Preserving Financial Stability

Preserving Financial Stability

Author/Editor:

Garry J. Schinasi

Publication Date:

January 9, 2006

Electronic Access:

Free Download.

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Summary:

Spurred by advances in information and computer technologies, financial liberalization and innovation took off inthe late 1970s. Although the changes in financial markets have been beneficial overall, our understanding of the new risks to financial stability lags behind, as demonstrated by the financial crises of the past couple of decades. The study of international financial stability – a public good – is still in its infancy. This pamphlet, aimed at stimulating further debate on the subject, proposes a definition of financial stability and a broad framework for safeguarding it without inhibiting its dynamic development or limiting its benefits.

Series:

Economic Issues No. 2006/002

Subject:

Asset prices
Financial institutions
Financial sector policy and analysis
Financial sector stability
Financial services
Financial stability assessment
Loans
Prices

Notes:

PDF also available in Arabic; Chinese; Russian; Spanish