Crisis, adjustment, and reform in Thailand's industrial firms; by David Dollar and Mary Hallward-Driemeier. Corporate performance in the East Asian financial crisis; by Stijn Claessens, Simeon Djankov...
Should governments ever override bank regulators who are attempting to close down insolvent financial institutions? An analysis of Chile's history shows that time after time from the 1850s to the 1980s...
The literature on safety nets has become technically more precise by drawing on advances in contract theory and optimal governance structure. This paper begins with a treatment of some aspects of the theory...
High interest rates place banking systems under stress and create the potential for crisis by squeezing firms' profits and encouraging banks to undertake riskier projects than they otherwise would. Because...
The author sets out a methodology for analyzing episodes of high real interest rates in emerging market economies. He reviews the literature on what determines spreads in deposit rates and loan rates...