BANKS AND FINANCIAL CRIMINALITY
Centre for Central Banking Studies
Bank of England
Causes and Management of Banking Crises
Tony Latter
Handbooks in Central Banking no.12 Handbooks in Central Banking
No.12
THE CAUSES AND MANAGEMENT
OF BANKING CRISES
Tony Latter
Series editor: Tony Latter
Issued by the Centre for Central Banking Studies,
Bank of England, London EC2R 8AH telephone 0171 601 5857, fax 0171 601 5860
July 1997
© Bank of England 1997
ISBN 1 85730 155 2
Also available in Russian as ISBN 1 85730 175 7
2
Foreword
This series of Handbooks in Central Banking has grown out of the activities of the
Bank of England’s Centre for Central Banking Studies in arranging and delivering training courses, seminars, workshops and technical assistance for central banks and central bankers of countries across the globe.
Drawing upon that experience, the Handbooks are therefore targeted primarily at central bankers, or people in related agencies or ministries. The aim is to present particular topics which concern them in a concise, balanced and accessible manner, and in a practical context. This should, we hope, enable someone taking up new responsibilities within a central bank, whether at senior or junior level, and whether transferring from other duties within the bank or arriving fresh from outside, quickly to assimilate the key aspects of a subject, although the depth of treatment may vary from one Handbook to another. While acknowledging that a sound analytical framework must be the basis for any thorough discussion of central banking policies or operations, we have generally tried to avoid too theoretical an approach. Moreover, the
Handbooks are not intended as a channel for new research.
We have aimed to make each Handbook reasonably self-contained, but recommendations for further reading may be included, for the benefit of those with a particular specialist interest. The views expressed in the Handbooks are those of the authors and not
Bank of England
Causes and Management of Banking Crises
Tony Latter
Handbooks in Central Banking no.12 Handbooks in Central Banking
No.12
THE CAUSES AND MANAGEMENT
OF BANKING CRISES
Tony Latter
Series editor: Tony Latter
Issued by the Centre for Central Banking Studies,
Bank of England, London EC2R 8AH telephone 0171 601 5857, fax 0171 601 5860
July 1997
© Bank of England 1997
ISBN 1 85730 155 2
Also available in Russian as ISBN 1 85730 175 7
2
Foreword
This series of Handbooks in Central Banking has grown out of the activities of the
Bank of England’s Centre for Central Banking Studies in arranging and delivering training courses, seminars, workshops and technical assistance for central banks and central bankers of countries across the globe.
Drawing upon that experience, the Handbooks are therefore targeted primarily at central bankers, or people in related agencies or ministries. The aim is to present particular topics which concern them in a concise, balanced and accessible manner, and in a practical context. This should, we hope, enable someone taking up new responsibilities within a central bank, whether at senior or junior level, and whether transferring from other duties within the bank or arriving fresh from outside, quickly to assimilate the key aspects of a subject, although the depth of treatment may vary from one Handbook to another. While acknowledging that a sound analytical framework must be the basis for any thorough discussion of central banking policies or operations, we have generally tried to avoid too theoretical an approach. Moreover, the
Handbooks are not intended as a channel for new research.
We have aimed to make each Handbook reasonably self-contained, but recommendations for further reading may be included, for the benefit of those with a particular specialist interest. The views expressed in the Handbooks are those of the authors and not
References: Markets, 1997 4 of Barings Bank, 1995 12 Brierley, Peter; Beyond Glass-Steagall: regulatory change in the the early 90s; Hitotsubashi Journal of Commerce and Management 27 (1992)