Choice Reviews Online · 2014 · 166 citations · 0 references
BusinessFinanceBankingCrisis ManagementMacroeconomicsBalance Of PaymentsBank RecoveryFinancial CrisesFinancial DistressFinancial StabilityMonetary PolicyCrisis Resolution PoliciesDebt Crisis ManagementEconomic Growth DynamicsEconomic Growth StrategyFinancial Crisis PreventionLessons Learned PolicyMonetary Policy ResponsesSystemic Crisis Management
The book offers a comprehensive overview of research on financial crises, covering banking, balance‑of‑payments, and sovereign‑debt crises. It presents a systematic framework that catalogs crisis types, analyzes short‑ and medium‑term economic impacts, and evaluates policy tools for preventing booms, mitigating busts, and restructuring banks, households, and sovereigns. The book concludes that effective monitoring of economies and financial systems is essential for preventing crises and that targeted policy measures can mitigate their adverse effects.
Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries are discussed. The medium-term effects of financial crises on economic growth, as well as policy measures to prevent booms, mitigate busts, and avoid crises are analysed. Finally, policy measures for mitigating the adverse impact of crises and ways to restructure banks, households, and sovereigns are presented. The collection of research in this book provides an excellent overview of critical policy areas, with valuable lessons on how countries can better monitor their economies and financial systems.