Enoch, Charles
[VerfasserIn]
;
Gulde, Anne-Marie
[Sonstige Person, Familie und Körperschaft];
Hardy, Daniel
[Sonstige Person, Familie und Körperschaft]
Erschienen in:IMF Working Paper, Vol. , pp. 1-70, 2002
Umfang:
1 Online-Ressource (70 p)
Sprache:
Nicht zu entscheiden
DOI:
10.2139/ssrn.879530
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2002 erstellt
Beschreibung:
Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these crises are described, and parallels are drawn with the causes of banking crises in industrial and developing countries. Resolving the crises proved technically and politically difficult, and setbacks occurred. Successful resolution required the implementation of a comprehensive and decisive strategy, involving thorough-going bank restructuring, heavy fiscal costs, and institutional and legal reforms