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The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of the approach taken so far to crisis prevention. The paper argues that financial crises can be prevented, as they build up over time due to policy mistakes and eventually erupt...
Persistent link: https://www.econbiz.de/10009363819
The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and liquidity rules. Part one reviews the lessons of the global financial crisis (GFC) of...
Persistent link: https://www.econbiz.de/10011134333
Persistent link: https://www.econbiz.de/10009365312
Persistent link: https://www.econbiz.de/10009365315
The paper defines financial liberalization, distinguishing between liberalization of domestic financial markets and … followed a well thought out sequence whereby full capital account liberalization was to come after deepening domestic markets … markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …
Persistent link: https://www.econbiz.de/10009365400
The paper defines financial liberalization, distinguishing between liberalization of domestic financial markets and … followed a well thought out sequence whereby full capital account liberalization was to come after deepening domestic markets … markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …
Persistent link: https://www.econbiz.de/10009365446