Controlling fiscal costs of banking crises
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Controlling fiscal costs of banking crises by Patrick Honohan

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Published by World Bank, Policy Research Dissemination Center in Washington, D.C .
Written in English

Subjects:

  • Bank failures -- Costs -- Econometric models.,
  • Financial crises -- Costs -- Econometric models.

Book details:

Edition Notes

StatementPatrick Honohan and Daniela Klingebiel.
SeriesPolicy research working paper ;, 2441, Policy research working papers (Online) ;, 2441.
ContributionsKlingebiel, Daniela., World Bank. Development Research Group., World Bank. Financial Sector Strategy and Policy Dept.
Classifications
LC ClassificationsHG3881.5.W57
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3669359M
LC Control Number2002616197

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Controlling the Fiscal Costs of Banking Crises. c b. Tweet Like Share # Shares: 0. Download. English PDF MB. Text file KB. Published. Journal 1. Not only do banking crises hit the budget with outlays that must be absorbed by higher taxes (or spending cuts), but they are costly in terms of forgone economic output.   Certain measures add greatly to the fiscal cost of banking crises: unlimited deposit guarantees, open-ended liquidity support, repeated recapitalization, debtor bail-outs, and regulatory forbearance. The findings in this paper tilt the balance in favor of a strict rather than an accommodating approach to crisis ://?abstract_id= Downloadable! In recent decades, a majority of countries have experienced a systemic banking crisis requiring a major-and expensive-overhaul of their banking system. Not only do banking crises hit the budget with outlays that must be absorbed by higher taxes (or spending cuts), but they are costly in terms of forgone economic output. Many different policy recommendations have been made for   Controlling Fiscal Costs of Banking Crises Patrick Honohan and Daniela Klingebiel The World Bank* _____ * Thanks toThorsten Beck, Gerard Caprio,Stijn Claessens, Asli Demirguç-Kunt, Danny Leipziger, Giovanni Majnoni, Sole Martinez, Eric Rosengren, David Scott, and participants

  September Certain measures add greatly to the fiscal cost of banking crises: unlimited deposit guarantees, open-ended liquidity support, repeated recapitalization, debtor bail-outs, and regulatory forbearance. The findings in this paper tilt the balance in favor of a strict rather than an accommodating approach to crisis ://   Controlling the Fiscal Costs Certain measures add greatly of Banking Crises to the fiscal cost of banking crises: unlimited deposit guarantees, open-ended Patrick Honohan liquidity support, repeated recapitalization, debtor Daniela Klingebiel bail-outs, and regulatory forbearance. The findings in this paper tilt the balance in In recent decades, a majority of countries have experienced a systemic banking crisis requiring a major-and expensive-overhaul of their banking system. Not only do banking crises hit the budget with outlays that must be absorbed by higher taxes (or spending cuts), but they are costly in terms of forgone economic output. Many different policy recommendations have been made for limiting the cost   They find that accommodating policies - such as blanket deposit guarantees, debtor bailouts, and regulatory forbearance, etc. - significantly increase fiscal costs. The third chapter, is a comprehensive database on systemic banking crises that have occurred since the late ://

Controlling the fiscal costs of banking crises (English) Abstract. In recent decades, a majority of countries have experienced a systemic banking crisis requiring a major-and expensive-overhaul of their banking system. Not only do banking crises hit the budget with outlays /Controlling-the-fiscal-costs-of-banking-crises. This paper examines fiscal costs of systemic banking crises. It uses a dataset of 65 crisis episodes since and considers both the direct budgetary cost of government intervention and the Get this from a library! Controlling the Fiscal Costs of Banking Crises. [Patrick Honohan; Daniela Klingebiel]   The harsh treatment that Greece received set the template for the lending agreements that the troika then made with Ireland, Portugal, and Cyprus, all of which had banking crises of their ://