This paper investigates the role and necessity of system of crisis management of banking activity in present …

; (ii) when creditors’ rights are weaker; (iii) when their banks are larger; and (iv) when the largest shareholder has a …

currency or a banking crisis. This methodology was first used to analyze the performance of a variety of macroeconomic and …

mechanisms for failing banks – that is, greater initiatives and efforts than prudential aspects of regulation which embrace …

legislation such as the Banking Act of 2009 which has not only introduced greater statutory powers for the central bank, but also … the Special Resolution Regime. As well as a consideration of arguments which are in favour of the central bank’s role as … view that central banks should assume a greater role in supervision, this paper not only seeks to justify why such a degree …

macroeconomic, banking and asset price variables. We find that real house prices only respond to demand shocks occurring at … from fiscal origin also increase house prices. In terms of banks’ performance, we find that credit is directed toward firms … these cases, banking leverage increases, but mainly when shocks have a significant effect on output. Rising risk and …

likelihood of a variety of crises—banking, currency, external default and inflation. For Latin America, in particular, large …