Systemic financial crises: resolving large bank insolvencies
Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a w...
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| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Singapore
World Scientific Pub. Co.
c2005
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| Schlagworte: | |
| Online-Zugang: | FHN01 Volltext |
| Zusammenfassung: | Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators. Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions - including cross-country, cross-regulator, and institutional challenges - and recommend how to move forward |
| Beschreibung: | Papers presented at the seventh annual international conference, held on Sept. 30-Oct. 1, 2004 |
| Beschreibung: | xii, 461 p. ill |
| ISBN: | 9789812569479 |
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| 520 | |a Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators. Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions - including cross-country, cross-regulator, and institutional challenges - and recommend how to move forward | ||
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| spelling | Systemic financial crises resolving large bank insolvencies editors, Douglas D. Evanoff, George G. Kaufman Singapore World Scientific Pub. Co. c2005 xii, 461 p. ill txt rdacontent c rdamedia cr rdacarrier Papers presented at the seventh annual international conference, held on Sept. 30-Oct. 1, 2004 Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators. Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions - including cross-country, cross-regulator, and institutional challenges - and recommend how to move forward Bank failures / Congresses Financial crises / Congresses Bank failures / Government policy / Congresses Bank failures / Case studies Bank (DE-588)4004436-1 gnd rswk-swf Insolvenz (DE-588)4072843-2 gnd rswk-swf Bankenkrise (DE-588)4209657-1 gnd rswk-swf 1\p (DE-588)1071861417 Konferenzschrift 2004 Chicago Ill. gnd-content 2\p (DE-588)1071861417 Konferenzschrift gnd-content 3\p (DE-588)4522595-3 Fallstudiensammlung gnd-content Bank (DE-588)4004436-1 s Insolvenz (DE-588)4072843-2 s 4\p DE-604 Bankenkrise (DE-588)4209657-1 s 5\p DE-604 Evanoff, Douglas Darrell 1951- Sonstige (DE-588)136988121 oth Kaufman, George G. 1933-2020 Sonstige (DE-588)130021202 oth Erscheint auch als Druck-Ausgabe 9789812563484 Erscheint auch als Druck-Ausgabe 9812563482 http://www.worldscientific.com/worldscibooks/10.1142/5841#t=toc Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 4\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 5\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Systemic financial crises resolving large bank insolvencies Bank failures / Congresses Financial crises / Congresses Bank failures / Government policy / Congresses Bank failures / Case studies Bank (DE-588)4004436-1 gnd Insolvenz (DE-588)4072843-2 gnd Bankenkrise (DE-588)4209657-1 gnd |
| subject_GND | (DE-588)4004436-1 (DE-588)4072843-2 (DE-588)4209657-1 (DE-588)1071861417 (DE-588)4522595-3 |
| title | Systemic financial crises resolving large bank insolvencies |
| title_auth | Systemic financial crises resolving large bank insolvencies |
| title_exact_search | Systemic financial crises resolving large bank insolvencies |
| title_full | Systemic financial crises resolving large bank insolvencies editors, Douglas D. Evanoff, George G. Kaufman |
| title_fullStr | Systemic financial crises resolving large bank insolvencies editors, Douglas D. Evanoff, George G. Kaufman |
| title_full_unstemmed | Systemic financial crises resolving large bank insolvencies editors, Douglas D. Evanoff, George G. Kaufman |
| title_short | Systemic financial crises |
| title_sort | systemic financial crises resolving large bank insolvencies |
| title_sub | resolving large bank insolvencies |
| topic | Bank failures / Congresses Financial crises / Congresses Bank failures / Government policy / Congresses Bank failures / Case studies Bank (DE-588)4004436-1 gnd Insolvenz (DE-588)4072843-2 gnd Bankenkrise (DE-588)4209657-1 gnd |
| topic_facet | Bank failures / Congresses Financial crises / Congresses Bank failures / Government policy / Congresses Bank failures / Case studies Bank Insolvenz Bankenkrise Konferenzschrift 2004 Chicago Ill. Konferenzschrift Fallstudiensammlung |
| url | http://www.worldscientific.com/worldscibooks/10.1142/5841#t=toc |
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