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Crisis Management and Resolution: Early Lessons from the Financial Crisis

Author/Editor: Pazarbasioglu, Ceyla | Laeven, Luc | Nedelescu, Oana | Claessens, Stijn | Valencia, Fabian | Dobler, Marc | Seal, Katharine
Electronic Access: Free Full Text (PDF file size is 685KB)
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Summary: The paper compares the policy choices in current and past financial crises, given initial conditions and underlying causes, explains why choices varied, reviews the current state of financial and operational restructuring, and institutional reforms, and raises questions on the toolkit to be used for future financial crises. Given the general interest in the topic, yet also taking into account the still ongoing financial crisis and the difficulty to make firm conclusions, we consider a Staff Discussion Note the most appropriate dissemination vehicle. The proposal for the prospective SDN has been authorized by Olivier Blanchard and Jose Vinals. We would like to bring the note out soon after the Board presentation and well ahead of Spring Meetings. We would appreciate EXR’s cooperation for publication and dissemination.
 
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Series: Staff Discussion Notes No. 11/5
Subject(s): Moral hazard | Burden sharing | Financial stability | Bank resolution | Banks | Economic conditions | Financial institutions | Nonbank financial sector | Risk management
Author's keyword(s): Financial crises | crisis management | resolution | moral hazard | too big to fail | stress tests | asset restructuring | burden sharing | financial stability
 
English  
    Published:   March 9, 2011        
    ISBN/ISSN:   9781455286546   Format:   Paper
    Stock No:   SDNEA2011005   Pages:   31
    Price:   US$20.00        
English  
    Published:   March 9, 2011        
    ISBN/ISSN:   978-1-61635-105-2 / 2221-030X   Format:   A web quality merged PDF
    Stock No:   SDNET2011005   Pages:   29
    Price:   Free        
     
Academic Rate: US$20.00
Please address any questions about this title to publications@imf.org.