The current financial crisis evolved quickly. In most of the developed countries affected, governments initially improvised solutions that eventually led to substantial investments in systemically important banks. Not all their actions are worth emulating, especially those that undermine normal governance arrangements and the ability of all shareholders to hold the banks' board and management accountable. Lessons from earlier crises show that governments...
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DETAILS
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2009/10/01
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Brief
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53042
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1
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1
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2010/07/01
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Disclosed
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Banks in crisis
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financial and private sector development
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Citation
Scott,David.
Banks in crisis (English). Crisis response note ; no. 9 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/701661468148179433