A Brookings Institution Press and World Bank Group publication Throughout the 1990s,
numerous financial crises rocked the world financial sector. The Asian bubble burst, for …

Financial crises can be damaging and contagious, prompting calls for swift policy
responses. The financial crises of the past have led affected economies into deep …

Both the frequency and severity of international financial crises seem to have been rising
over the last twenty years or so, in most cases associated with rising internal or external debt …

Financial crises are a recurring feature of modern economies. This article summarizes the
lessons learned from policy interventions and tools used to resolve banking crises from a …

The lingering effects of the economic crisis are still visible—this shows a clear need to
improve our understanding of financial crises. This book surveys a wide range of crises …

What has caused the epidemic of financial crises in the last 2 decades of the 20th century,
and what steps can be taken--perhaps are being taken--to minimize the vulnerability? This …

This chapter and the others in this part of the volume evaluate factors common to banking
crises and extract the lessons that can be drawn to avoid repetition of past mistakes …

Financial crises are recurring phenomena that can cause significant economic and societal
loss. This book is therefore vitally important as it analyzes why and how financial crises …

Since 1990, major banking and current crises have occurred in many countries throughout
the world-including Mexico and Latin America in 1994-95, East Asia in 1997-98, and Russia …

I'm very pleased to participate in this conference honoring my good friend Mervyn King. As
Mervyn noted in a recent speech in New York, we had adjoining offices at MIT as young …