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- Title
On the resolution of banking crises: theory and evidence.
- Authors
Hoggarth, Glenn; Reidhill, Jack; Sinclair, Peter
- Abstract
This article presents information on techniques used by authorities when resolving individual or widespread bank failures in developed and emerging market economies. It is informed that there is a range of options for dealing with insolvent banks. At one extreme, a bank can be kept open through an injection of capital. At the other extreme, a bank can be closed with its assets sold and depositors and possibly other creditors paid off. Between these extremes, a bank's licence may be removed but the bank may be sold off to another bank, in full or part, to preserve its activities.
- Subjects
BANKING industry; FINANCIAL institutions; BANK failures; BANK management; BANKRUPTCY; FINANCIAL crises
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 3, p330
- ISSN
0005-5166
- Publication type
Article