Resolution of Banking Crises: The Good, the Bad, and the Ugly

  title={Resolution of Banking Crises: The Good, the Bad, and the Ugly},
  author={L. Laeven and F. Valencia},
  journal={Monetary Economics eJournal},
  • L. Laeven, F. Valencia
  • Published 2010
  • Business
  • Monetary Economics eJournal
  • This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of interventions. Direct fiscal costs to support the financial sector were smaller this time as a consequence of swift policy action and significant indirect support from expansionary monetary and fiscal policy, the… CONTINUE READING
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