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Lessons from recent banking crises

David T. Llewellyn (Department of Economics, Loughborough University, Loughborough, Leicestershire)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 March 1998

418

Abstract

In recent years major banking and financial crises have emerged in several countries. Banking systems seem to have become more crisis‐prone. Banks in many countries have very high levels of non‐performing loans, there has been a major destruction of bank capital, banks have failed, and massive support operations have been necessary. They have involved substantial costs: in some cases the cost has exceeded 10 per cent of GNP (eg in Spain, Venezuela, Bulgaria, Mexico, Argentina, Hungary).

Citation

Llewellyn, D.T. (1998), "Lessons from recent banking crises", Journal of Financial Regulation and Compliance, Vol. 6 No. 3, pp. 253-261. https://doi.org/10.1108/eb024976

Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited

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