Will Greater Disclosure and Transparency Prevent the Next Banking Crisis?
Greater transparency and disclosure of the bank activities will not prevent future banking crises unless appropriate monetary, fiscal, and regulatory policies are also adopted. Nonetheless, greater disclosure of banking problems can reduce the costs of banking crises, even if transparency is not a panacea for preventing banking crises.
KeywordsBanking System Federal Reserve Hedge Fund Asian Financial Crisis Nonperforming Loan
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