Banking Crises and Bank Resolution: Experiences in Some Transition Economies

70 Pages Posted: 9 Feb 2006

See all articles by Charles Enoch

Charles Enoch

International Monetary Fund (IMF)

Anne-Marie Gulde

International Monetary Fund (IMF)

Daniel Hardy

International Monetary Fund (IMF)

Date Written: March 2002

Abstract

Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these crises are described, and parallels are drawn with the causes of banking crises in industrial and developing countries. Resolving the crises proved technically and politically difficult, and setbacks occurred. Successful resolution required the implementation of a comprehensive and decisive strategy, involving thorough-going bank restructuring, heavy fiscal costs, and institutional and legal reforms.

Keywords: Bulgaria, Lithuania, Mongolia, transition, banking crises, bank resolution

JEL Classification: G21, G28, P26, P34

Suggested Citation

Enoch, Charles and Gulde, Anne-Marie and Hardy, Daniel, Banking Crises and Bank Resolution: Experiences in Some Transition Economies (March 2002). IMF Working Paper No. 02/56, Available at SSRN: https://ssrn.com/abstract=879530

Charles Enoch (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Anne-Marie Gulde

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Daniel Hardy

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
210
Abstract Views
1,041
rank
174,117
PlumX Metrics