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| Author: | Smalhout, J. |
| Title: | How to contain banking crises |
| Journal: | Euromoney
1997 : JUN, 6, p. 47-49 |
| Index terms: | BANKING CRISES MARKETS INTERNATIONAL SUPERVISION |
| Language: | eng |
| Abstract: | Governments in emerging markets have spend billions bailing out banks in the past decade. Maybe the industrial countries could stop the disaster by imposing worldwide rules for better supervision, building markets and institutions in their own image, or by letting free markets work. The IMF reported last year that more than 130 countries had experienced significant banking problems since 1980. These problems seem bound to last for at least another decade. Particularly the banking systems in development countries are quite fragile. |
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