The Case for International Banking Standards by Morris Goldstein, Paperback | Barnes & Noble
The Case for International Banking Standards

The Case for International Banking Standards

by Morris Goldstein
     
 
This study presents the case for an international banking standard (IBS) to deal with the rash of banking crises in developing countries. Over the past 15 years, almost three-fourths of the IMF's member countries have experienced at least one serious bout of banking problems; there have been at least a dozen developing-country episodes where the costs of these crises

Overview

This study presents the case for an international banking standard (IBS) to deal with the rash of banking crises in developing countries. Over the past 15 years, almost three-fourths of the IMF's member countries have experienced at least one serious bout of banking problems; there have been at least a dozen developing-country episodes where the costs of these crises amounted to 10 percent or more of the country's GDP; and the total public-sector resolution costs of developing-country banking crises have been estimated to be $250 billion. Not only are these banking crises extremely costly to developing countries, they also pose increased risk to industrial countries. The author demonstrates that existing international banking agreements do not address the main sources of these crises, and the adoption of a voluntary IBS offers a more attractive route to banking reform than the relevant alternatives. The study recommends minimum standards in eight key areas of banking supervision and addresses the operational issues associated with the design and implementation of an IBS.

Product Details

ISBN-13:
9780881322446
Publisher:
Peterson Institute for International Economics
Publication date:
04/01/1997
Series:
Policy Analyses in International Economics Series, #47
Pages:
108
Product dimensions:
6.03(w) x 9.03(h) x 0.31(d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >