The New Banking Environment—A Risky Game

Franz Galliker

Chapter 13 in International Banking, 1988, pp 123-128 from Palgrave Macmillan

Abstract: Abstract The last couple of years have seen a sharp acceleration in the pace of innovation, deregulation and structural change in international financial markets. The new environment is characterised by an immense growth in off-balance-sheet business of the commercial banks and the fact that huge flows of credit have shifted away from loans through the banking system directly into the financial markets. The resulting expansion of new financial instruments has caused problems not only for the conduct of monetary policy, but also for the mangement of international banks since there is still an unknown but probably considerable amount of risk involved.

Keywords: Monetary Policy; Financial Market; Central Bank; Commercial Bank; Monetary Authority (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-09706-7_13

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