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Titlebook: Global Financial Crises; Lessons From Recent Joseph R. Bisignano,William C. Hunter,George G. Ka Book 2000 Springer Science+Business Media

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https://doi.org/10.1007/978-3-8348-9634-6nd strengthening existing mechanisms. As will become clear in the course of these remarks, I am closer to the second school of thought, though I recognize the risk in it of falling victim to forces of inertia.
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https://doi.org/10.1007/978-94-009-3479-5mented at the time that it was premature to distill lessons from the Asian crisis that was still underway. Today, we are somewhat better placed to look back to this period of extraordinary turbulence, but in my view humility is still required.
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Fan Huang,Véronique Veque,Joanna Tomasikegulations, other supervisory procedures, and appropriate depositor protection—these are covered by other papers in this volume. 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.
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Policy Responses to Global Financial Crisesmented at the time that it was premature to distill lessons from the Asian crisis that was still underway. Today, we are somewhat better placed to look back to this period of extraordinary turbulence, but in my view humility is still required.
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Lessons from Economies in Transition during the Recent Global Financial Crisesxperiences in the region over the past two and half years can offer us fresh perspectives on the nature of financial risk, the efficacy of national policies and the uses of the international financial institutions in this era of unprecedented financial globalization..
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-95, East Asia in 1997-98, andRussia and Brazil in 1998 - with large costs both to theindividual countries experiencing the crises and to other nations. Asa result, considerable effort has been expended by economists andpolicymakers to identify the causes of these crises and to designprograms with t
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