Bank Failures in the Major Trading Countries of the World: Causes and Remedies

Bank Failures in the Major Trading Countries of the World: Causes and Remedies

Bank Failures in the Major Trading Countries of the World: Causes and Remedies

Bank Failures in the Major Trading Countries of the World: Causes and Remedies

Synopsis

Bank failures have been common in the major foreign trading countries of the world during the volatile years since 1980. Here now is the first major study to deal with recent bank failures, near failures, and significant "incidents" in the foreign G-10 economies, and how governments resolved them. Countries analyzed include: Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Switzerland, Sweden, United Kingdom, and the United States.

Excerpt

Well-known economist Anna J. Schwartz has said, ‘‘With respect to the terms that a reader encounters in the literature, financial fragility, financial crises, and financial instability are as common as systemic risk, but the terms have different meanings for different writers’’ (1995, 20). Exactly the same problem exists when we are trying to define bank failures, near failures, significant incidents, and other terms used in this book. Nevertheless, a discussion of these and other terms is necessary to provide a framework for this survey. the major concepts covered in this chapter are:

Contagion

Crisis

Failure and Near Failure

Insolvent

Panics

Resolution

Runs

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