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By the early 1960s, outstanding U.S. dollar liabilities began to exceed the U.S. gold stock, suggesting that the United States could not completely maintain its pledge to convert dollars into gold at the official price. This raised uncertainty about the Bretton Woods parity grid, and speculation...
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traditional, institutional based, but will need to resemble that used in other network industries. Furthermore, with globalization … the General Agreement on Trade in Services (GATS) process and the disciplines of the World Trade Organization. GATS can be … difficult to establish otherwise. "--World Bank web site …
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in banking"--World Bank web site …
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The behavior of actors in financial systems depends crucially on the incentives that motivate them. The right regulation, supervision, and incentives (including the scope of permissible activities, degree of contestability, and extent of safety net) for financial services can make the sector...
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