Dealing with the Crisis
The immediate financial sector policy responses to the financial crisis, including emergency liquidity support, expansion of financial safety nets, and interventions in financial institutions, have succeeded in stemming widespread panic. But the ef...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/06/10849061/dealing-crisis http://hdl.handle.net/10986/10245 |
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okr-10986-102452021-04-23T14:02:49Z Dealing with the Crisis Stephanou, Constantinos ACCOUNTABILITY ACCOUNTING ADVERSE EFFECTS ASSET PRICES ASSET RESOLUTION ASSETS AUCTION AUCTION MECHANISMS AUDITS BAD BANK BANK BALANCE SHEETS BANK DEBT BANK FINANCING BANK FOR INTERNATIONAL SETTLEMENTS BANK GOVERNORS BANK OPERATIONS BANK RESTRUCTURING BANKING CRISES BANKING CRISIS BANKING SYSTEM CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INJECTIONS CAPITAL MARKETS CAPITAL NEEDS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANKS COMMODITY COMMODITY PRICES COMMON SHARES CONTINGENCY PLANNING CORPORATE DEBT CORPORATE GOVERNANCE CREDIT CRUNCH CREDIT FLOWS CREDIT GROWTH CREDIT GUARANTEES CREDIT LOSSES CREDIT MARKETS CREDIT UNDERWRITING CREDITORS CREDITWORTHINESS CURRENCY CURRENCY MISMATCHES DEBT CAPITAL DEBT ISSUANCE DEBT ISSUES DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSIT INSURANCE SCHEMES DEPOSIT MOBILIZATION DEPOSITORS DEPOSITS DISTRESSED ASSETS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC LIQUIDITY ECONOMIC ACTIVITY ECONOMIC RECESSION ECONOMIC STRUCTURE EMERGENCY LIQUIDITY SUPPORT EMERGING ECONOMIES EMERGING MARKETS EMERGING-MARKET EXCHANGE RATES EXPOSURES EXTERNAL DEFICITS EXTERNAL FINANCING EXTERNAL SHOCK EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL ENGINEERING FINANCIAL HEALTH FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL PENETRATION FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL SAFETY FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCING NEEDS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORMS OF DEBT GLOBAL BANKING GLOBAL FINANCIAL MARKET GLOBALIZATION GOVERNANCE PRACTICES GOVERNANCE STRUCTURE GOVERNMENT GUARANTEE GOVERNMENT SUPPORT GROWTH RATES ILLIQUIDITY INCOME INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MOBILITY INTERNATIONAL SETTLEMENTS INVESTOR CONFIDENCE LACK OF CREDIBILITY LACK OF TRANSPARENCY LEGAL POWERS LENDER LENDER OF LAST RESORT LINES OF CREDIT LIQUIDITY LOAN LOAN PORTFOLIOS MARKET ECONOMIES MARKET PARTICIPANTS MATURITY MONETARY FUND MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE MARKET NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS OUTPUT POLICY RESPONSE POLICY RESPONSES PRIVATE FINANCIAL INSTITUTIONS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROBLEM LOANS PROVISION OF CREDIT PRUDENTIAL REQUIREMENTS PUBLIC POLICY PUBLIC SECTOR DEBT REAL SECTOR RECAPITALIZATION RECESSION REGULATORS REMITTANCES RESERVE RESERVE REQUIREMENTS RISK AVERSION RISK SHARING SAFETY NETS SECURITIES SHAREHOLDER SHAREHOLDERS SOLVENCY SOLVENCY PROBLEMS SOLVENT STATE GUARANTEE STATE INTERVENTION SUBSIDIZATION SUPPORT FROM GOVERNMENTS SWAP SYSTEMIC RISK SYSTEMIC STABILITY TRADE FINANCE VALUATION VALUATIONS WORKOUT WORKOUTS The immediate financial sector policy responses to the financial crisis, including emergency liquidity support, expansion of financial safety nets, and interventions in financial institutions, have succeeded in stemming widespread panic. But the effort has generally been insufficient and ad hoc. Issues that remain include the resolution of problem assets, the restructuring of troubled, systemically important financial institutions, and the development of credible exit strategies. Only a handful of countries have attempted to tackle these issues head-on. As past experience has shown, that may well have negative repercussions for the duration and strength of a subsequent recovery. 2012-08-13T10:50:23Z 2012-08-13T10:50:23Z 2009-06 http://documents.worldbank.org/curated/en/2009/06/10849061/dealing-crisis http://hdl.handle.net/10986/10245 English Crisis Response Note; No. 1 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
ACCOUNTABILITY ACCOUNTING ADVERSE EFFECTS ASSET PRICES ASSET RESOLUTION ASSETS AUCTION AUCTION MECHANISMS AUDITS BAD BANK BANK BALANCE SHEETS BANK DEBT BANK FINANCING BANK FOR INTERNATIONAL SETTLEMENTS BANK GOVERNORS BANK OPERATIONS BANK RESTRUCTURING BANKING CRISES BANKING CRISIS BANKING SYSTEM CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INJECTIONS CAPITAL MARKETS CAPITAL NEEDS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANKS COMMODITY COMMODITY PRICES COMMON SHARES CONTINGENCY PLANNING CORPORATE DEBT CORPORATE GOVERNANCE CREDIT CRUNCH CREDIT FLOWS CREDIT GROWTH CREDIT GUARANTEES CREDIT LOSSES CREDIT MARKETS CREDIT UNDERWRITING CREDITORS CREDITWORTHINESS CURRENCY CURRENCY MISMATCHES DEBT CAPITAL DEBT ISSUANCE DEBT ISSUES DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSIT INSURANCE SCHEMES DEPOSIT MOBILIZATION DEPOSITORS DEPOSITS DISTRESSED ASSETS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC LIQUIDITY ECONOMIC ACTIVITY ECONOMIC RECESSION ECONOMIC STRUCTURE EMERGENCY LIQUIDITY SUPPORT EMERGING ECONOMIES EMERGING MARKETS EMERGING-MARKET EXCHANGE RATES EXPOSURES EXTERNAL DEFICITS EXTERNAL FINANCING EXTERNAL SHOCK EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL ENGINEERING FINANCIAL HEALTH FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL PENETRATION FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL SAFETY FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCING NEEDS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORMS OF DEBT GLOBAL BANKING GLOBAL FINANCIAL MARKET GLOBALIZATION GOVERNANCE PRACTICES GOVERNANCE STRUCTURE GOVERNMENT GUARANTEE GOVERNMENT SUPPORT GROWTH RATES ILLIQUIDITY INCOME INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MOBILITY INTERNATIONAL SETTLEMENTS INVESTOR CONFIDENCE LACK OF CREDIBILITY LACK OF TRANSPARENCY LEGAL POWERS LENDER LENDER OF LAST RESORT LINES OF CREDIT LIQUIDITY LOAN LOAN PORTFOLIOS MARKET ECONOMIES MARKET PARTICIPANTS MATURITY MONETARY FUND MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE MARKET NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS OUTPUT POLICY RESPONSE POLICY RESPONSES PRIVATE FINANCIAL INSTITUTIONS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROBLEM LOANS PROVISION OF CREDIT PRUDENTIAL REQUIREMENTS PUBLIC POLICY PUBLIC SECTOR DEBT REAL SECTOR RECAPITALIZATION RECESSION REGULATORS REMITTANCES RESERVE RESERVE REQUIREMENTS RISK AVERSION RISK SHARING SAFETY NETS SECURITIES SHAREHOLDER SHAREHOLDERS SOLVENCY SOLVENCY PROBLEMS SOLVENT STATE GUARANTEE STATE INTERVENTION SUBSIDIZATION SUPPORT FROM GOVERNMENTS SWAP SYSTEMIC RISK SYSTEMIC STABILITY TRADE FINANCE VALUATION VALUATIONS WORKOUT WORKOUTS |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ADVERSE EFFECTS ASSET PRICES ASSET RESOLUTION ASSETS AUCTION AUCTION MECHANISMS AUDITS BAD BANK BANK BALANCE SHEETS BANK DEBT BANK FINANCING BANK FOR INTERNATIONAL SETTLEMENTS BANK GOVERNORS BANK OPERATIONS BANK RESTRUCTURING BANKING CRISES BANKING CRISIS BANKING SYSTEM CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INJECTIONS CAPITAL MARKETS CAPITAL NEEDS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANKS COMMODITY COMMODITY PRICES COMMON SHARES CONTINGENCY PLANNING CORPORATE DEBT CORPORATE GOVERNANCE CREDIT CRUNCH CREDIT FLOWS CREDIT GROWTH CREDIT GUARANTEES CREDIT LOSSES CREDIT MARKETS CREDIT UNDERWRITING CREDITORS CREDITWORTHINESS CURRENCY CURRENCY MISMATCHES DEBT CAPITAL DEBT ISSUANCE DEBT ISSUES DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSIT INSURANCE SCHEMES DEPOSIT MOBILIZATION DEPOSITORS DEPOSITS DISTRESSED ASSETS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC LIQUIDITY ECONOMIC ACTIVITY ECONOMIC RECESSION ECONOMIC STRUCTURE EMERGENCY LIQUIDITY SUPPORT EMERGING ECONOMIES EMERGING MARKETS EMERGING-MARKET EXCHANGE RATES EXPOSURES EXTERNAL DEFICITS EXTERNAL FINANCING EXTERNAL SHOCK EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL ENGINEERING FINANCIAL HEALTH FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL PENETRATION FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL SAFETY FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCING NEEDS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORMS OF DEBT GLOBAL BANKING GLOBAL FINANCIAL MARKET GLOBALIZATION GOVERNANCE PRACTICES GOVERNANCE STRUCTURE GOVERNMENT GUARANTEE GOVERNMENT SUPPORT GROWTH RATES ILLIQUIDITY INCOME INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MOBILITY INTERNATIONAL SETTLEMENTS INVESTOR CONFIDENCE LACK OF CREDIBILITY LACK OF TRANSPARENCY LEGAL POWERS LENDER LENDER OF LAST RESORT LINES OF CREDIT LIQUIDITY LOAN LOAN PORTFOLIOS MARKET ECONOMIES MARKET PARTICIPANTS MATURITY MONETARY FUND MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE MARKET NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS OUTPUT POLICY RESPONSE POLICY RESPONSES PRIVATE FINANCIAL INSTITUTIONS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROBLEM LOANS PROVISION OF CREDIT PRUDENTIAL REQUIREMENTS PUBLIC POLICY PUBLIC SECTOR DEBT REAL SECTOR RECAPITALIZATION RECESSION REGULATORS REMITTANCES RESERVE RESERVE REQUIREMENTS RISK AVERSION RISK SHARING SAFETY NETS SECURITIES SHAREHOLDER SHAREHOLDERS SOLVENCY SOLVENCY PROBLEMS SOLVENT STATE GUARANTEE STATE INTERVENTION SUBSIDIZATION SUPPORT FROM GOVERNMENTS SWAP SYSTEMIC RISK SYSTEMIC STABILITY TRADE FINANCE VALUATION VALUATIONS WORKOUT WORKOUTS Stephanou, Constantinos Dealing with the Crisis |
| relation |
Crisis Response Note; No. 1 |
| description |
The immediate financial sector policy
responses to the financial crisis, including emergency
liquidity support, expansion of financial safety nets, and
interventions in financial institutions, have succeeded in
stemming widespread panic. But the effort has generally been
insufficient and ad hoc. Issues that remain include the
resolution of problem assets, the restructuring of troubled,
systemically important financial institutions, and the
development of credible exit strategies. Only a handful of
countries have attempted to tackle these issues head-on. As
past experience has shown, that may well have negative
repercussions for the duration and strength of a subsequent recovery. |
| format |
Publications & Research :: Brief |
| author |
Stephanou, Constantinos |
| author_facet |
Stephanou, Constantinos |
| author_sort |
Stephanou, Constantinos |
| title |
Dealing with the Crisis |
| title_short |
Dealing with the Crisis |
| title_full |
Dealing with the Crisis |
| title_fullStr |
Dealing with the Crisis |
| title_full_unstemmed |
Dealing with the Crisis |
| title_sort |
dealing with the crisis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/06/10849061/dealing-crisis http://hdl.handle.net/10986/10245 |
| _version_ |
1764412384940654592 |