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Crises --- Crises management --- Social change

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Financial sector liberalization was high on the agenda of policymakers during the last quarter of the twentieth century. But there were significant differences in the pace and scale of reform. This pamphlet examines the factors triggering-or impeding and even reversing-financial reform in 35 economies, both industrial and developing.

Banks and Banking --- Industries: Financial Services --- Financial Institutions and Services: General --- Financial Crises --- Economic & financial crises & disasters --- Financial sector --- Banking crises --- Financial services industry --- Financial crises --- New Zealand

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Financial crises --- Lenders of last resort --- Monetary policy

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What causes a financial crisis? Can crises be anticipated or even avoided? Should governments & international institutions intervene? Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises & use the latest economic theories to begin to understand the causes & consequences.

Financial crises --- Financiële crises. --- 338.124.4 --- crise financiere --- 332 --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- 338.124.4 Conjunctuurtheorie. Hoogconjunctuur. Laagconjunctuur. Depressie. Recessie. Crisis --- Conjunctuurtheorie. Hoogconjunctuur. Laagconjunctuur. Depressie. Recessie. Crisis --- financiele crisis --- Crises --- Financial crises. --- E-books --- Crises économiques

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The paper provides an empirical analysis of aggregate banking system ratios during systemic banking crises. Drawing upon a wide cross-country dataset, we utilize parametric and nonparametric tests to assess the power of these ratios to discriminate between sound and unsound banking systems. We also estimate a duration model to investigate whether the ratios help determine the timing of a banking crisis. Despite some weaknesses in the available data, our findings offer initial evidence that some indicators are precursors for the likelihood and timing of systemic banking problems. Nevertheless, we caution against sole reliance on these indicators and advocate supplementing them with other tools and techniques.

Banks and Banking --- Finance: General --- Industries: Financial Services --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Crises --- General Financial Markets: Government Policy and Regulation --- Banking --- Finance --- Economic & financial crises & disasters --- Commercial banks --- Banking crises --- Financial soundness indicators --- Nonperforming loans --- Banks and banking --- Financial crises --- Financial services industry --- Loans --- Mexico --- Bank examination --- Bank failures --- Econometric models.