The causes of banking crises can be categorised under
several headings: macroeconomic instability; deficient
supervision; poor strategies; weak management;
inadequate control systems; operational failures; fraud.
The experience of a number of countries is reviewed.
Whatever the causes, the authorities need a coherent
strategy for addressing such crises. Various aspects of
crisis management are discussed, and recommendations
This study is from 1997. Nevertheless,
it is still relevant and well worth reading in the
context of the 2007 sub-prime-crisis.