Global financial instability: framework, events, issues
Article Abstract:
Economic policymakers face significant challenges as they consider possible ways of reducing the danger of global financial instability and how to deal with financial instability when it arises. This happens when shocks to the financial system come into conflict with information flows, making the financial system unable to perform its role of channelling funds to people with productive investment opportunities. Encouraging safety and soundness of the financial system is vital to preventing financial instability in the future.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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An evaluation of the Treasury plan for banking reform
Article Abstract:
The US Treasury banking reform plan, Modernizing the Financial System: Recommendations for Safer More Competitive Banks, is evaluated. The plan, penned in response to the crisis in the banking industry in the 1980s, aims to reform the federal deposit insurance and regulatory system. As evaluated, the Treasury Plan generally succeeds in the areas of banking industry regulation and expansion. However, its limitations on deposit insurance and reluctance to use market-value accounting are criticized.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1992
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Symposium on the monetary transmission mechanism
Article Abstract:
Monetary policy has become the focal point of macroeconomic policymaking with the demise of fiscal policy. It can be a powerful economic tool but also has unexpected and undesirable results. Monetary authorities must have a comprehensive grasp of monetary policy mechanisms to obtain an accurate estimation of the timing and consequences of their policies.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1995
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- Abstracts: Income inequality and the informal economy in transition economies. Income inequality in early transition: the case of Hungary 1987-1996
- Abstracts: Financial market frictions, monetary policy, and capital accumulation in a small open economy. Monetary stability and liquidity crises: The role of the lender of last resort
- Abstracts: Wealth distribution in life-cycle economies. Human capital and earnings distribution dynamics. Does productivity growth fall after the adoption of new technology?
- Abstracts: A new approach to the limit theorem on the core of an economy in vector lattices. Markets with many more agents than commodities: Aumann's "hidden" assumption
- Abstracts: The demand for long-term deposits of a financial intermediary: theory and evidence. To build or buy: an empirical study of the characteristics affecting a bank's expansion decisions