Equilibrium Analysis, Banking, Contagion and Financial Fragility
Charles Goodhart, Dimitrios P. Tsomocos
Abstract
Open-access reader
Charles Goodhart, Dimitrios P. Tsomocos
Abstract
Open-access reader
The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In this book, the authors demonstrate how to enhance the theory, modelling and practice of such regulation.
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The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In this book, the authors demonstrate how to enhance the theory, modelling and practice of such regulation.
Key concepts: Financial fragility, Financial stability, Fragility, Economics, Financial contagion, Key (lock), Financial system, Financial crisis