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’ volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not … policy makers. The current financial system is discredited. It is necessary to reform the financial institutions and …
Persistent link: https://www.econbiz.de/10011249464
The objective of this paper is to provide a balanced assessment of international cooperation among financial regulators, with a focus on banking supervision. While recognizing the undeniable - and even unexpected - achievements of these regulators in building a cooperative framework for...
Persistent link: https://www.econbiz.de/10012711760
' volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not … policy makers. The current financial system is discredited. It is necessary to reform the financial institutions and …
Persistent link: https://www.econbiz.de/10012999318
The objective of this paper is to provide a balanced assessment of international cooperation among financial regulators, with a focus on banking supervision. While recognizing the undeniable – and even unexpected – achievements of these regulators in building a cooperative framework for...
Persistent link: https://www.econbiz.de/10005063335
We study financial fragility, exchange rate crises, and monetary policy in an open economy version of a Diamond-Dybvig model. The banking system, the exchange rate regime, and central bank credit policy are seen as parts of a mechanism intended to maximize social welfare; if the mechanism fails,...
Persistent link: https://www.econbiz.de/10014048566
This paper provides risk/reward evaluation and legal analysis of foreign investing under Cuban Law No. 118 (2014). Section I addresses dynamic changes in Cuba since 2008. Section II examines reforms of Cuban foreign investment laws. Section III explores investment options such as import/export,...
Persistent link: https://www.econbiz.de/10013003178
The crisis itself was caused by several factors whose relative importance will be debated for years. But whatever the … human costs of the crisis. Policymakers should focus on how to correct deficiencies in the financial architecture that have … contributed to the outbreak of the crisis. When reforms are implemented, it is important not only aim to create a stable financial …
Persistent link: https://www.econbiz.de/10009144450
The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). It is here reported one of CPK's best known articles published in the old series of Moneta e Credito (vol. 38 n. 152, december 1985, pp. 355-69). The article reconstructs the recent history of the dollar...
Persistent link: https://www.econbiz.de/10013068258
It is generally agreed that strong domestic financial systems play an important role in attaining overall economic development and stabilization. The role played by foreign banks in achieving this goal, however, is still controversial. This article brings new evidence to the debate over foreign...
Persistent link: https://www.econbiz.de/10012780605
China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The …
Persistent link: https://www.econbiz.de/10012889144