Lessons from World Bank Research on Financial Crises

dc.creatorWorld Bank
dc.date2012-05-24T14:44:59Z
dc.date2012-05-24T14:44:59Z
dc.date2008-11
dc.date.accessioned2026-07-01T00:57:40Z
dc.descriptionThe benefits of financial development and globalization have come with continuing fragility in financial sectors. Periodic crises have had real but heterogeneous welfare impacts and not just for poor people; indeed, some of the conditions that foster deep and persistent poverty, such as lack of connectivity to markets, have provided a degree of protection for the poor. Past crises have also had longer-term impacts for some of those affected, most notably through the nutrition and schooling of children in poor families. As in other areas of policy, effective responses to a crisis require sound data and must take account of incentives and behavior. An important lesson from past experience is that the short-term responses to a crisis-macroeconomic stabilization, trade policies, financial sector policies and social protection-cannot ignore longer-term implications for both economic development and vulnerability to future crises.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2008/12/10107901/lessons-world-bank-research-financial-crises
dc.identifierhttps://hdl.handle.net/10986/6342
dc.identifierhttps://doi.org/10.1596/1813-9450-4779
dc.identifier.urihttp://hdl.handle.net/123456789/413538
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relationPolicy Research Working Paper; No. 4779
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO CREDIT
dc.subjectASSET PORTFOLIO
dc.subjectASSET VALUES
dc.subjectASYMMETRIC INFORMATION
dc.subjectBAILOUTS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK CREDIT
dc.subjectBANK CREDITORS
dc.subjectBANK POLICY
dc.subjectBANK REGULATION
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING REGULATION
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBORROWING
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOWS
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOMMODITIES
dc.subjectCONTINGENCY
dc.subjectCOST RECOVERY
dc.subjectCOUNTRY RISK
dc.subjectCREDIBILITY
dc.subjectCREDIT GROWTH
dc.subjectCREDIT INCREASES
dc.subjectCREDIT MARKET
dc.subjectCREDIT PROVISION
dc.subjectCREDIT RISK
dc.subjectCRISIS MANAGEMENT
dc.subjectCURRENCY BOARD
dc.subjectCURRENCY DEVALUATION
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCURRENT INCOMES
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT BURDENS
dc.subjectDEBT LEVELS
dc.subjectDEBT SERVICING
dc.subjectDEFAULT RISKS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC MARKETS
dc.subjectDROUGHT
dc.subjectEARNINGS
dc.subjectECONOMIC COST
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC SHOCKS
dc.subjectEDUCATION PROGRAM
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL SHOCK
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTRA CASH
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFILING FOR BANKRUPTCY
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL POSITION
dc.subjectFINANCIAL PROBLEMS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL RUIN
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL POLICY
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFUTURE INCOMES
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH SPENDING
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectINCOME GROUPS
dc.subjectINCOME SHOCKS
dc.subjectINFLATION
dc.subjectINFORMED INVESTORS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSURANCE
dc.subjectINTEREST BURDEN
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INTEGRATION
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTOR CONFIDENCE
dc.subjectLABOR FORCE
dc.subjectLABOR HOURS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLANDHOLDERS
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDER
dc.subjectLENDER-OF-LAST-RESORT
dc.subjectLEVY
dc.subjectLIFETIME
dc.subjectLIFETIME EARNINGS
dc.subjectLIQUIDITY
dc.subjectLONG-TERM GOALS
dc.subjectMACROECONOMIC CRISES
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET ECONOMY
dc.subjectMARKET FAILURES
dc.subjectMARKET INTEREST RATES
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET REFORM
dc.subjectMINIMUM WAGE
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMORAL HAZARD
dc.subjectMORTGAGES
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND STRATEGIES
dc.subjectNATURAL DISASTERS
dc.subjectNET WORTH
dc.subjectOPEN ECONOMIES
dc.subjectOPPORTUNITY COST
dc.subjectOUTPUT LOSS
dc.subjectPOLICY RESPONSE
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPOVERTY RATE
dc.subjectPRIVATE CAPITAL
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC SPENDING
dc.subjectRAPID POPULATION GROWTH
dc.subjectREAL COSTS
dc.subjectRECESSION
dc.subjectRECESSIONS
dc.subjectRELIANCE ON SHORT-TERM DEBT
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRESPONSIBILITIES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK SHARING
dc.subjectRURAL CREDIT
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSELF-EMPLOYMENT
dc.subjectSHAREHOLDERS
dc.subjectSKILLED WORKERS
dc.subjectSOCIAL PROTECTION
dc.subjectSOVEREIGN RATINGS
dc.subjectSTOCK MARKET
dc.subjectSTOCK RETURNS
dc.subjectSTOCKS
dc.subjectSUBORDINATED DEBT
dc.subjectTAX
dc.subjectTRADE CREDIT
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectURBAN POPULATIONS
dc.subjectWAGE
dc.subjectWAGES
dc.subjectWEB SITE
dc.subjectWORLD MARKET
dc.subjectWORLD MARKET INTEGRATION
dc.subjectWORLD TRADE
dc.subjectYOUNG CHILDREN
dc.titleLessons from World Bank Research on Financial Crises

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