Systemic Financial Crises: Resolving Large Bank Insolvencies
Douglas Darrell Evanoff, George G. Kaufman
World Scientific, 2005 - 461 pages
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.Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions ? including cross-country, cross-regulator, and institutional challenges ? and recommend how to move forward.
Get Douglas Evanoff – Systemic Financial Crises or the other courses from the same one of these categories: eBook, Trading, Financial, Economics, Business, Douglas Evanoff for free on Course Sharing Network.
Download Systemic Financial Crises, Free Download Systemic Financial Crises, Systemic Financial Crises Torrent, Systemic Financial Crises Download Free, Systemic Financial Crises Discount, Systemic Financial Crises Review, Douglas Evanoff – Systemic Financial Crises, Systemic Financial Crises, Douglas Evanoff.