Cover image for Financial Crises : Causes, Consequences, and Policy Responses.
Financial Crises : Causes, Consequences, and Policy Responses.
Title:
Financial Crises : Causes, Consequences, and Policy Responses.
Author:
Claessens, Stijn.
ISBN:
9781484324295
Personal Author:
Physical Description:
1 online resource (671 pages)
Contents:
Cover -- Contents -- Foreword -- Acknowledgments -- Introduction -- Contributors -- Abbreviations -- PART I: INTRODUCTION AND DESCRIPTION OF FINANCIAL CRISES -- 1 Financial Crises: Explanations, Types, and Implications -- 2 Systemic Banking Crises -- PART II: LESSONS IN CRISIS PREVENTION AND MANAGEMENT -- 3 Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten -- 4 Procyclicality and the Search for Early Warning Indicators -- 5 Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies -- 6 External Imbalances and Financial Crises -- PART III: SHORT-TERM EFFECTS: CRISES, RECESSIONS, AND RECOVERIES -- 7 The Global Financial Crisis: How Similar? How Different? How Costly? -- 8 From Recession to Recovery: How Soon and How Strong? -- PART IV: MEDIUM-TERM EFFECTS: ECONOMIC GROWTH -- 9 What's the Damage? Medium-Term Output Dynamics after Financial Crises -- 10 What Have We Learned about Creditless Recoveries? -- PART V: POLICY MEASURES TO PREVENT BOOMS, MITIGATE BUSTS, AND AVOID FINANCIAL CRISES -- 11 Policies for Macro-Financial Stability: Dealing with Credit Booms and Busts -- 12 Policies for Macro-Financial Stability: Managing Real Estate Booms and Busts -- 13 Resolution of Banking Crises: The Good, the Bad, and the Ugly -- 14 How Effective Is Fiscal Policy Response in Financial Crises? -- PART VI: POLICY MEASURES TO MITIGATE THE IMPACT OF FINANCIAL 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 -- 16 The Economics of Bank Restructuring: Understanding the Options -- 17 Principles of Household Debt Restructuring -- 18 Dealing with Household Debt -- 19 Restructuring Sovereign Debt: Lessons from Recent History -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M.

N -- O -- P -- R -- S -- T -- U -- V -- W.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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