International Banking Crises: Large-Scale Failures, Massive Government Interventions / Edition 1

by Benton E. Gup

Overview

The financial crises that began unexpectedly in Southeast Asia in 1997 spread rapidly around the globe, causing banks to fail, stock markets to plummet, and other newsmaking disruptions. Gup and his contributors examine these failures and crises in the main arenas where they occurred—Thailand, Indonesia, South Korea, Russia, Argentina—and provide some important answers to the critical questions these frightening events raised. The result is a readable, easily grasped study of issues relating to bank failure and the effectiveness of bank regulation, and important reading for academics and practitioners alike.

In July 1997 Thailand devalued its currency. This one event sparked financial crises that spread with astonishing speed from Southeast Asia around the world to Russia. Even in the United States and South America the impact was felt. Southeast Asia had been considered a model—in fact a miracle—of economic growth. No one foresaw the crises that soon occurred there, and the severity and contagion of these crises raised questions globally: What happened? Why? And what can we do about it? Gup and his contributors offer some answers to these critical questions.

Gup and his panel finally conclude that government actions were at the root of these crises. Banks were pawns in the hands of governments, and banks helped fuel the booms that ultimately burst, booms supported by investments from other countries around the world, not incidentally. Gup goes on to lay out other provocative questions, among them: How effective are bank regulations? And how do we resolve failed and insolvent banks? The result is an important contribution to the literature in banking, finance, investment, and the role government plays in these activities—a book not only for academics but for practitioners and informed laymen as well.

Product Details

ISBN-13:	9781567202830
Publisher:	Bloomsbury Academic
Publication date:	10/30/1999
Pages:	304
Product dimensions:	6.14(w) x 9.21(h) x 0.69(d)
Lexile:	1390L (what's this?)

About the Author

BENTON E. GUP holds the Chair of Banking at the University of Alabama and has held similar chairs at the University of Tulsa and the University of Virginia. Author of more than 18 books and 90 jourbanal articles, he also serves as a consultant to government and industry. Dr. Gup's most recent book for Quroum is Bank Failures in the Major Trading Countries of the World: Causes and Remedies, (1998).

Table of Contents

Why Banks Fail
Bank Growth and Failure by Benton E. Gup
International Banking Crises: The Real Estate Connection by Benton E. Gup
International Bank Lending and the Southeast Asia Financial Crisis by Philip F. Bartholomew and Nancy A. Wentzler
Crises in Selected Countries
Thailand: A Tale of Sustained Growth and Then Collapse by Benton E. Gup and Doowoo Nam
Financial Crisis in Thailand by Kiyoshi Abe
The Economic Crisis of Indonesia by Doowoo Nam and Benton E. Gup
The Economic Crisis of South Korea by Doowoo Nam and Benton E. Gup
Russia's Financial Debacle by Benton E. Gup and Doowoo Nam
The Tequila Banking Crisis in Argentina by Marcelo Dabós and Laura Gómez Mera
Measuring the Default of Banks: The Case of Mutual Banks in Argentina during the Tequila Bankins Crisis by Marcelo Dabós
Bank Regulatory Issues
Is Prudential Bank Regulation Effective? by Benton E. Gup
The Decision to Fail Banks: A Global View by Benton E. Gup and Philip F. Bartholomew
What Basle Forgot by D. Johannes Jüttner and Benton E. Gup
Problem Bank Resolution: Evaluating the Options by Anthony M. Santomero and Paul Hoffman
Resolving, Recapitalizing, and Restructuring Insolvent Banks and Banking Systems by George G. Kaufman
Index