Financial Crises, Credit Ratings, and Bank Failures : An Introduction

Financial Crises, Credit Ratings, and Bank Failures : An Introduction

Financial crises of every variety rocked emerging markets in the second half of the 1990s. Nearly every region experienced currency crashes, banking crises were both numerous and severe, and a few countries, facing extreme duress, defaulted on thei...

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Bibliographic Details
Main Author: Reinhart, Carmen M.
Format: Journal Article
Language:English
en_US
Published: Washington, DC: World Bank 2014
Subjects:
BANK FAILURE
BANK FAILURES
BANKING CRISES
BOND
BOOM-BUST CYCLE
CAPITAL REQUIREMENTS
CENTRAL BANKS
CREDIT RATING
CREDIT RATING AGENCIES
CREDIT RATINGS
CREDIT RISKS
CURRENCY
CURRENCY CRISES
DEFAULTS
ECONOMICS
EMERGING MARKETS
EQUITY MARKET
FINANCIAL CRISES
FINANCIAL MARKETS
FINANCIAL SYSTEMS
INTERNATIONAL BANK
INTERNATIONAL CAPITAL
INTERNATIONAL CAPITAL MARKETS
LOSSES OF BANKS
MONETARY FUND
PORTFOLIO
RISK OF DEFAULT
SOVEREIGN DEBT
SOVEREIGN DEFAULTS
VULNERABILITY
Online Access:http://documents.worldbank.org/curated/en/2002/05/17737424/financial-crises-credit-ratings-bank-failures-introduction
http://hdl.handle.net/10986/17200
Description
Summary:Financial crises of every variety rocked emerging markets in the second half of the 1990s. Nearly every region experienced currency crashes, banking crises were both numerous and severe, and a few countries, facing extreme duress, defaulted on their sovereign debt. Not surprisingly, then, there is considerable interest in policy and academic circles and within the investment community in gaining a better understanding of financial and economic distress.

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