منابع مشابه
Institutions and Policies for Maintaining Financial Stability
When journalists from other countries would ask me in the 1980s how the United States could suffer such embarrassingly large losses in its savings and loan, and later its banking, industry, I would be somewhat embarrassed myself, as an American citizen, trying to explain how things could go so wrong in such a developed country. A decade later, the tables seemed to have turned. Many countries ha...
متن کاملMaintaining Stability in a Changing Financial System
the recent turmoil in global financial markets, associated with the u.S. subprime mortgage crisis, has raised important questions about the stability and integrity of the new international financial structure. these events represent the first real stress test of the world’s financial system since the late 1990s when the asian financial crisis, Russian debt default, and long-term capital Managem...
متن کاملMaintaining Financial Stability in a Global Economy: A Summary of the Bank’s 1997 Symposium
World financial markets have experienced tremendous growth in recent years. New financial instruments have been developed, the volume of transactions within individual markets has skyrocketed, and capital flows across countries have risen dramatically. While these developments have made financial markets more efficient, they have also increased the risk that events at one institution or in one ...
متن کاملCompetition and Financial Stability
Competition in the Þnancial sector is more complex than in the rest of the economy. On the one hand, concentration in the banking industry reduces (static) efficiency as it does in any industry. On the other hand, concentration may also affect the stability of the banking industry in ways that have no counterpart in other industries. In this paper we consider a variety of models of competition ...
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ژورنال
عنوان ژورنال: South African Journal of Economic and Management Sciences
سال: 1998
ISSN: 2222-3436,1015-8812
DOI: 10.4102/sajems.v1i2.1875