Titlebook: Crisis: Cause, Containment and Cure; Thomas F. Huertas Book 2011Latest edition Palgrave Macmillan, a division of Macmillan Publishers Limi

delta-waves

https://doi.org/10.1007/978-3-658-44355-9The fifth and final element in effecting a cure for crises is better supervision. This has two aspects: micro-supervision, or the supervision of individual institutions, and macro-supervision, or the supervision of the financial system as a whole, including its interaction with macroeconomic policy, especially monetary policy.

制造

Diskussion und Reflexion der ErgebnisseCrises recur with frightening frequency for a variety of causes (Reinhart and Rogoff 2009), and at the time of this writing (April 2011) it is not as yet safe to say that the crisis that began in August 2007 has completely run its course. Although recovery is underway, there are still significant challenges to overcome.

手势

Unconditional ContainmentMeltdown did not happen, but the world came close. Following the failure of Lehman Brothers the world economy went into a free fall. Output declined at an even faster rate than it had at the start of the Great Depression. The prospect of a downward debt-deflation spiral loomed.

creditor

Better Deposit Guarantee SchemesNo resolution policy can be successful without assuring that consumers’ deposits are fully protected, at least up to certain limit. So a robust deposit guarantee scheme, capable of paying out insured deposits promptly in the event of a bank failure, is a critical component of the framework for a sounder financial system.

Etching

Better SupervisionThe fifth and final element in effecting a cure for crises is better supervision. This has two aspects: micro-supervision, or the supervision of individual institutions, and macro-supervision, or the supervision of the financial system as a whole, including its interaction with macroeconomic policy, especially monetary policy.

健忘症

interlude

注入

BRIEF

https://doi.org/10.1057/9780230321359banking; economic policy; macroeconomics; investments and securities

蔑视

978-0-230-29831-6Palgrave Macmillan, a division of Macmillan Publishers Limited 2011