No abstract is available.

A central bank will usually be primarily concerned about three aspects of stability. These are the maintenance of:- (1) domestic price stability, (2) external stability of the value of the currency, and (3) overall systemic stability in the financial system. These three objectives are not, of...

The economic unification of Europe is taking a long time.  It has become more challenging with the advent of financial integration and the single currency. Under the pressures of globalisation and, as a necessary by-product, of increased competition, the risk profile of financial systems has...

No abstract is available.

The 1994/95 Hilldale Lecture in Social Studies delivered at the University of Wisconsin in Madison, Wisconsin, November 10th, 1994.

No abstract is available.

No abstract is available.

China’s financial system has been undergoing major reforms during the last decade, with the aim of establishing a modern commercial banking system and the development of stock market(s). In recent years there have been large capital injections into ailing state-owned banks, and currently...