Template-Type: ReDIF-Article 1.0
Author-Name: Dániel Felcser
Author-Email: felcserd@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank (central bank of Hungary)
Author-Name: Gyöngyi Körmendi
Author-Email: kormendigy@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank (central bank of Hungary)
Title: International experiences of banking crises: management tools and macroeconomic consequences
Abstract: Our study summarises the experiences of earlier banking crises on the basis of international data. Following a review of the tools which can be used in the initial, acute phase of banking crises and a description of the lessons drawn from their application to date, we examine the macroeconomic consequences of banking crises. Based on international experiences, although the growth rate of the economy may turn positive relatively quickly after a banking crisis, output losses are high, unemployment remains a problem for a longer time, and protracted adjustment processes start in the banking sector.
Classification-JEL: E60, G01, G21, G28
Keywords: banking crisis, containment policies, monetary policy, macroeconomic effects
Journal: MNB Bulletin
Pages: 13-21
Volume: 5
Issue: 2
Year: 2010
Month: June
File-URL: http://www.mnb.hu/letoltes/felcser-kormendi-en.pdf
File-Format: Application/pdf

Handle: RePEc:mnb:bullet:v:5:y:2010:i:2:p:13-21