Preventing Financial Chaos: An International Guide to Legal Rules and Operational Procedures for Handling Insolvent Banks

There is a fundamental reason, the authors of this text contend, why national financial systems falter and collapse: the failure of central banks and other supervisory authorities to deal promptly and decisively with insolvent banks. In "Preventing Financial Chaos" Ramsey and Head, both well-known to the international banking community for their restructuring services in developing and transitional economies, take a no-nonsense attitude and show exactly how to usher a problem bank out of the financial system in any country. Their clearly defined rules and procedures build disciplined, competent action that activates political will and successfully curtails systemic chaos.