Systemic Financial Crises

Resolving Large Bank Insolvencies

By: Douglas D Evanoff (Editor), George G Kaufman (Editor)

Write A Review

Hardcover | 28 June 2005

At a Glance

Hardcover
476 Pages

Dimensions(cm)
22.86 x 15.24 x 1.27

Hardcover

RRP $343.99

$309.75

10%OFF

or 4 interest-free payments of $77.44 with

Ships in 15 to 25 business days

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.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

You Can Find This Book In

Non-Fiction Economics Economic History Accounting & Finance Finance Banking Corporate Finance Macroeconomics Booktopia Publisher Services World Scientific Publishing

Being a responsible host : supervising foreign-owned banks	p. 3
Dealing with stress at large and complex financial institutions	p. 17
Changes in the structure of the U.S. financial system and implications for systemic risk	p. 29
The resolution of systemic banking system crises	p. 41
The deposit insurer's role in maintaining financial stability	p. 59
The IMF-World Bank financial sector assessment program : a view from the inside	p. 69
Financial stability and bank solvency	p. 83
A note on financial stability	p. 115
Impediments to fair and efficient resolution of large banks and banking crises	p. 123
Dealing with financial fragility in transition economies	p. 141
The resolution of systemic banking system crises : the way forward	p. 159
Mistakes of bank crisis response	p. 169
Breaking up is hard to do : an essay on cross-border challenges in resolving financial groups	p. 175
"Too big to save" - toward a functional approach to resolving crises in global financial institutions	p. 193
Europe's universalist approach to cross-border bank resolution issues	p. 217
Comments on financial institution resolution : cross-border issues	p. 237
Multiple regulators and resolutions	p. 253
The role of the safety net in resolving large financial institutions	p. 275
Comments on key policy challenges in financial institution resolution : additional complexities	p. 307
BCCI & barings : bank resolutions complicated by fraud and global corporate structure	p. 321
Derivatives and systemic risk : what role can the bankruptcy code play?	p. 347
Argentina and Uruguay in the 2000s : two contrasting experiences of banking crisis resolution	p. 365
Comments on lessons from case studies of large insolvencies	p. 391
The reserve bank of New Zealand's creditor recapitalization (BCR) project : an option for resolving large banks?	p. 397
Planning for efficient resolution	p. 407
Resolving a large bank : the FDIC's perspective	p. 415
Arrangements for financial stability in OECD and EU countries	p. 421
Constructive commitments : communicating plans to impose losses on large bank creditors	p. 441
Table of Contents provided by Blackwell. All Rights Reserved.

Systemic Financial Crises

Resolving Large Bank Insolvencies

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

More in Banking

A History of Central Banking and the Enslavement of Mankind

A History of Central Banking and the Enslavement of Mankind

Creature from Jekyll Island

A Second Look at the Federal Reserve

The Lords of Easy Money

How the Federal Reserve Broke the American Economy

The Millionaires' Factory

The inside story of how Macquarie Bank became a global giant

Liar's Poker

Hodder Great Reads Ser.

The Man Who Solved the Market

How Jim Simons Launched the Quant Revolution SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019

Meltdown

Scandal, Sleaze and the Collapse of Credit Suisse

Blockchain Babel

The Crypto Craze and the Challenge to Business

Investment Banking

Valuation, LBOs, M &A, and IPOs (Book + Valuation Models)

Breaking into Banking

The Essential Guide to a Career in Finance

The Pyramid of Lies

The Prime Minister, the Banker and the Billion Pound Scandal

MoneyGPT

AI and the Threat to the Global Economy

Westport

A Nora Carleton Legal Thriller

Retail and Digital Banking

Principles and Practice

Quantitative Methods

for Business, Management and Finance

Globalization and High Public Debt

The Impact of Financial Interdependence

Environmental, Social and Governance Practices in the FinTech Era

Credit Markets and the Future of Lending

The Future of Banking

A Global Blueprint for the Bank of Tomorrow

Statutory and Regulatory Property Valuation in Australia

Strategic Risk Management and Sustainable Banking

Routledge International Studies in Money and Banking

Blockchain Technology and the Law

Opportunities and Risks

Statutory and Regulatory Property Valuation in Australia

Understanding Global Financial Markets

This product is categorised by