Advertisement

Introduction

  • Harald A. Benink
Chapter
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 30)

Abstract

The questions of how fragile the banking and financial system is and, if it is fragile, what are the consequences for the stability of the system (‘systemic risk’) and how should public policy cope with it in order to protect the economy, are among the most important economic issues of the day. The rash of bank failures and large and well publicized losses in the securities and newly developed derivatives markets in the 1980s and 1990s in many countries throughout the world have refocused attention on these questions for the first time since the widescale bank failures during the Great Depression of the 1930s.

Keywords

Private Sector Public Policy Financial System Financial Institution Systemic Risk 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Harald A. Benink
    • 1
  1. 1.Limburg Institute of Financial Economics (LIFE)University of LimburgNetherlands

Personalised recommendations