| Description |
1 online resource (xxxii, 635 pages) : illustrations |
| Contents |
Machine generated contents note: pt. I INTRODUCTION AND DESCRIPTION OF FINANCIAL CRISES -- 1. Financial Crises: Explanations, Types, and Implications / M. Ayhan Kose -- 2. Systemic Banking Crises / Fabian Valencia -- pt. II LESSONS IN CRISIS PREVENTION AND MANAGEMENT -- 3. Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten / Kenneth S. Rogoff -- 4. Procyclicality and the Search for Early Warning Indicators / Hyun Song Shin -- 5. Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies / Jose De Gregorio -- 6. External Imbalances and Financial Crises / Alan M. Taylor -- pt. III SHORT-TERM EFFECTS: CRISES, RECESSIONS, AND RECOVERIES -- 7. Global Financial Crisis: How Similar? How Different? How Costly? / Marco E. Terrones -- 8. From Recession to Recovery: How Soon and How Strong? / Marco E. Terrones -- pt. IV MEDIUM-TERM EFFECTS: ECONOMIC GROWTH -- 9. What's the Damage? Medium-Term Output Dynamics after Financial Crises / Irina Tytell -- 10. What Have We Learned about Creditless Recoveries? / Bin Li -- pt. V POLICY MEASURES TO PREVENT BOOMS, MITIGATE BUSTS, AND AVOID FINANCIAL CRISES -- 11. Policies for Macro-Financial Stability: Dealing with Credit Booms and Busts / Hui Tong -- 12. Policies for Macro-Financial Stability: Managing Real Estate Booms and Busts / Pau Rabanal -- 13. Resolution of Banking Crises: The Good, the Bad, and the Ugly / Fabian Valencia -- 14. How Effective Is Fiscal Policy Response in Financial Crises? / Carlos Mulas-Granados -- pt. VI POLICY MEASURES TO MITIGATE THE IMPACT OF FINANCIAL J CRISES; AND THE RESTRUCTURING OF BANKS AND OF HOUSEHOLD AND SOVEREIGN DEBT -- 15. Crisis Management and Resolution: Early Lessons from the 2007 -- 09 Financial Crisis / Katharine Seal -- 16. Economics of Bank Restructuring: Understanding the Options / Kenichi Ueda -- 17. Principles of Household Debt Restructuring / Thomas Laryea -- 18. Dealing with Household Debt / Petia Topalova -- 19. Restructuring Sovereign Debt: Lessons from Recent History / Christoph Trebesch |
| Summary |
Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries are discussed. The medium-term effects of financial crises on economic growth, as well as policy measures to prevent booms, mitigate busts, and avoid crises are analyzed. Finally, policy measures for mitigating the adverse impact of crises and ways to restructure banks, households, and sovereigns are presented. The collection of research in this book provides an excellent overview of critical policy areas, with valuable lessons on how countries can better monitor their economies and financial systems |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Financial crises
|
|
Financial crises -- Prevention
|
|
Economic policy.
|
|
BUSINESS & ECONOMICS -- Industries -- General.
|
|
Economic policy
|
|
Financial crises
|
|
Financial crises -- Prevention
|
| Form |
Electronic book
|
| Author |
Claessens, Stijn, editor.
|
|
Kose, M. Ayhan, editor
|
|
Laeven, Luc, editor.
|
|
Valencia, Fabian, editor.
|
| LC no. |
2013487388 |
| ISBN |
9781484324295 |
|
1484324293 |
|
