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transact small volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and …
Persistent link: https://www.econbiz.de/10011278058
transact small volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and …
Persistent link: https://www.econbiz.de/10011278157
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10009363798
Credit rating agencies (CRAs) bear some responsibility for the financial crisis that started in 2007 and remains ongoing. This is acknowledged by policymakers, market participants, and by the agencies themselves. It soon became clear that, given the depth of the crisis, CRAs would not be able to...
Persistent link: https://www.econbiz.de/10009363895