An analysis of the causes of recent banking crises

@inproceedings{Llewellyn2002AnAO,
  title={An analysis of the causes of recent banking crises},
  author={David T. Llewellyn},
  year={2002}
}
The incidence of systemic banking crises has risen over the past twenty years and the costs have been high. Although each country's experience has country-specific factors, several common elements appear in most crisis countries: (1) volatility in the macro economy; (2) the inheritance of structural weaknesses in the economy and financial system; (3) hazardous banking practices; (4) hazardous incentive structures and moral hazard within the financial system; (5) ineffective regulation; (6) weak… CONTINUE READING

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