Access the full text.
Sign up today, get DeepDyve free for 14 days.
S. Claessens, D. Klingebiel, L. Laeven (2005)
Systemic Financial Crises: Crisis Resolution, Policies, and Institutions: Empirical Evidence
Philippe Jorion (1999)
Risk Management Lessons from Long-Term Capital ManagementDerivatives
L. Kodres, M. Pritsker (1998)
A Rational Expectations Model of Financial ContagionInternational Finance eJournal
(1999)
Contagion and trade
T. Persson, G. Tabellini (1999)
The size and scope of governmentEuropean Economic Review, 43
Ilker Domaç, Maria Peria (2000)
Banking Crises and Exchange Rate Regimes: Is There a Link?
G. Kaminsky (2006)
Currency crises: Are they all the same?☆Journal of International Money and Finance, 25
(2003)
The center and the periphery: The globalization of financial turmoil
M. Quintyn, David Hoelscher (2003)
Managing Systemic Banking Crises
Antonio Fatás, I. Mihov (1999)
Government Size and Automatic Stabilizers: International and Intranational EvidencePublic Economics eJournal
R. Lowenstein (2000)
When Genius Failed: The Rise and Fall of Long-Term Capital Management
Miguel Basurto, C. Goodhart (2009)
Banking Stability MeasuresBanking & Insurance
A. Pavlova, R. Rigobón (2003)
Asset Prices and Exchange RatesCapital Markets: Asset Pricing & Valuation eJournal
L. Zanforlin, Ian Tower, Erlend Nier, Michael Moore, Ana Carvajal, R. Dodd (2009)
The Perimeter of Financial Regulation
S. Claessens, D. Klingebiel, L. Laeven
Crisis resolution, policies and institutions: empirical evidence
(2008)
Banking Crises: An Equal Opportunity Menace
R. Glick, A.K. Rose
Contagion and trade: why are currency crises regional?
Kristin Forbes, R. Rigobón (2002)
No Contagion, Only Interdependence: Measuring Stock Market ComovementsJournal of Finance, 57
Robert Flood, N. Marion (1998)
Perspectives on the Recent Currency Crisis LiteratureInternational Monetary Fund (IMF) Research Paper Series
L. Laeven, Fabián Valencia (2008)
Systemic Banking Crises: A New DatabaseInternational Finance eJournal
P. Honohan, D. Klingebiel (2003)
The fiscal cost implications of an accommodating approach to banking crisesJournal of Banking and Finance, 27
Mardi Dungey, Vance Martin (2007)
Unravelling financial market linkages during crisesJournal of Applied Econometrics, 22
Kathy Yuan (2005)
Asymmetric Price Movements and Borrowing Constraints: A Rational Expectations Equilibrium Model of Crises, Contagion, and ConfusionJournal of Finance, 60
F. Allen, D. Gale
Financial contagion
(2005)
Market Integration and Contagion
T. Persson, G. Tabellini (1998)
The Size and the Scope of Government: Comparative Politics with Rational PoliticiansMacroeconomics eJournal
European Commission
Public Finances in EMU – 2009
Purpose – Previous academic literature indicates that the case of the banking crises recovery, in view of implemented regulations and policies, differs across times and countries. This is explained by varied institutional environments in which banking sectors operate, and in which financial crises persist. Therefore, the aim of this study is to prioritize investigation of the regulatory framework in the crisis‐response policies across European countries affected by the current financial turmoil. In order to elicit most accurate results and fill in the gap in existing literature on banking crises, the paper aims to focus on both qualitative and quantitative methodological frameworks in order to ensure that the concerns raised by practitioners are addressed and implications for the regulatory processes instrumented. Design/methodology/approach – The emphasis of the current study has been laid to flag the region‐ and country‐specific vulnerabilities in regulatory framework employed for banking crisis recovery. Additional focus has been put on groups of systemic risk which evolved from the current financial crisis and ways these risks can be ameliorated. Furthermore, the current paper strives to explore the ideas of ways to ameliorate negative outcomes of the global crisis and mitigate common risks with reference to the flawed regulations. Especially, important issues have been raised by the interviewed experts who put forward their opinions on the ways of lifting the regulatory shortcomings and costs of remedies identified in the study and who provided solutions to ensuring the financial stability of European capital markets. Findings – The study highlighted areas of regulations that require immediate attention and which failed to prevent financial markets from the current banking crisis. These findings are then summarized with constructive proposals on how to amend banking sector and financial regulations. The study also provides a cross‐European comparison of the financial crisis‐recovery policies, evaluating solutions adopted in various selected European countries. Henceforth, the empirical model tested the possibility of a tradeoff existing between remedies which involve substantial public funds and exert burden on both fiscal balances and taxpayers, and the speed and effectiveness of the recovery processes. To this point, no tradeoff has been found. Moreover, contrasting the current banking crisis to the past financial market disturbances, highlighted the magnitude of the nascent economic downturn prevailing in Europe. Originality/value – Since the existing body of literature abounds in studies devoted to investigations of the causes for the current banking crisis, the research focus of this paper has been shifted away from the factors and flawed regulations that trigger banking crises. To this point, the paper has traits of pioneering work.
Qualitative Research in Financial Markets – Emerald Publishing
Published: Oct 4, 2011
Keywords: Financial crisis; Banking; Recovery policies; Financial markets; International finance
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.