Preventing Bank Crises: Lessons from Recent Global Bank Failures : Proceedings of a Conference Co-sponsored by the Federal Reserve Bank of Chicago and the Economic Development Institute of the World Bank, Page 944Gerard Caprio With so much attention being paid to the international economic crises, the causes of these crises must be studied in detail. This book examines various problems such as unregulated, or poorly regulated, financial institutions; reforms launched without provisions for sound financial supervision; and regulators who have become poor and unfaithful agents for their principals (the taxpayers) and have, albeit unintentionally, exacerbated the frequency of banking crises. This volume focuses on ways to avoid major banking crises and lessons learned through experience. It addresses one of the key issues currently facing international financial markets. It also discusses: government guarantees of bank liabilities; market discipline to supplement regulator discipline; transparency and disclosure of bank and regulator agency activities; independence of bank regulators from political influence and greater accountability to the public; and bank infrastructure, including the training of both bankers and bank regulators. |
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accounting activities Argentina asset prices authorities bad loans bank failures bank regulation bank's bankers banking crises banking problems banking sector banking supervision banking system Basle billion borrowers capital markets CEE countries Central Bank cial commercial banks competition Corporation costs crisis Czech Republic depositors disaster myopia disclosure domestic economic emerging market enterprises equity Federal Deposit Insurance Federal Reserve Bank financial institutions financial system Finland fiscal foreign Hungary incentives increased industry insolvent interest rates International Monetary Fund investment Japan Japanese jusen lending Lessons liquidity macroeconomic major market discipline ment Ministry of Finance monitor moral hazard narrow bank nonperforming loans Number number of institutions payments percent Percentage Poland political portfolios ratios real estate recapitalization recently reform regulatory requirements restructuring risk role S&Ls savings and loan shock SOCBs stability standards structure subordinated debt supervisory tion Total assets transition economies Ukraine Washington weak World Bank
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