Title Banking crises and bank resolution : experiences in some transition economies / Charles Enoch, Anne-Marie Gulde, and Daniel Hardy

Published [Washington, D.C.] : International Monetary Fund, ©2002

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Description 1 online resource (69 pages) : illustrations Series IMF working paper ; WP/02/56 IMF working paper ; WP/02/56. Summary Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these crises are described, and parallels are drawn with the causes of banking crises in industrial and developing countries. Resolving the crises proved technically and politically difficult, and setbacks occurred. Successful resolution required the implementation of a comprehensive and decisive strategy, involving thorough-going bank restructuring, heavy fiscal costs, and institutional and legal reforms Bibliography Includes bibliographical references (page 69) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Banks and banking -- Developing countries Financial crises -- Developing countries Bank mergers -- Developing countries Consolidation and merger of corporations -- Developing countries Bank mergers Banks and banking Consolidation and merger of corporations Financial crises Developing countries Form Electronic book Author Gulde, Anne-Marie Hardy, Daniel C. L International Monetary Fund. Monetary and Exchange Affairs Department. International Monetary Fund. Statistics Department. ISBN 1451894554 9781451894554 1281961698 9781281961693 1462368182 9781462368181 1452775508 9781452775500 9786613793881 6613793884

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