Coping with Financial Fragility and Systemic Risk

1. Front Matter

   Pages iii-viii

   PDF

2. Introduction

   1. Introduction

      • Harald A. Benink

      Pages 1-2

3. Sources of Financial Fragility

   1. Financial Factors in the Economics of Capitalism

      • Hyman P. Minsky

      Pages 3-14

   2. Is the Banking and Payments System Fragile?

      • George J. Benston, George G. Kaufman

      Pages 15-46

   3. Financial Fragility: Issues and Policy Implications

      • Charles W. Calomiris

      Pages 47-63

   4. Off-Exchange Derivatives Markets and Financial Fragility

      • Franklin R. Edwards

      Pages 65-96

   5. Comment

      • Jacques J. Sijben

      Pages 97-103

   6. Comment

      • Stuart I. Greenbaum

      Pages 105-108

4. Private Sector Solutions

   1. Market Discipline of Banks’ Riskiness: A Study of Selected Issues

      • Franco Bruni, Francesco Paternò

      Pages 109-131

   2. Private Sector Solutions to Payments System Fragility

      • Robert A. Eisenbeis

      Pages 133-155

   3. Derivatives and Stock Market Volatility: Is Additional Government Regulation Necessary?

      • Seha M. Tiniç

      Pages 157-168

   4. Global Financial Fragility and the Private Sector

      • Charles R. Taylor

      Pages 169-174

5. Regulatory Solutions

   1. Banking Regulation as a Solution to Financial Fragility

      • Paul M. Horvitz

      Pages 175-186

   2. Regulatory Solutions to Payment System Risks: Lessons from Privately Negotiated Derivatives

      • David L. Mengle

      Pages 187-197

   3. Systemic Stability and Competitive Neutrality Issues in the International Regulation of Banking and Securities

      • Harald A. Benink, David T. Llewellyn

      Pages 199-213

6. Private and Regulatory Solutions: Discussion

   1. Comment: Banking

      • Christian De Boissieu

      Pages 215-218

   2. Comment: The Payment and Settlement Systems

      • Claudio E. V. Borio

      Pages 219-225

   3. Comment: International

      • Charles A. E. Goodhart

      Pages 227-230

   4. Summary of Conference

      • Robert Z. Aliber

      Pages 231-238

7. General Conference Papers

   1. Supervision of Derivative Instruments

      • Jerry L. Jordan

      Pages 239-250

Coping with Financial Fragility and Systemic Risk identifies and discusses the sources of perceived fragility in financial institutions and markets and its potential consequences throughout the economy. It then examines private sector solutions for dealing with systemic risk and mitigating the consequences. Finally, the book examines regulatory solutions to these problems.

• banking
• business
• derivatives
• economics
• economy
• institutions
• prevention
• regulation
• stability
• stock market
• volatility

• University of Limburg, Maastricht, The Netherlands

  Harald A. Benink

Policies and ethics