Financial Modernization and Regulation
Financial systems worldwide have been marked by a push toward financial moderization and rolling financial crises over the past several years. These developments have put pressure on financial supervision and regulation to adapt. While some changes in regulatory overnight have taken place, adaptation of financial supervision and regulation can be expected to continue into the 21st century.
KeywordsSystemic Risk Deposit Insurance Market Discipline Banking Supervision Financial Supervision
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- Diamond, D.W., and R.G. Rajan. “Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking,” mimeo, University of Chicago, 1999.Google Scholar