From financial crash to debt crisis

Carmen M Reinhart interviewed by Romesh Vaitilingam, 9 Apr 2010

Carmen Reinhart of the University of Maryland talks to Romesh Vaitilingam about the sequencing of the cycle of debt build-ups – from private debt surges to banking crises to sovereign debt crises – and the four ‘deadly D’s’ that once again threaten many governments as a consequence of the current crisis – deficits, debt, downgrade and default. The interview was recorded at the Royal Economic Society’s annual conference at the University of Surrey in March 2010.


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Topics: Financial markets, Global crisis, Macroeconomic policy
Tags: banking crises, debt, sovereign debt

A bank restructuring agency for the Eurozone – cleaning up the legacy losses

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Tags: bank restructuring agency, banking crises, eurozone

IMF lending and banking crises

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Topics: Global governance, International finance
Tags: banking crises, conditionality, Eurozone crisis, IMF

Towards a new framework for bank resolution

Xavier Freixas, 1 September 2012



The current crisis has triggered key changes in the European banking resolution regime that were long overdue. Banks’ bankruptcy legislation is changing rapidly in Europe, facilitating an orderly and speedy resolution of banks in distress.

Topics: Global governance, International finance
Tags: bank resolution, banking crises, Bankruptcy, financial regulation

Bank behaviour and risks in an interbank payment system after a major credit event

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Payment systems (i.e. the means by which banks send and receive payments) require the use of banks’ liquidity. As such, economists and regulators alike are concerned about how banks might behave in a payment system following a major disruption. In a gross settlement payment system,1 banks can use liquidity from incoming payments to fund outgoing ones.

Topics: Global crisis
Tags: banking crises, Fedwire, Lehman Brothers

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Topics: Global crisis, Macroeconomic policy
Tags: banking crises, Eurozone crisis, financial crises, global crisis, Japan, Sweden

Calomiris on historical crisis lessons

Richard Baldwin, 4 November 2009



Pundits, policymakers, and macroeconomists often remind us that banking crises are nothing new, an observation sometimes used to argue that crises are inherent to the business cycle or perhaps human nature itself.

Topics: Macroeconomic policy
Tags: banking crises, global crisis

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Latin America has a history of recurrent financial crises that took a large toll on economic growth and fuelled social unrest. Frequently, these crises were triggered by exogenous shocks, which unveiled macroeconomic and/or financial weaknesses, leading to simultaneous banking and currency crises.

Topics: Macroeconomic policy
Tags: banking crises, Central Banks, global crisis

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Topics: Financial markets
Tags: bank run, banking crises, global crisis

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Leonardo Iacovone, Veronika Zavacka, 1 September 2009



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Tags: banking crises, Trade finance

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