Systemic banking crises have been commonplace in FinSAC client countries and, more broadly, in the ECA region during the last 30 years. A first wave of crises was triggered by the transition to a market economy of former communist and socialist countries at the beginning of the 1990s. More crises arose around the Russian bond moratorium crisis in 1998. Many countries saw further distress and failures during the Global Financial Crisis (GFC). This...
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INFORMATION
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2024/06/25
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Rapport
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191846
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1
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2024/06/25
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Disclosed
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Dealing with Weak Banks in FinSAC Countries : Progress and Challenges Ahead
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