Introduction: Global Banking, Financial Stability, and Post-Crisis Policy Challenges Symposium
نویسندگان
چکیده
منابع مشابه
Banking Concentration, Financial Stability and Public Policy
Although widespread industry consolidation over recent decades has resulted in a decline in the number of smaller banks, there has been little overall increase in various indicators of concentration. Technological and regulatory change suggest that ongoing consolidation will continue to reduce the number of smaller banks, and that large multinational banks will play an increasing role in domest...
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Barry Eichengreen’s paper pushed me to take a different look at the crisis and I encourage everyone to read the paper carefully . I will separate these very brief remarks into three parts . First, I will review his basic observations, concentrating on what I see as his more novel points . Next I will present one picture that informs my thinking on the role of global imbalances in the crisis . F...
متن کاملDiscussion of Banking Concentration, Financial Stability and Public Policy
The discussion of Claudio Borio’s and Franklin Allen’s papers left me thinking that history has not been kind to the Wallis Committee of Inquiry into the Australian Financial System. It would appear that banks complement fi nancial markets, rather than substitute for them, to a far greater extent than assumed by the Committee. This even led to speculation that the Wallis architecture of creatin...
متن کامل“Monetary Policy and Financial Stability: Challenges in the Wake of the Crisis”
It is both a pleasure and a privilege to participate in the closing panel of this conference honoring Ben Friedman. Ben taught me monetary policy and central banking, and his teaching had a major influence on my decision to spend most of my career as a central banker. My intellectual debt to Ben, as a scholar and a friend, is so great that I do not think I will ever be able to repay him. So muc...
متن کاملCrisis Transmission: Global Financial Crisis
The aim of this paper is to explore, empirically, the channels of crisis transmission with regard to the Global financial crisis. EMP-based crisis proxy is used for eight countries, which include Argentina, Brazil, Canada, Indonesia, Japan, Korea, Mexico and Russia. The period considered for estimation was Q1 2001 Q2 2010. Based on the Vector AutoRegression (VAR) and Ordinary Least Squares (OLS...
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ژورنال
عنوان ژورنال: Comparative Economic Studies
سال: 2014
ISSN: 0888-7233,1478-3320
DOI: 10.1057/ces.2014.19