The book is dedicated to the research and analysis of systemic banking crises in the context of financial globalization, which is based on the theoretical and pragmatic implications of various applications in the genesis and development of banking crises. Emphasis has been placed on finding effective ways to overcome banking crises, which embraces the effective forecasting and prevention of a crisis.

     Material is garnered from an array of practical resources and experiences in various countries and regions of the world in providing an analysis of macroeconomic, structural and institutional grounds for crises in describing the way the different ways to prevent systemic banking crisis and how to overcome the results by the establishment of a sustainable banking system. In this regard, issues of banking system restructuring, banking regulation, supervision and a deposits insurance system are addressed in the work with special attention.

     Problems of the Georgian banking system are given special consideration.

     It is recommended for banking managers, employees of banks and officers of other financial institutions, also graduate and post-graduate students, lecturers of higher institutions, business schools and economic seminars.

     Professor Irakli Kovzanadze has written more than 50 scientific works in mathematics and economics, including four books:

  1. "Some aspects of dimension theory of mesocompact spaces" (1990, in Russian);

  2. "Problems of Functioning of Georgian Commercial Banks on the current stage" (2001, in Georgian, summary in English and Russian;

  3. "Systemic banking crises in the conditions of financial globalization" (2003, in Russian, summary in English);

  4. "Economic and banking system development trends and prospects for countries in tranzition" (2005, in Russian, summary in English).

     The author presented reports on mentioned subjects at:

  1. 47th scientific conference, State University of Latvia (Riga, Latvia, 1988);

  2. Autumn school "Aplication of Topology in algebra and differencial geometry" (Tartu, Estonia, 1988);

  3. Seminar on General Topology directed by professor A. Arkhangelsky, Lomonosov Moscow State University (Moscow, Russia, 1989);

  4. Senior international School of Banking and Finance University of London (London, UK, 2000);

  5. World Bank Risk Management Workshop for Regulators: Assessing, Managing and Supervising Financial Risk (Washington DC, USA, 2003).

     The author has long experience of working in the banking system. At this time he also works as a professor of Javakhishvili Tbilisi State University.

     At present Mr. Kovzanadze is a head of the financial-budgetary committee at parliament.