Chapter 26

Resolution of Banking Crises

L. Laeven and F. Valencia

Research Department of the International Monetary Fund, CEPR, Westminster, England, UK

Research Department of the International Monetary Fund, Westminster, England, UK

Introduction

Systemic banking crises are disruptive events not only to financial systems but to the economy as a whole. There is a large literature on the real effects of banking crises providing empirical support to this claim (e.g., Dell’Ariccia ...

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