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What have we learned from recent financial crises and policy responses?

This paper draws some policy lessons from recent financial crises. Three forms of financial instability are distinguished: short-term volatility, medium-term misalignments including excessive international capital flows, and contagion across both markets and countries. Some underlying factors contributing to each form of instability are identified and specific public policies are recommended to help alleviate each.
Year of publication:
2000-01
Authors: White, William R.
Institutions: Bank for International Settlements (BIS)
Extent:
application/pdf
text/html
Series:
Type of publication: Book / Working Paper
Notes:
Number 84 37 pages
Source:
Persistent link: https://www.econbiz.de/10005127771
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