Preventing Financial Crises: An International Perspective / Frederic S. Mishkin.

Format:

Book

Author/Creator:

Mishkin, Frederic S.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4636.

NBER working paper series no. w4636

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Preventing Financial Crises

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

In recent years the possibility of an international financial crisis has increased because of greater liquidity of international financial markets, an increase in corporate indebtedness and the decline of the banking industry. Using an asymmetric information analysis, this paper outlines what signals a central bank might look for to determine if a financial crisis is occurring and then describes how central banks might operate and cooperate to prevent financial crises.

Notes:

Print version record

February 1994.