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Title Financial stability in a changing environment / edited by Kuniho Sawamoto, Zenta Nakajima, and Hiroo Taguchi
Published New York : St. Martin's Press, 1995


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Description xi, 539 pages : illustrations ; 23 cm
Contents Opening Remarks / Yasushi Mieno -- 1. Regulatory Arrangements, Financial Stability and Regulatory Reform / Allan H. Meltzer -- 2. International Capital Flows, the International Agencies, and Financial Stability / Stanley Fischer -- 3. Toward a More Stable Financial Framework: Long-term Alternatives - an Overview of Recent Bank Disruption Worldwide / Zenta Nakajima and Hiroo Taguchi -- Comments / Edward J. Frydl and William Witherell -- 4. Monetary Policy Implications of Recent Changes in the Financial Systems in the United States and Europe / William Poole -- Comments / Goran Lind and Richard F. Syron -- 5. Recent Changes in the Financial Systems of Asian and Pacific Countries / Jeffrey A. Frankel -- Comments / Robert T. Parry and Graeme J. Thompson -- 6. Changing Behavior of Private Banks and Corporations and Monetary Policy in Japan / Naoyuki Yoshino -- Comments / Ulrich Baumgartner and Akiyoshi Horiuchi -- 7. Prudential Regulation for Banks / Mark J. Flannery
Comments / Marvin Goodfriend and Franco Passacantando -- 8. Safety Nets and Moral Hazard in Banking / George J. Benston -- Comments / Pierre Duguay and Kazuhito Ikeo -- 9. Monetary Policy Rules and Financial Stability / Bennett T. McCallum -- Comments / Jean-Pierre Patat, Mervyn King and Thomas C. Melzer -- 10. Price Stability and Financial Fragility / C. A. E. Goodhart -- Comments / Horst Bockelmann, Franco Bruni and Jerry L. Jordan -- 11. Conference Summary / Edward J. Kane
Summary In this book prominent academics, central bankers and economists from international institutions explore the framework for securing financial stability in a changing environment. The papers focus in particular on the following crucial issues for central banks and regulatory institutions around the world: (i) recent changes in the financial system worldwide - with particular emphasis on financial innovation, deregulation and internationalization; (ii) the rationale for an optimal design of prudential policy; and (iii) the relationship between the two ultimate goals of central banks - price stability and financial stability
Notes This book in a record of the proceedings of the sixth international conference held in Tokyo on 28-29 October 1993
Bibliography Includes bibliographical references and index
Subject Foreign exchange administration -- Congresses.
International finance -- Congresses.
Monetary policy -- Congresses.
Genre/Form Conference papers and proceedings.
Author Nakajima, Zenta.
Sawamoto, Kuniho.
Taguchi, Hiroo.
LC no. 94031338
ISBN 0312124740