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

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.