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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...
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other parts of the world where taxation policies are less stringent on average, consistent with tax arbitrage strategies. We …
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agreement. LOLR mechanisms evolved to include more than collateralized lending. LOLRs established prior to World War II, with … absorbed by the LOLR as much as possible when providing financial assistance. After World War II, and especially after the 1970 … change much over time, or correlate with country characteristics, instead reflecting idiosyncratic political histories …
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