Financial Policies and the Prevention of Financial Crises in Emerging Market Economies

The author defines a financial crisis as a disruption in financial markets in which adverse selection and moral hazard problems become much worse, so that financial markets are unable to efficiently channel funds to those who have the most producti...

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Bibliographic Details
Main Author:	Mishkin, Frederic S.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ADVERSE SELECTION ASSET PRICES ASYMMETRIC INFORMATION BALANCE OF PAYMENTS BALANCE SHEET BALANCE SHEETS BANK CAPITAL BANK FAILURE BANK HOLDING COMPANY BANK PANICS BANKING CRISES BANKING PANICS BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BONDS BORROWING CAPITAL BASE CAPITAL CONTROLS CAPITAL INFLOWS CAPITAL REQUIREMENTS CENTRAL BANK CERTIFICATES OF DEPOSIT CHECKING COMMERCIAL BANKS CONTAGION CREDIT MARKETS CREDIT RATIONING CREDIT RISK CURRENCY CRISES DEBT DEFLATION DEPOSITS DEVALUATION DISINFLATION ECONOMIC ACTIVITY ECONOMIC FLUCTUATIONS ECONOMIC GROWTH ECONOMIC RESEARCH EMERGING MARKET ECONOMIES EMERGING MARKETS EQUITY CAPITAL EXCHANGE RATE EXCHANGE RATE DEPRECIATION EXCHANGE RATE REGIMES EXCHANGE RATE RISK EXCHANGE RATES FACE VALUE FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FEDERAL RESERVE BANK OF NEW YORK FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL REFORM FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SECTOR BALANCE FINANCIAL STABILITY FINANCIAL STRUCTURE FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICITS FISCAL POLICY FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FREE RIDER FUTURE VALUE GDP GOVERNMENT SECURITIES GROWTH RATE ILLIQUIDITY INFLATION INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL RESERVES INVESTMENT OPPORTUNITIES LEGISLATION MANDATES MERCHANT BANKS MONETARY POLICY MORAL HAZARD MORAL HAZARD PROBLEMS MUTUAL FUNDS NET ASSETS NET WORTH NOMINAL INTEREST RATES NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOANS POLICY RESEARCH PORTFOLIOS PRESENT VALUE PRICE STABILITY PRIVATE SECTOR PRIVATIZATION REAL OUTPUT REGULATORY FORBEARANCE RISK TAKING SAVINGS SECURITIES SECURITIES MARKETS SHARP DETERIORATION STATUTORY REQUIREMENTS STOCK PRICES STOCKHOLDERS SUBSIDIARIES THRIFT INSTITUTIONS
Online Access:	http://documents.worldbank.org/curated/en/2001/10/1614834/financial-policies-prevention-financial-crises-emerging-market-economies http://hdl.handle.net/10986/19532

Internet

http://documents.worldbank.org/curated/en/2001/10/1614834/financial-policies-prevention-financial-crises-emerging-market-economies
http://hdl.handle.net/10986/19532

Financial Policies and the Prevention of Financial Crises in Emerging Market Economies

Internet

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