Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108616
Authors: 
Claessens, Stijn
Kose, M. Ayhan
Laeven, Luc
Valencia, Fabián
Year of Publication: 
2013
Series/Report no.: 
Koç University-TÜSİAD Economic Research Forum Working Paper Series 1301
Abstract: 
The global financial crisis of 2007-09 has led to an intensive research program analyzing a wide range of issues related to financial crises. This paper presents a summary of a forthcoming book, Financial Crises: Causes, Consequences, and Policy Responses, that includes 19 contributions examining these issues and distilling policy lessons. The book covers a wide range of crises, including banking, balance-of-payments, and sovereign debt crises. It reviews the typical patterns prior to crises, considers lessons on their antecedents, and analyzes their evolution and aftermath. It also provides valuable policy lessons on how to prevent, contain and manage financial crises.
Subjects: 
global financial crisis
sudden stops
debt crises
banking crises
currency crises
defaults
restructuring
welfare cost
asset price busts
credit busts
prediction of crises
JEL: 
E32
F44
G01
E5
E6
H12
Document Type: 
Working Paper

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