Banking Crisis Resolution Policy - Lessons from Recent Experience - which elements are needed for robust and efficient crisis resolution?
The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution methods adopted in the Nordic banking crises in the 1990s are generally acknowledged to include important elements of “best practice”. But some of these lessons have proved hard to implement during the current crisis, and new policies have been developed as a response, particularly in the UK. Still, unresolved issues remain. These are discussed in a review of the resolution methods in the US, UK and NZ.
|Date of creation:||2009|
|Contact details of provider:|| Postal: Poschingerstrasse 5, 81679 Munich|
Phone: +49 (89) 9224-0
Fax: +49 (89) 985369
Web page: http://www.cesifo-group.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David G. Mayes & Geoffrey Wood, 2008. "Lessons from the Northern Rock Episode," Economie Internationale, CEPII research center, issue 114, pages 5-27.
- Finn Østrup & Lars Oxelheim & Clas Wihlborg, 2009.
"Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises,"
Asian Economic Papers,
MIT Press, vol. 8(3), pages 178-220, October.
- Ostrup, Finn & Oxelheim, Lars & Wihlborg, Clas, 2009. "Origins and Resolution of Financial Crises; Lessons from the Current and Northern European Crises," Working Paper Series 796, Research Institute of Industrial Economics.
- Larry D. Wall, 2010.
"Prudential discipline for financial firms: micro, macro, and market structures,"
FRB Atlanta Working Paper
2010-09, Federal Reserve Bank of Atlanta.
- Larry D. Wall, 2010. "Prudential Discipline for Financial Firms: Micro, Macro, and Market Structures," Working Papers id:3040, eSocialSciences.
- Wall, Larry D., 2009. "Prudential Discipline for Financial Firms: Micro, Macro, and Market Structures," ADBI Working Papers 176, Asian Development Bank Institute.
- Mayes, David G. & Nieto, María J. & Wall, Larry, 2008.
"Multiple safety net regulators and agency problems in the EU: Is Prompt Corrective Action partly the solution?,"
Journal of Financial Stability,
Elsevier, vol. 4(3), pages 232-257, September.
- David G. Mayes & María J. Nieto & Larry Wall, 2008. "Multiple safety net regulators and agency problems in the EU: Is Prompt Corrective Action partly the solution?," Working Papers 0819, Banco de España;Working Papers Homepage.
- Joe Peek & Eric S. Rosengren, 1996.
"Will Legislated Early Intervention Prevent the Next Banking Crisis?,"
Boston College Working Papers in Economics
359, Boston College Department of Economics.
- Joe Peek & Eric S. Rosengren, 1996. "Will legislated early intervention prevent the next banking crisis?," Working Papers 96-5, Federal Reserve Bank of Boston.
When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_2823. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe)
If references are entirely missing, you can add them using this form.