Financial Crises: Causes, Consequences and Policy Responses

Part. I: introduction and description of financial crises
1. Financial Crises: Explanations, Types, and Implications / M. Ayhan Kose
2. Systemic Banking Crises / Fabian Valencia

Part II: Lessons in Crisis Prevention And Management
3. Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten / Kenneth S. Rogoff
4. Procyclicality and the Search for Early Warning Indicators / Hyun Song Shin
5. Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies / Jose De Gregorio
6. External Imbalances and Financial Crises / Alan M. Taylor

Part III: SHORT-TERM EFFECTS: CRISES, RECESSIONS, AND RECOVERIES
7. The Global Financial Crisis: How Similar? How Different? How Costly? / Marco E. Terrones
8. From Recession to Recovery: How Soon and How Strong? / Marco E. Terrones

Part IV: Medium-Term Effects: Economic Growth
9. What's the Damage? Medium-Term Output Dynamics after Financial Crises /Irina Tytell
10. What Have We Learned about Creditless Recoveries? / Bin Li

Part V: Policy Measures To Prevent Booms, Mitigate Busts, And Avoid Financial Crises
11. Policies for Macro-Financial Stability: Dealing with Credit Booms and Busts / Hui Tong
12. Policies for Macro-Financial Stability: Managing Real Estate Booms and Busts / Pau Rabanal
13. Resolution of Banking Crises: The Good, the Bad, and the Ugly / Fabian Valencia
14. How Effective Is Fiscal Policy Response in Financial Crises? / Carlos Mulas-Granados

Part VI: Policy Measures To Mitigate The Impact Of Financial J Crises; And The Restructuring Of Banks And Of Household And Sovereign Debt
15. Crisis Management and Resolution: Early Lessons from the 2007 - 09 Financial Crisis / Katharine Seal
16. The Economics of Bank Restructuring: Understanding the Options / Kenichi Ueda
17.Principles of Household Debt Restructuring / Thomas Laryea
18. Dealing with Household Debt / Petia Topalova
19. Restructuring Sovereign Debt: Lessons from Recent History / Christoph Trebesch.