp 59-68

Jean Pierre Sabourin

Ch 6 The IMF–World Bank Financial Sector Assessment Program: A View from the Inside , pp 69-81

Paul Kupiec

Ch 7 Financial Stability and Bank Solvency , pp 83-113

Andrew Haldane, Glenn Hoggarth, Victoria Saporta and Peter Sinclair

Ch 8 A Note on Financial Stability , pp 115-120

Craig H. Furfine

Ch 9 Impediments to Fair and Efficient Resolution of Large Banks and Banking Crises , pp 123-140

Edward Kane

Ch 10 Dealing with Financial Fragility in Transition Economies , pp 141-157

John P. Bonin and Paul Wachtel

Ch 11 The Resolution of Systemic Banking System Crises: The Way Forward , pp 159-167

Stefan Ingves and David S. Hoelscher

Ch 12 Mistakes of Bank Crisis Response , pp 169-171

Randall S. Kroszner

Ch 13 Breaking Up is Hard to Do: An Essay on Cross-Border Challenges in Resolving Financial Groups , pp 175-191

Thomas C. Baxter and Joseph H. Sommer

Ch 14 "Too Big to Save" — Toward a Functional Approach to Resolving Crises in Global Financial Institutions , pp 193-215

Eva Hüpkes

Ch 15 Europe's Universalist Approach to Cross-Border Bank Resolution Issues , pp 217-235

Christos Hadjiemmanuil

Ch 16 Comments on Financial Institution Resolution: Cross-Border Issues , pp 237-249

Chryssa Papathanassiou

Ch 17 Multiple Regulators and Resolutions , pp 253-273

Charles A. E. Goodhart

Ch 18 The Role of the Safety Net in Resolving Large Financial Institutions , pp 275-306

David Mayes

Ch 19 Comments on Key Policy Challenges in Financial Institution Resolution: Additional Complexities , pp 307-317

Robert R. Bliss

Ch 20 BCCI & Barings: Bank Resolutions Complicated by Fraud and Global Corporate Structure , pp 321-345

Richard J. Herring

Ch 21 Derivatives and Systemic Risk: What Role Can the Bankruptcy Code Play? , pp 347-364

Franklin R. Edwards and Edward R. Morrison

Ch 22 Argentina and Uruguay in the 2000s: Two Contrasting Experiences of Banking Crisis Resolution , pp 365-389

Liliana Rojas-Suarez

Ch 23 Comments on Lessons from Case Studies of Large Insolvencies , pp 391-394

Paola Sapienza

Ch 24 The Reserve Bank of New Zealand's Creditor Recapitalization (BCR) Project: An Option for Resolving Large Banks? , pp 397-406

Ian Harrison

Ch 25 Planning for Efficient Resolution , pp 407-413

Nobuo Inaba

Ch 26 Resolving a Large Bank: The FDIC's Perspective , pp 415-420

Arthur J. Murton

Ch 27 Arrangements for Financial Stability in OECD and EU countries , pp 421-439

Sander Oosterloo and Jakob de Haan

Ch 28 Constructive Commitments: Communicating Plans to Impose Losses on Large Bank Creditors , pp 441-447

Gary H. Stern and Ron J. Feldman

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