Systemic Financial Crises is popular PDF and ePub book, written by Douglas Darrell Evanoff in 2005, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Systemic Financial Crises can be Read Online from any device for your convenience.
Systemic Financial Crises Book PDF Summary
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.
Detail Book of Systemic Financial Crises PDF
- Author : Douglas Darrell Evanoff
- Release : 20 September 2024
- Publisher : World Scientific
- ISBN : 9789812563484
- Genre : Business & Economics
- Total Page : 474 pages
- Language : English
- PDF File Size : 13,8 Mb
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