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Systemic financial crises have become a common feature of the global financial landscape. Resolution of such crises requires a complex mix of macroeconomic and financial sector policies, including the restructuring and resolution of problem banks. This volume outlines the theoretical insights that have been gained and the practical lessons learned.
Author Biography
DAVID S. HOELSCHER is Division Chief of the Systemic Issues Division in the Monetary and Financial Systems Department of the International Monetary Fund (IMF), USA. He has worked intensively in a number of countries including Argentina, Ecuador and Russia. He has also served as IMF representative in Bolivia and Kazakhstan. His publications include Managing Systemic Banking Crises.
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