Lessons from recent banking crises
In recent years major banking and financial crises have emerged in several countries. Banking systems seem to have become more crisis‐prone. Banks in many countries have very high levels of non‐performing loans, there has been a major destruction of bank capital, banks have failed, and massive support operations have been necessary. They have involved substantial costs: in some cases the cost has exceeded 10 per cent of GNP (eg in Spain, Venezuela, Bulgaria, Mexico, Argentina, Hungary).
Year of publication: |
1998
|
---|---|
Authors: | Llewellyn, David T. |
Published in: |
Journal of Financial Regulation and Compliance. - MCB UP Ltd, ISSN 1740-0279, ZDB-ID 2093796-9. - Vol. 6.1998, 3, p. 253-261
|
Publisher: |
MCB UP Ltd |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
New Paradigms in Monetary Theory and Policy?
Haldane, Andrew G.,
-
Future Risks and Fragilities for Financial Stability
Milne, Alistair,
-
New Paradigms in Banking, Financial Markets and Regulation?
Ayadi, Rym,
- More ...