Financial Fragility: Sources, Prevention, and Treatment

  • Andrew D. Crockett
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 30)


It is a pleasure to attend a conference which brings together so many well-known names in financial and monetary economics, particularly in a city whose name is so closely associated with European monetary and financial integration. At the same time, the intellectual standards of my fellow participants makes it an obligation and a challenge to try to provide some new insight or vantage point from which to view the subject of financial fragility.


Monetary Policy Central Bank Financial System Financial Institution Credit Risk 


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  1. 1.
    Recent Developments in International Interbank Relations,“ Bank for International Settlements, Basle, October 1992.Google Scholar
  2. 2.
    Derivatives: Practices and Principles,“ The Group of Thirty, Washington DC, July 1993.Google Scholar
  3. 3.
    See “The Complacent Derivatives Industry,” Euromoney (August 1993).Google Scholar
  4. 4.
    Financial Derivatives: Actions Needed to Protect the Financial System,“ United States General Accounting Office, May 1994.Google Scholar

Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Andrew D. Crockett
    • 1
  1. 1.Bank for International SettlementsBasleSwitzerland

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