search query: @indexterm Banks / total: 1629
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| Author: | Llewellyn, D. T. |
| Title: | An analysis of the causes of recent banking crises |
| Journal: | European Journal of Finance
2002 : JUN, VOL 8:2, p. 152-175 |
| Index terms: | BANKS ANALYTICAL REVIEW CRISES FINANCE |
| Language: | eng |
| Abstract: | The incidence of systemic banking crises has risen over the past twenty years and the costs have been high. Although each country's experience has country-specific factors, several common elements appear in most crisis countries: (1) volatility in the macro economy; (2) the inheritance of structural weaknesses in the economy and financial system; (3) hazardous banking practices; (4) hazardous incentive structures and moral hazard within the financial system; (5) ineffective regulation; (6) weak monitoring and supervision by official agencies; (7) the absence of effective market discipline on banks, and (8) structurally unsound corporate governance mechanisms within banks and their borrowing customers. |
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