Managing Systemic Banking Crises

Author/Editor:

Marc G Quintyn ; David S. Hoelscher

Publication Date:

August 28, 2003

Electronic Access:

Link to Abstract

Summary:

Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin American countries occurred within the context of highly dollarized economies, high levels of sovereign debt, severely limited fiscal resources, or combinations thereof. These factors have challenged the effectiveness of many of the typical tools for bank resolution. This publication focuses on the issues raised in systemic crises, not on the resolution of individual bank problems. Based on the lessons learned during the Asian crisis, it updates the IMF’s work on the general principles, strategies, and techniques for managing these crises.

Series:

Occasional Paper No. 224

Subject:

English

Publication Date:

August 28, 2003

ISBN/ISSN:

9781589062245/0251-6365

Stock No:

S224EA

Format:

Paper

Pages:

72

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