Prudential Practices and Financial StabilitySome 审慎的做法和金融stabilitysome.pptVIP

下载本文档

4
0
约2.3万字
约 27页
2017-03-08 发布于上海
举报
版权申诉

Prudential Practices and Financial StabilitySome 审慎的做法和金融stabilitysome.ppt

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

Prudential Practices and Financial StabilitySome 审慎的做法和金融stabilitysome

Prudential Practices and Financial Stability:Some Conceptual Issues Somesh K.mathur Lecturer-Department of Economics JMI(Central University),New Delhi-25,India Email:som@del3.vsnl.net.in Introduction Objective:The paper reviews the sources of market failure in financial institutions and markets and what can be done to alleviate them.It examines game-theoretic explanations for financial instability,in particular the role of asymmetric information in generating destabilizing behavior.In the area of remedies the paper analyses the potential contribution of official safety nets and what can be done to minimize the associated moral hazard.In this context it discusses the role of regulation and transparency. The present review joins the on-going debate on reinforcing financial stability on a global scale drawing from accumulated evidence on disruptions to financial stability. Importance of financial stability:Improves climate for investment,provides basis for macroeconomic and microeconomic stability and guards against systematic repercussions of banking and currency crisis. Successful monetary management requires an optimum blend of regulatory and market discipline and a correct dose of supervisory controls necessary to maintain financial stability. Sources of Instability Financial stability is defined as the smooth functioning of institutions,markets and infrastructure.While monetary stability can be defined as the stability of the general price level. Institutional instability exists when failure of one institution or few institutions spreads and causes more widespread economic damage.Inability of financial intermediaries to meet their contractual obligations Market instability can be defined in terms of the wider impact that volatility in asset prices and flows can have on the economy. It is a situation in which economic performance is potentially impaired by fluctuations in the price of financial assets. Instability in Market Infrastructure: Inefficient working o