Preventing Financial Crises: An International Perspective
55 Pages Posted: 17 Jul 2000 Last revised: 3 Sep 2022
Date Written: February 1994
Abstract
In recent years the possibility of an international financial crisis has increased because of greater liquidity of international financial markets, an increase in corporate indebtedness and the decline of the banking industry. Using an asymmetric information analysis, this paper outlines what signals a central bank might look for to determine if a financial crisis is occurring and then describes how central banks might operate and cooperate to prevent financial crises.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
The Determinants of Banking Crises: Evidence from Developing and Developed Countries
-
Looting: The Economic Underworld of Bankruptcy for Profit
By George A. Akerlof and Paul M. Romer
-
Does the Structure of Production Affect Demand for Schooling in Peru?
-
The Nordic Banking Crises: Pitfalls in Financial Liberalization?
By Burkhard Drees and Ceyla Pazarba_1olu
-
Understanding Financial Crises: A Developing Country Perspective
-
Costs of Banking System Instability: Some Empirical Evidence
By Glenn Hoggarth, Ricardo Reis, ...
-
The Determinants of Banking Crises: Evidence from Industrial and Developing Countries
-
Liquidity Crises in Emerging Markets: Theory and Policy
By Roberto Chang and Andrés Velasco