Restructuring banking systems

Research output: A Conference proceeding or a Chapter in BookChapter

Abstract

Financial crises have been associated with severely damaged banking systems. Restoring economies to full health requires ensuring the banking system is operating effectively. There are two, sometimes conflicting, objectives. Firstly, the banks need to be repaired to avoid a severe credit crunch—this is the main focus of this paper. Secondly, the banking environment needs to be improved so that the problems do not recur. Reassuring current depositors and encouraging new lending by banks without reducing incentives for future creditors and shareholders to take due care (that is, avoiding moral hazard) is always a challenging task.
Original languageEnglish
Title of host publicationGlobal Financial Crises
Subtitle of host publicationLessons From Recent Events
EditorsJoseph Bisignano, William Hunter, George Kaufman
Place of PublicationDodrecht
PublisherKluwer Academic Publishers
Chapter11
Pages121-141
Number of pages21
ISBN (Print)9780792378655
Publication statusPublished - Jun 2000
Externally publishedYes

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