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SOME ASPECTS OF MANAGEMENT OF BANKING CRISES

Authors
Publisher
Hrvatsko društvo ekonomista, Zagreb
Publication Date
Disciplines
  • Economics

Abstract

The author exposes correlation between banking and financial crises and systematizes their main causes. He stresses here increasing importance of microeconomic causes of crisis. The efficient management of crisis must solve the problems of moral hazard, profoundness of crisis and distribution of fiscal burden. The option between market intervention or “systemic watcher” depends upon complexity and development of banking crisis.

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