Fiscal Contingency Planning for Banking Crises:
November 1999 - Estimating the likely fiscal costs of future banking crises requires information about the size and composition of the banks' balance sheets and expert assessments about the accuracy of the accounting data and about certain short-term risks. There is constant demand for an estim...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
1999
|
| Subjects: | |
| Online Access: | URL des Erstveröffentlichers |
| Summary: | November 1999 - Estimating the likely fiscal costs of future banking crises requires information about the size and composition of the banks' balance sheets and expert assessments about the accuracy of the accounting data and about certain short-term risks. There is constant demand for an estimate of the likely fiscal costs of future banking crises, but little precision can be expected in such an estimate. Honohan shows how information that is typically available to authorities could be used to get a general sense of the order of magnitude of the direct fiscal liability. What is required for such an estimate? · Information about the size and composition of the banks' balance sheets. · Expert assessments of the accuracy of the accounting data and of specific short-term risks to which the components are known to be subject. Honohan's method distinguishes between losses that have already crystallized and the changing risks for the immediate future. By including contingency planning for banking collapse in their fiscal calculations, authorities may risk destabilizing expectations or worsening the moral hazard in the system. But the risks of contingency planning generally outweigh the risks of sending confused signals. Insisting on ignorance is a poor way to protect against announcement errors that trigger panic. This paper - a product of Finance, Development Research Group - was produced for the Poverty Reduction and Economic Management Network thematic group studying the quality of fiscal adjustment. The author may be contacted at phonohan@worldbank.org |
| Item Description: | Weitere Ausgabe: Honohan, Patrick: Fiscal Contingency Planning for Banking Crises |
| Physical Description: | 1 Online-Ressource (40 Seiten) |
Staff View
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040616868 | ||
| 003 | DE-604 | ||
| 005 | 20250129 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s1999 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093208154 | ||
| 035 | |a (OCoLC)874225837 | ||
| 035 | |a (DE-599)GBVNLM005444306 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Honohan, Patrick |d 1949- |e Verfasser |0 (DE-588)115487743 |4 aut | |
| 245 | 1 | 0 | |a Fiscal Contingency Planning for Banking Crises |c Honohan, Patrick |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 1999 | |
| 300 | |a 1 Online-Ressource (40 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Weitere Ausgabe: Honohan, Patrick: Fiscal Contingency Planning for Banking Crises | ||
| 520 | 1 | |a November 1999 - Estimating the likely fiscal costs of future banking crises requires information about the size and composition of the banks' balance sheets and expert assessments about the accuracy of the accounting data and about certain short-term risks. There is constant demand for an estimate of the likely fiscal costs of future banking crises, but little precision can be expected in such an estimate. Honohan shows how information that is typically available to authorities could be used to get a general sense of the order of magnitude of the direct fiscal liability. What is required for such an estimate? · Information about the size and composition of the banks' balance sheets. · Expert assessments of the accuracy of the accounting data and of specific short-term risks to which the components are known to be subject. Honohan's method distinguishes between losses that have already crystallized and the changing risks for the immediate future. By including contingency planning for banking collapse in their fiscal calculations, authorities may risk destabilizing expectations or worsening the moral hazard in the system. But the risks of contingency planning generally outweigh the risks of sending confused signals. Insisting on ignorance is a poor way to protect against announcement errors that trigger panic. This paper - a product of Finance, Development Research Group - was produced for the Poverty Reduction and Economic Management Network thematic group studying the quality of fiscal adjustment. The author may be contacted at phonohan@worldbank.org | |
| 534 | |c 1999 | ||
| 653 | |a Accounting | ||
| 653 | |a Balance Sheet | ||
| 653 | |a Banking Crises | ||
| 653 | |a Banks and Banking Reform | ||
| 653 | |a Budget | ||
| 653 | |a Contingency Planning | ||
| 653 | |a Conversion | ||
| 653 | |a Debt Markets | ||
| 653 | |a Depositors | ||
| 653 | |a Emerging Markets | ||
| 653 | |a Expenditure | ||
| 653 | |a Expenditures | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial Instruments | ||
| 653 | |a Financial Literacy | ||
| 653 | |a Fiscal Authorities | ||
| 653 | |a Fiscal Policy | ||
| 653 | |a Future | ||
| 653 | |a Liabilities | ||
| 653 | |a Liability | ||
| 653 | |a Monetary Authorities | ||
| 653 | |a Moral Hazard | ||
| 653 | |a Private Sector Development | ||
| 653 | |a Revenue | ||
| 653 | |a Tax | ||
| 653 | |a Tax Rates | ||
| 776 | 0 | 8 | |i Reproduktion von |a Honohan, Patrick |t Fiscal Contingency Planning for Banking Crises |d 1999 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2228 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025444367 | |
Record in the Search Index
| DE-BY-FWS_katkey | 459577 |
|---|---|
| _version_ | 1824555595541250049 |
| adam_text | |
| any_adam_object | |
| author | Honohan, Patrick 1949- |
| author_GND | (DE-588)115487743 |
| author_facet | Honohan, Patrick 1949- |
| author_role | aut |
| author_sort | Honohan, Patrick 1949- |
| author_variant | p h ph |
| building | Verbundindex |
| bvnumber | BV040616868 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093208154 (OCoLC)874225837 (DE-599)GBVNLM005444306 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040616868</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250129</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s1999 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093208154</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)874225837</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005444306</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Honohan, Patrick</subfield><subfield code="d">1949-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)115487743</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Fiscal Contingency Planning for Banking Crises</subfield><subfield code="c">Honohan, Patrick</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">1999</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (40 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Weitere Ausgabe: Honohan, Patrick: Fiscal Contingency Planning for Banking Crises</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">November 1999 - Estimating the likely fiscal costs of future banking crises requires information about the size and composition of the banks' balance sheets and expert assessments about the accuracy of the accounting data and about certain short-term risks. There is constant demand for an estimate of the likely fiscal costs of future banking crises, but little precision can be expected in such an estimate. Honohan shows how information that is typically available to authorities could be used to get a general sense of the order of magnitude of the direct fiscal liability. What is required for such an estimate? · Information about the size and composition of the banks' balance sheets. · Expert assessments of the accuracy of the accounting data and of specific short-term risks to which the components are known to be subject. Honohan's method distinguishes between losses that have already crystallized and the changing risks for the immediate future. By including contingency planning for banking collapse in their fiscal calculations, authorities may risk destabilizing expectations or worsening the moral hazard in the system. But the risks of contingency planning generally outweigh the risks of sending confused signals. Insisting on ignorance is a poor way to protect against announcement errors that trigger panic. This paper - a product of Finance, Development Research Group - was produced for the Poverty Reduction and Economic Management Network thematic group studying the quality of fiscal adjustment. The author may be contacted at phonohan@worldbank.org</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">1999</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Accounting</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Balance Sheet</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banking Crises</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Banks and Banking Reform</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Budget</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Contingency Planning</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Conversion</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Depositors</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Emerging Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Expenditure</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Expenditures</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Instruments</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Literacy</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Fiscal Authorities</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Fiscal Policy</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Future</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Liabilities</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Liability</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Monetary Authorities</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Moral Hazard</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Private Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Revenue</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Tax</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Tax Rates</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Honohan, Patrick</subfield><subfield code="t">Fiscal Contingency Planning for Banking Crises</subfield><subfield code="d">1999</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2228</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025444367</subfield></datafield></record></collection> |
| id | DE-604.BV040616868 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-20T07:10:10Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025444367 |
| oclc_num | 874225837 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (40 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Honohan, Patrick 1949- Fiscal Contingency Planning for Banking Crises |
| title | Fiscal Contingency Planning for Banking Crises |
| title_auth | Fiscal Contingency Planning for Banking Crises |
| title_exact_search | Fiscal Contingency Planning for Banking Crises |
| title_full | Fiscal Contingency Planning for Banking Crises Honohan, Patrick |
| title_fullStr | Fiscal Contingency Planning for Banking Crises Honohan, Patrick |
| title_full_unstemmed | Fiscal Contingency Planning for Banking Crises Honohan, Patrick |
| title_short | Fiscal Contingency Planning for Banking Crises |
| title_sort | fiscal contingency planning for banking crises |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2228 |
| work_keys_str_mv | AT honohanpatrick fiscalcontingencyplanningforbankingcrises |