## Financial Crises : Causes, Consequences, and Policy Responses

_Books, February 19, 2014_

## Source details

**Canonical URL:** [Financial Crises : Causes, Consequences, and Policy Responses](https://www.imf.org/en/publications/books/issues/2016/12/31/financial-crises-causes-consequences-and-policy-responses-40301)

## Other formats

- [Markdown version](/en/publications/books/issues/2016/12/31/financial-crises-causes-consequences-and-policy-responses-40301/index.md)
- [Structured JSON version](/en/publications/books/issues/2016/12/31/financial-crises-causes-consequences-and-policy-responses-40301/index.json)
- [Bundle manifest](/en/publications/books/issues/2016/12/31/financial-crises-causes-consequences-and-policy-responses-40301/bundle-manifest.json)

## Bibliographic details
- Authors: Stijn Claessens, Ayhan Kose, Luc Laeven, Fabian Valencia
- Published: February 19, 2014
- Series: Books
- Pages: 670
- Stock No: FCCCPREA

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### Overview
- Title: Financial Crises : Causes, Consequences, and Policy Responses
- Authors: Stijn Claessens, Ayhan Kose, Luc Laeven, Fabian Valencia
- Publication date: February 19, 2014
- Core purpose: Improve understanding of financial crises by surveying a wide range of crises, introducing a comprehensive database of crises, and extracting lessons for prevention and management.

### Scope and Content
- Types of crises covered:
  - banking crises
  - balance of payments crises
  - sovereign debt crises
- Structure highlights:
  - begins with an overview of the various types of crises
  - introduces a comprehensive database of crises
  - discusses broad lessons on crisis prevention and management
  - examines the short-term economic effects of crises, recessions, and recoveries

### Key findings and themes
- Persistent relevance: The lingering effects of the economic crisis underscore the need to improve understanding of financial crises.
- Comprehensive survey: The book surveys a wide range of crisis types (banking, balance of payments, sovereign debt).
- Data emphasis: Introduction of a comprehensive database of crises to support analysis.
- Policy focus: Broad lessons on crisis prevention and crisis management are a central element.
- Short-term impacts: Analysis of short-term economic effects of crises, recessions, and recoveries.

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_Source: https://www.imf.org/en/publications/books/issues/2016/12/31/financial-crises-causes-consequences-and-policy-responses-40301_