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Mistakes of Bank Crisis Response

In: Systemic Financial Crises Resolving Large Bank Insolvencies

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  • Randall S. Kroszner

    (University of Chicago, Graduate School of Business, USA)

Abstract

Most countries have experienced a major banking crisis during the last three decades, and no regions have gone unscathed. Emerging markets, transition economies, and developed countries have been hit. Currently, however, there are few crises now "hot" so we have the luxury to reflect on what has happened during the last three decades to draw lessons for policy reform: What, if anything, can be done to reduce the likelihood of a banking and financial crisis? Once the financial system does experience trouble, what policy responses appear more or less sensible and effective?…

Suggested Citation

  • Randall S. Kroszner, 2005. "Mistakes of Bank Crisis Response," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman (ed.), Systemic Financial Crises Resolving Large Bank Insolvencies, chapter 12, pages 169-171, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812569479_0012
    as

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