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Stock market responses to bank restructuring policies during the East Asian crisis

Author: Daniela Klingebiel; World Bank. Financial Sector Strategy and Policy Group.
Publisher: Washington, D.C. : World Bank, Financial Sector Strategy and Policy Dept., [2001]
Series: Policy research working papers, 2571.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
During a crisis of confidence, announcements of deposit guarantees may give market participants short-term confort. But stock market responses show that using public funds for bank bailouts is not a credible way to restore the health of the financial sector.
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Additional Physical Format: Print version:
Stock market responses to bank restructuring policies during the East Asian crisis.
Washington, D.C. : World Bank, Financial Sector Strategy and Policy Dept., [2001]
(OCoLC)46833978
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Daniela Klingebiel; World Bank. Financial Sector Strategy and Policy Group.
OCLC Number: 647238707
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (44 pages).
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Policy research working papers, 2571.
Responsibility: Daniela Klingebiel [and others].

Abstract:

During a crisis of confidence, announcements of deposit guarantees may give market participants short-term confort. But stock market responses show that using public funds for bank bailouts is not a credible way to restore the health of the financial sector.

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