Prudential Practices and Financial Stability: Some Conceptual Issues

Somesh K Mathur
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Somesh K Mathur: Lecturer at the Department of Economics, Jamia Millia Islamia (Central University), New Delhi, India

The Geneva Papers on Risk and Insurance - Issues and Practice, 2002, vol. 27, issue 3, 320-336

Abstract: 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 behaviour. 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 Geneva Papers on Risk and Insurance (2002) 27, 320–336. doi:10.1111/1468-0440.00176

Date: 2002
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