Ghosh, Saibal (2001): Financial Stability and Public Policy: An Overview. Published in: Reserve Bank of India Occasional Papers No. 1 (January 2001): pp. 109-131.
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The paper reviews the sources of market failure in financial institutions and markets and what can be done to alleviate them. It examines game-theoretic explanations for financial instability, in particular the role of asymmetric information in generating destabilizing behavior. In the area of remedies, the paper analyses the potential contribution of official safety nets and what can be done to minimize the associated moral hazard. It discusses the role of public policy in this context.
|Item Type:||MPRA Paper|
|Original Title:||Financial Stability and Public Policy: An Overview|
|Keywords:||financial stability; financial institutions; financial markets; financial infrastructure|
|Subjects:||G - Financial Economics > G0 - General > G00 - General
G - Financial Economics > G0 - General > G01 - Financial Crises
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General
|Depositing User:||Saibal Ghosh|
|Date Deposited:||07. Jan 2010 09:20|
|Last Modified:||26. Aug 2015 08:38|
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