Managing Systemic Banking Crises: New Lessons and Lessons Relearned
Departmental Papers, February 11, 2020
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- Managing Systemic Banking Crises: New Lessons and Lessons Relearned
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Bibliographic details
- Authors: Marina Moretti, Marc C Dobler, Alvaro Piris Chavarri
- Published: February 11, 2020
- Series: Departmental Papers
- DOI: https://doi.org/10.5089/9781513512273.087
Summary
- This paper updates the IMF’s work on general principles, strategies, and techniques from an operational perspective in preparing for and managing systemic banking crises in light of the experiences and challenges faced during and since the global financial crisis.
- It summarizes IMF advice from staff of the IMF Monetary and Capital Markets Department (MCM), drawing on Executive Board Papers, IMF staff publications, and country documents (including program documents and technical assistance reports).
- Unless stated otherwise, the guidance is generally applicable across the IMF membership.
- Authors: Marina Moretti, Marc C Dobler, Alvaro Piris Chavarri.
- Publication date: February 11, 2020.
Major themes and substantive findings
- Focus on operational principles, strategies, and techniques for preparing for and managing systemic banking crises.
- Emphasis on lessons from the global financial crisis and subsequent experiences.
- Coverage includes:
- Bank resolution framework
- Banking and crisis management
- Deposit insurance
- Financial crises and the Global financial crisis of 2008-2009
- Keywords and technical terms preserved from the source include: authority, balance sheet, bank, bank liquidity, Bank resolution framework, bank risk, banking system, beneficial owner, bridge bank, cash flow, cash limit, Crisis management, Deposit insurance, DP, DPPP, due diligence, economic activity, equity capital, Europe, financial activity, financial crisis, Global, Global financial crisis of 2008-2009, home resolution authority, insurance fund, process, public funds, targeted bank diagnostic.
Policy guidance and operational implications
- The paper provides IMF advice on preparing for and managing systemic banking crises from an operational perspective applicable across the IMF membership.
- It synthesizes guidance from MCM staff materials, Executive Board Papers, IMF staff publications, and country documents (including program documents and technical assistance reports).
- Intended to inform authorities and practitioners on implementation of crisis preparedness and response measures in banking systems.