Hedge funds have attracted increased attention in recent years. In part, this is because investment in hedge funds is becoming “mainstream”. A wider range of investors has sought exposure to these investment vehicles, and this has been associated with rapid growth in both the number of funds...

Stability in financial institutions and in financial markets are closely intertwined. Banks and other financial institutions need liquid markets through which to conduct risk management. And markets need the back-up liquidity lines provided by financial institutions. Market liquidity depends not...

In this book, policymakers, academics and market practitioners exchange views on the current economic situation, appropriate financial regulatory and supervisory standards, design of financial market institutions, and efficient safety nets for banks and other financial institutions. This volume...

[fre] L'intégration croissante des marchés de capitaux internationaux présente de nombreux avantages, mais aussi des inconvénients en termes de stabilité du système : fragilité des structures financières, opacité, volatilité, montée des risques. Dans ce contexte, il est important que...

In this book, policymakers, academics and market practitioners exchange views on the current economic situation, appropriate financial regulatory and supervisory standards, design of financial market institutions, and efficient safety nets for banks and other financial institutions. This volume...

Concern continues to be expressed that there is no adequate mechanism for controlling the volume of world reserves. This paper considers whether the objective of controlling aggregate reserves is still appropriate under current international monetary arrangements and discusses some of the means...