Coping with Financial Fragility and Systemic Risk (Financial and Monetary Policy Studies)

Coping with Financial Fragility and Systemic Risk examines financial fragility and its potential consequences for both the private sector and public policy from a wide range of perspectives. The book identifies and discusses the sources of perceived fragility in financial institutions and markets and its potential consequences throughout the economy. The authors then examine private sector solutions to dealing with systemic risk and mitigating the consequences. Finally, the book examines regulatory solutions to these problems. The papers collected in this volume are those presented at a conference which was held at the University of Limburg in Maastricht, the Netherlands on September 7-9, 1994. The conference was co-sponsored by the Limburg Institute of Financial Economics (LIFE) at the University of Limburg and the Journal of Financial Services Research, with the financial support of Ernst & Young, Europe. The co-organizers were George G. Kaufman of Loyola University of Chicago and Harald A. Benink of the University of Limburg. The conference brought together leading banking experts from academe, public policy-makers, and financial institutions from both the United States and Europe to explore the issues related to financial fragility and systemic risk.