The Link between Financial System and Economics: Functions of the Financial System, Financial Crises, and Policy Implications
نویسندگان
چکیده
منابع مشابه
Impact of Global Financial Crises on Global Financial Stability and Need for an Alternative Financial System*
Th e main objective of this paper is to highlight the importance of the fi nancial stability of the global fi nancial system particularly aft er the recent global fi nancial crisis of 200809. Th e major causes of diff erent fi nancial crises possess the same pattern of greed among investors, ineffi ciency of government regulators, central banks and other stakeholders. Th ey have miserably faile...
متن کاملChange and Constancy in the Financial System: Implications for Financial Distress and Policy
Over the past three decades, the fi nancial system has been going through a historical phase of major structural change. And far from slowing down, the pace of change seems to be accelerating. The joint infl uence of fi nancial liberalisation, breakthroughs in fi nancial know-how and advances in information technology has ushered in an era of extraordinary innovation – an era that may well go d...
متن کاملIntegrating Islamic Finance to Global Financial System: the Role of the Islamic Financial Services Board (IFSB)
A prudential framework is an important element in facilitating the successful integration of Islamic financial services to the global financial system. In recognition of this need, various stakeholders decided to establish the Islamic Financial Services Board (IFSB) to spearhead the development of a uniform set of prudential, supervisory and disclosure standards for the Islamic financial s...
متن کاملMonetary Policy, Fiscal Policy, and the Efficiency of Our Financial System: Lessons from the Financial Crisis
I am enormously grateful to Rich Clarida and Jeff Fuhrer for their kind and thoughtful initiative, first in conceiving the idea for this conference and then in organizing it so successfully; to Eric Rosengren and the Federal Reserve Bank of Boston for the marvelous hospitality we have all enjoyed these past two days; to the many fine economists who devoted their valuable time to writing papers ...
متن کاملPsychology, Financial Decision Making, and Financial Crises.
It is understandable that people ask how the current financial crisis could happen. As the market actors appear irrational, it is also understandable that people—lay people and experts alike—believe that psychological factors play a decisive role. Is there evidence for such a role, and what is the evidence? This monograph reviews, evaluates, and discusses research—primarily psychological resear...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Financial Research
سال: 2014
ISSN: 1923-4031,1923-4023
DOI: 10.5430/ijfr.v5n4p52