Financial Modernization and Regulation

  • Fred Furlong
  • Simon Kwan

Abstract

Financial systems worldwide have been marked by a push toward financial moderization and rolling financial crises over the past several years. These developments have put pressure on financial supervision and regulation to adapt. While some changes in regulatory overnight have taken place, adaptation of financial supervision and regulation can be expected to continue into the 21st century.

Keywords

Systemic Risk Deposit Insurance Market Discipline Banking Supervision Financial Supervision 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Reference

  1. Diamond, D.W., and R.G. Rajan. “Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking,” mimeo, University of Chicago, 1999.Google Scholar

Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • Fred Furlong
    • 1
  • Simon Kwan
    • 1
  1. 1.Federal Reserve Bank of San FranciscoUSA

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