Von den 6 Mitgliedern der BEAC wurden 1990 und 1991 zwei Übereinkommen angenommen, wovon das eine die Gründung der supranationalen "Commission Bancaire de l'Afrique Centrale" (COBAC) und das andere die Harmonisierung der unterschiedlichen Gesetzgebungen im Bankwesen betraf. Der erste Teil des...

The rapid growth of the market-based financial system since the mid-1980s changed the nature of financial intermediation in the United States profoundly. Within the market-based financial system, “shadow banks” are particularly important institutions. Shadow banks are financial...

In August 1763, northern Europe experienced a financial crisis with numerous parallels to the 2008 Lehman Brothers episode. The 1763 crisis was sparked by the failure of a major provider of acceptance loans, a form of securitized credit resembling modern asset-backed commercial paper. The...