{"product_id":"indian-economy-copy-2","title":"Financial Crises","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv\u003e\n\u003cp\u003eThe 2007–09 global financial crisis saw colossal disruptions in asset and credit markets, massive erosions of wealth, and unprecedented numbers of bankruptcies. Its lingering effects are still visible in advanced economies and emerging markets alike—this shows a clear need to improve our understanding of financial crises.\u003cspan\u003e \u003c\/span\u003e\u003cem\u003eFinancial Crises: Causes, Consequences, and Policy Responses\u003cspan\u003e \u003c\/span\u003e\u003c\/em\u003efills a critical gap in the rich literature on the subject. It provides a broad overview of the current research and reviews typical patterns that precede crises, analyzes the evolution of these episodes, examines various policy responses, and studies the aftermath of these crises. The book features contributions from prominent scholars in the field and researchers at the IMF.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eStijn Claessens\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Assistant Director in the Research Department of the International Monetary Fund.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eM. Ayhan Kose\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Assistant to the Director in the Research Department of the International Monetary Fund.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLuc Laeven\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Lead Economist in the Research Department of the International Monetary Fund.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eFabián Valencia\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Senior Economist in the Research Department of the International Monetary Fund.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ch2 class=\"p1\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cp class=\"p1\"\u003e  \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eForeword\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAcknowledgments\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eIntroduction\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eContributors\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAbbreviations\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePART I   INTRODUCTION AND DESCRIPTION OF FINANCIAL CRISES\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e1.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eFinancial Crises: Explanations, Types, and Implications\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eStijn Claessens and M. Ayhan Kose\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e2.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eSystemic Banking Crises\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLuc Laeven and Fabián Valencia\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePART II   LESSONS IN CRISIS PREVENTION AND MANAGEMENT\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e3.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eFinancial and Sovereign Debt Crises: \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eSome Lessons Learned and Those Forgotten\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eCarmen M. Reinhart and Kenneth S. Rogoff\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e4.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eProcyclicality and the Search for Early Warning Indicators\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eHyun Song Shin\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e5.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eResilience in Latin America: Lessons from Macroeconomic \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eManagement and Financial Policies\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eJosé De Gregorio\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e6.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eExternal Imbalances and Financial Crises\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAlan M. Taylor\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePART III   SHORT-TERM EFFECTS: CRISES, RECESSIONS,\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAND RECOVERIES\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e7.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eThe Global Financial Crisis: \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eHow Similar? How Different? How Costly?\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eStijn Claessens, M. Ayhan Kose, and Marco E. Terrones\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e8.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eFrom Recession to Recovery: How Soon and How Strong?\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003ePrakash Kannan, Alasdair Scott, and Marco E. Terrones\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePART IV   MEDIUM-TERM EFFECTS: ECONOMIC GROWTH\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e9.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eWhat’s the Damage? Medium-Term Output \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eDynamics after Financial Crises\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAbdul Abiad, Ravi Balakrishnan, Petya Koeva Brooks, \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eDaniel Leigh, and Irina Tytell\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e10.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eWhat Have We Learned about Creditless Recoveries?\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAbdul Abiad, Giovanni Dell’Ariccia, and Bin Li\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePART V   POLICY MEASURES TO PREVENT BOOMS, \u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMITIGATE BUSTS, AND AVOID FINANCIAL CRISES\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e11.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003ePolicies for Macro-Financial Stability: \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eDealing with Credit Booms and Busts\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eGiovanni Dell’Ariccia, Deniz Igan, Luc Laeven, and Hui Tong\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e12.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003ePolicies for Macro-Financial Stability: \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eManaging Real Estate Booms and Busts\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eChristopher Crowe, Giovanni Dell’Ariccia, Deniz Igan, and Pau Rabanal\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e13.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eResolution of Banking Crises: The Good, the Bad, and the Ugly\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLuc Laeven and Fabián Valencia\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e14.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eHow Effective Is Fiscal Policy Response in Financial Crises?\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eEmanuele Baldacci, Sanjeev Gupta, and Carlos Mulas-Granados\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003ePART VI   POLICY MEASURES TO MITIGATE THE IMPACT OF \u003c\/p\u003e\n\u003cp class=\"p1\"\u003eFINANCIAL CRISES; AND THE RESTRUCTURING OF BANKS \u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAND OF HOUSEHOLD AND SOVEREIGN DEBT\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e15.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eCrisis Management and Resolution: \u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eEarly Lessons from the 2007–09 Financial Crisis\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eStijn Claessens, Ceyla Pazarbasioglu, Luc Laeven, Marc Dobler,\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eFabián Valencia, Oana Nedelescu, and Katharine Seal\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e16.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eThe Economics of Bank Restructuring: Understanding the Options\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAugustin Landier and Kenichi Ueda\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e17.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003ePrinciples of Household Debt Restructuring\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLuc Laeven and Thomas Laryea\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e18.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eDealing with Household Debt\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eDeniz Igan, Daniel Leigh, John Simon, and Petia Topalova\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e19.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRestructuring Sovereign Debt: Lessons from Recent History\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eUdaibir S. Das, Michael G. Papaioannou, and Christoph Trebesch\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eIndex\u003c\/p\u003e\n\u003cbr\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100.707%; height: 85px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2014\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e670\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332701618\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Stijn Claessens (Ed.)‚ M. Ayhan Kose (Ed.)‚ Luc Laeven (Ed.)‚ Fabián Valencia (Ed.)","offers":[{"title":"Paperback \/ ENG- English \/ Finance","offer_id":51553716896065,"sku":null,"price":1495.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Financialcrises.jpg?v=1779181450","url":"https:\/\/www.academicfoundation.com\/products\/indian-economy-copy-2","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}