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Maintaining Stability in a Changing Financial System: Some Lessons Relearned Again?: A Reprint from the “Economic Review”
Over the past three decades, we have experienced a

 
Our Price: $10.00
By Thomas M. Hoenig (au)
Year: 2008
Pages: 11
Binding Paperback

Product Code: 1437904998

Description
 
Over the past three decades, we have experienced an increased number of financial crises in many countries around the world. These crises have taken place in many different parts of the financial system, incl.: banking and payments systems, housing finance systems, securities markets, and currency markets. The task of maintaining financial stability has become more difficult because of the changing structure of the financial system. Unfortunately, we have not adapted our regulatory and policy framework at the same speed as financial market developments. The author has used the recent sub-prime mortgage crisis to motivate a broader discussion of how we can maintain financial stability in a changing financial system.

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