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- W202561963 abstract "The papers in this volume were commissioned with the aim of exploring the signifi cant structural changes in the fi nancial system over the past decade or so and the implications for policy-makers charged with the responsibility of maintaining fi nancial system stability. In many ways these structural changes build on trends that had started in the 1980s in many advanced economies following widespread fi nancial deregulation and the opening-up of capital markets. Financial deepening over the past decade has continued at a rapid pace, with a wide range of new fi nancial instruments and markets, securitisation now a prominent feature of markets in many countries, lightly regulated institutions growing in importance and household balance sheets expanding rapidly. Competitive pressures have intensifi ed in many respects, helped in part by the ongoing globalisation of fi nancial markets and an increasing number of large fi nancial institutions operating across international borders. There have also been important changes in the ways in which fi nancial institutions measure and manage their risks, spurred on by regulatory efforts." @default.
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- W202561963 date "2007-01-01" @default.
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- W202561963 title "Introduction to The Structure and Resilience of the Financial System" @default.
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