Mistakes of Bank Crisis Response

Randall S. Kroszner
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Randall S. Kroszner: University of Chicago, Graduate School of Business, USA

Chapter 12 in Systemic Financial Crises:Resolving Large Bank Insolvencies, 2005, pp 169-171 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractMost countries have experienced a major banking crisis during the last three decades, and no regions have gone unscathed. Emerging markets, transition economies, and developed countries have been hit. Currently, however, there are few crises now "hot" so we have the luxury to reflect on what has happened during the last three decades to draw lessons for policy reform: What, if anything, can be done to reduce the likelihood of a banking and financial crisis? Once the financial system does experience trouble, what policy responses appear more or less sensible and effective?…

Keywords: Bank Failures; Large Bank; Insolvencies; Resolutions; Macroeconomies (search for similar items in EconPapers)
Date: 2005
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