Preserving Financial Stability

Author/Editor:

Garry J. Schinasi

Publication Date:

January 9, 2006

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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. 36

Subject:

Notes:

PDF also available in Arabic; Chinese; Russian; Spanish

English

Publication Date:

January 9, 2006

ISBN/ISSN:

9781589063563/1020-5098

Stock No:

EIIEA036

Format:

Paper

Pages:

28

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