Systemic Financial Crises Containment and Resolution
Produktdetaljer
"After three decades in which domestic financial crises were few and far between, they returned with a vengeance between 1980 and 2000. This book distills the wisdom of officials who have had to cope with such cases and academics who have studied them. Everyone who might become involved in such a crisis, as actor or commentator or victim, should read it, and soon. One of the foremost lessons is that there is a need to take quick, decisive action when a crisis first hits. I recommend especially the contributions on `Pitfalls in Managing Closures' and the controversial model `Policies for Banking Closures'." -Charles Goodhart, London School of Economics
"This is an important book on an important subject. It documents what crisis experience has to teach us and why it is maddeningly difficult to put these lessons into practice. " - Edward Kane, Boston College
"A valuable analysis of what has been learned about containing and resolving systemic financial crises." - Morris Goldstein, Institute for International Economics, Washington, DC