Beruflich Dokumente
Kultur Dokumente
Abstract: The last 25 years have seen an impressive number of banking crises all over
the world. These crises have renewed interest of economic research on the causes of
fragility of banks and the possible remedies to it. The justifications and organisation of
public intervention in the banking sector have also been put into question. This article
builds on this recent research in order to understand better the causes of banking crises
and offer policy guidelines for reform of regulatory and supervisory systems. The main
conclusions are:
Downloaded from cesifo.oxfordjournals.org at Academy of Economic Studies, Bucharest on October 17, 2010
x Although many banking crises have been initiated by financial deregulation and
globalization, these crises were largely amplified by political interference.
1 Introduction
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References
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