Financial Networks and Banking Policy

Patrick Honohan and Dimitri Vittas
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Dimitri Vittas: World Bank

Chapter 5 in Contemporary Economic Issues, 1998, pp 97-117 from Palgrave Macmillan

Abstract: Abstract The interdependence of banks and governments, the inexorable sequence of banking booms and busts, and the prevalence of regulatory controls all have a centuries-long history. Developing and transition economies are confronted with the need for liberalization at a time when deregulation in the market economies has presaged costly bank failures. At the same time, although there is little reason to believe that the unregulated financial system is always for the best, the growing complexity of the world financial system begins to militate against successful policy activism.

Keywords: Banking System; Commercial Bank; Network Externality; Deposit Insurance; Bank Regulation (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26072-0_5

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