Getting What You Want: Information & Crisis

Management in Ireland & Korea

Christopher Gandrud Mcheal OKeee
Waseda University GLOPE II Conference, January 2011
Getting What You Want 1 / 1
1
Introduction
Getting What You Want Outline 2 / 1
Motivation

Banking crises are relatively frequent (Reinhart & Rogo 2009) and
almost always prompt a policy response (Rosas 2009).

There are a wide variety of responses that can be chosen, including:

liability guarantees, recapitalisations, liquidity support, mergers, and
nationalisations

Questions:

Why do governments choose the banking crisis responses that they

do?

Why are their choices often not aligned with their preferences?
Getting What You Want Introduction 3 / 1
Motivation

Banking crises are relatively frequent (Reinhart & Rogo 2009) and
almost always prompt a policy response (Rosas 2009).

There are a wide variety of responses that can be chosen, including:

liability guarantees, recapitalisations, liquidity support, mergers, and
nationalisations

Questions:

Why do governments choose the banking crisis responses that they

do?

Why are their choices often not aligned with their preferences?
Getting What You Want Introduction 3 / 1
Motivation

Banking crises are relatively frequent (Reinhart & Rogo 2009) and
almost always prompt a policy response (Rosas 2009).

There are a wide variety of responses that can be chosen, including:

liability guarantees, recapitalisations, liquidity support, mergers, and
nationalisations

Questions:

Why do governments choose the banking crisis responses that they

do?

Why are their choices often not aligned with their preferences?
Getting What You Want Introduction 3 / 1
Motivation

Banking crises are relatively frequent (Reinhart & Rogo 2009) and
almost always prompt a policy response (Rosas 2009).

There are a wide variety of responses that can be chosen, including:

liability guarantees, recapitalisations, liquidity support, mergers, and
nationalisations

Questions:

Why do governments choose the banking crisis responses that they

do?

Why are their choices often not aligned with their preferences?
Getting What You Want Introduction 3 / 1