Chapter 9Regulating theFinancialSystemCopyright 2006byTheMcGraw-Hill Companies,Inc.All rights reservedMcGraw-Hilrwin
McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 9 Regulating the Financial System
CONTENSO9.1Recent InternationalEvidenceofBankCrises9.2 SourcesandConsequencesofRuns,Panics,andCrises9.3GovernmentSafetyNet9.4Regulationand Supervisionofthe Financial System14-2
14-2 CONTENS 9.1 Recent International Evidence of Bank Crises 9.2 Sources and Consequences of Runs, Panics, and Crises 9.3 Government Safety Net 9.4 Regulation and Supervision of the Financial System
Table14.1Worst Banking Crises since 1980Estimated Cost of ResolutionCountryCrisisDates(as%ofGDP)Argentina"55%1980-1982Indonesia55%1997-199847%China1990sJamaica199444%Chile'42%1981-1983Thailand199735%Macedonia1993-199432%Israel30%1977-1983Turkey*200030%Uruguay1981-198429%Korea199828%25%Cote d'lvoire1988-199124%Japan1990sUruguay24%1981-198420%Malaysia1997-1998
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9.1 Recent InternationalOEvidenceof BankCrisesFigure14.1Relationship between Size of a Financial Crisis and Change inGDPGrowth1510Ghana1982-89Norway51990-93Mexico1994-2000OBulgaria1996-97ArgentinaJamaica1980-821996-2000-5FinlandMalaysia1991-941997-2001Indonesia-101997-2002Uruguay1981-84-15O301020405060FiscalCostasPercentageofGDP(%)
14-4 9.1 Recent International Evidence of Bank Crises
9.2TheSourcesand ConseguencesOofRuns,Panics,andCrises1.Insolvent清偿力不足2.BankRun银行挤兑3.Illiquid流动性不足4.Bankpanic银行恐慌14-5
14-5 9.2 The Sources and Consequences of Runs, Panics, and Crises • 1. Insolvent 清偿力不足 • 2.Bank Run 银行挤兑 • 3. Illiquid 流动性不足 • 4. Bank panic 银行恐慌