Stock market responses to bank restructuring policies during the East Asian crisis / Daniela Klingebiel ... [et al.] Klingebiel, Daniela

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Klingebiel, Daniela
Financial crises - East Asia - Economic aspects.; Bank failures - East Asia - Economic aspects.; Deposit insurance - East Asia.
During a crisis of confidence, announcements of deposit guarantees may give market participants short-term confort. But stock market responses show that using public funds for bank bailouts is not a credible way to restore the health of the financial sector.
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