An Incentive Approach to Identifying Financial System Vulnerabilities

This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives. This approach highlights the need for additional research on the relationship between institutional structures and financial vulnerabilities.

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Year of publication:	2000-12-01
Authors:	Chai, Jingqing ; Johnston, R. B.
Institutions:	International Monetary Fund (IMF)
Subject:	Financial systems \| Markets \| financial system \| moral hazard \| deposit insurance \| risk taking \| financial instruments \| financial vulnerabilities \| legal framework \| accounting standards \| securities markets \| currency crises \| supervisory authorities \| hedging \| financial assets \| bond \| rational herding \| financial instability \| equity markets \| bonds \| financial sector \| financial intermediaries \| risk management \| banking crises \| corporate bond \| financial institutions \| banking systems \| financial regulations \| supervisory system \| financial intermediation \| equity valuation \| insurance premiums \| moral hazards \| supervisory framework \| currency crisis \| financial resources \| financial liberalization \| equity market \| financial market \| financial markets \| international currency \| asset markets \| transition economies

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 00/211 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005264193