## $name _IMF Seminars, January 1, 1901_ ## Source details **Canonical URL:** [$name](https://www.imf.org/ru/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses) ## Other formats - [Markdown version](/ru/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses/index.md) - [Structured JSON version](/ru/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses/index.json) - [Bundle manifest](/ru/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses/bundle-manifest.json) ## Bibliographic details - Published: January 1, 1901 --- ### Overview and purpose - The conference reviewed lessons on the antecedents of financial crises, policy responses for banks, households, financial institutions, and sovereign restructurings, and their aftermath. - Coverage included banking, balance-of-payments, and sovereign crises. - The conference brought together leading economists to provide perspectives drawing on their work on financial crises. - The IMF has extensively analyzed causes and consequences of financial crises and continues the task of identifying best policy responses. ### Program and speakers - 2:15–2:30 p.m. — Opening Remarks - David Lipton, Deputy Managing Director (IMF) - 2:30–3:00 p.m. — Keynote Address - Carmen Reinhart, John F. Kennedy School of Government, Harvard University, "Lessons from Sovereign Crises" - Panel (Chair: Olivier Blanchard, Economic Counsellor and Director of the Research Department (IMF)) - Alan Taylor – University of Virginia, "External Imbalances and Financial Crises" - Hyun Shin – Princeton University, "Procyclicality and the Search for Early Warning Indicators" - José De Gregorio – Universidad de Chile, "Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies" - Conference organizers: Stijn Claessens, Luc Laeven, Ayhan Kose, and Fabián Valencia. ### Planned publication and contents - The contributions by the speakers, together with a selective set of IMF research pieces on financial crises, will be published in a book edited by Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia. - Book structure and chapter list: - Introduction and Overview of Financial Crises - 1. Stijn Claessens and M. Ayhan Kose: Financial Crises: Explanations, Types, and Implications - 2. Luc Laeven and Fabián Valencia: Systemic Banking Crises - Lessons on Crisis Management - 3. Carmen Reinhart: Lessons from Sovereign Crises - 4. Hyun Shin: Leverage Cycles around Financial Crises - 5. Jose De Gregorio: Lessons from Financial Crises in Emerging Markets for Advanced Countries - 6. Alan Taylor: Perspectives on the Role of Imbalances and External Factors for Financial Crises - Short-Run Effects: Crises, Recessions and Recoveries - 7. Stijn Claessens, M. Ayhan Kose and Marco Terrones: The Recent Global Financial Crisis: How Similar? How Different? How Costly? - 8. Marco E. Terrones, Alasdair Scott, and Prakash Kannan: From Recession to Recovery - Medium-term Effects: Economic Growth - 9. Ravi Balakrishnan, Petya Koeva Brooks, Daniel Leigh, Irina Tytell, and Abdul Abiad: What's the Damage? Medium-term Effects of Crises - 10. Abdul Abiad, Giovanni Dell’Ariccia, and Grace Li: Creditless Recoveries - Policy Measures to Prevent Booms, Mitigate Busts, and Avoid Financial Crises - 11. Giovanni Dell’Ariccia, Deniz Igan, Luc Laeven and Hui Tong: Policies for Macrofinancial Stability: Options to Deal with Credit Booms - 12. Chris Crowe, Giovanni Dell’Ariccia, Deniz Igan, and Pau Rabanal: Policies for Macroeconomic Stability: Managing Real Estate Booms and Busts - 13. Luc Laeven and Fabián Valencia: Resolution of Banking Crises: The Good, the Bad, and the Ugly - 14. Emanuele Baldacci, Sanjeev Gupta, and Carlos Mulas-Granados: How Effective is Fiscal Policy Response in Financial Crises? - Policy Measures to Mitigate Impact of Financial Crises and How to Restructure Banks, Sovereigns and Households - 15. Augustin Landier and Kenichi Ueda: The Economics of Bank Restructuring: Understanding the Options - 16. Stijn Claessens, Ceyla Pazarbasioglu, Luc Laeven, Marc Dobler, Fabián Valencia, Oana Nedelescu, and Katharine Seal: Crisis Management and Resolution: Early Lessons during the Global Financial Crisis - 17. Luc Laeven and Thomas Laryea: Principles of Household Debt Restructuring - 18. Deniz Igan, Daniel Leigh, John Simon, and Petia Topalova: Repairing Household Balance Sheets - 19. Udaibir S. Das, Michael G. Papaioannou, and Christoph Trebesch: Sovereign Debt restructurings: A Survey, New Database, and Lessons on Sovereign Restructuring --- ## Content in this bundle - [Ch10pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch10pdf.pdf){rel="external" type="application/pdf"} - [Ch11pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch11pdf.pdf){rel="external" type="application/pdf"} - [Ch12pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch12pdf.pdf){rel="external" type="application/pdf"} - [Ch13pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch13pdf.pdf){rel="external" type="application/pdf"} - [Ch14pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch14pdf.pdf){rel="external" type="application/pdf"} - [Ch15pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch15pdf.pdf){rel="external" type="application/pdf"} - [Ch16pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch16pdf.pdf){rel="external" type="application/pdf"} - [Ch17pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch17pdf.pdf){rel="external" type="application/pdf"} - [Ch18pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch18pdf.pdf){rel="external" type="application/pdf"} - [Ch19pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch19pdf.pdf){rel="external" type="application/pdf"} - [Ch2pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch2pdf.pdf){rel="external" type="application/pdf"} - [Ch6pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch6pdf.pdf){rel="external" type="application/pdf"} - [Ch8pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch8pdf.pdf){rel="external" type="application/pdf"} - [Ch9pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch9pdf.pdf){rel="external" type="application/pdf"} - [Ck2pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ck2pdf.pdf){rel="external" type="application/pdf"} - [Ckpdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ckpdf.pdf){rel="external" type="application/pdf"} - [Degregpdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_degregpdf.pdf){rel="external" type="application/pdf"} - [Dl1pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_dl1pdf.pdf){rel="external" type="application/pdf"} - [Posterpdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_posterpdf.pdf){rel="external" type="application/pdf"} - [Shinpdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_shinpdf.pdf){rel="external" type="application/pdf"} - [Glossaryr (PDF)](/external/np/term/rus/pdf/glossaryr.pdf){rel="external" type="application/pdf"} --- ## References - [Несинхронность и расходящаяся динамика восстановления могут поставить финансовую стабильность под угрозу](https://www.imf.org/ru/News/Articles/2021/04/06/blog-an-asynchronous-and-divergent-recovery-may-put-financial-stability-at-risk) _Source: https://www.imf.org/ru/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses_