The paper sketches the structure and recent performance of banking systems in 23 emerging economi... more The paper sketches the structure and recent performance of banking systems in 23 emerging economies. Establishing the true magnitude of the likely losses from bad loans is far from straightforward as eventual losses depend significantly on collateral and corporate bankruptcy arrangements. Assistance to banks involves balancing short-term concerns about avoiding bank runs and a credit crunch with medium-term concerns about limiting moral hazard and fostering a robust banking system. Deposit insurance is examined in some detail, along with the institutional arrangements needed to manage impaired assets such as domestic mergers, foreign takeovers and taking banks into state ownership.
The paper sketches the structure and recent performance of banking systems in 23 emerging economi... more The paper sketches the structure and recent performance of banking systems in 23 emerging economies. Establishing the true magnitude of the likely losses from bad loans is far from straightforward as eventual losses depend significantly on collateral and corporate bankruptcy arrangements. Assistance to banks involves balancing short-term concerns about avoiding bank runs and a credit crunch with medium-term concerns about limiting moral hazard and fostering a robust banking system. Deposit insurance is examined in some detail, along with the institutional arrangements needed to manage impaired assets such as domestic mergers, foreign takeovers and taking banks into state ownership.
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Papers by Philip Turner
a robust banking system. Deposit insurance is examined in some detail, along with the institutional arrangements needed
to manage impaired assets such as domestic mergers, foreign takeovers and taking banks into state ownership.
a robust banking system. Deposit insurance is examined in some detail, along with the institutional arrangements needed
to manage impaired assets such as domestic mergers, foreign takeovers and taking banks into state ownership.