Global rules for global finance

Research output: Contribution to journalArticlepeer-review

Abstract

"To the extent that international supervision of the financial system exists, it has often sent perverse signals to bankers and investors, and probably governments as well, about the existence of lender of last resort facilities. As a result, the international financial system is a reckless place in which accidents inevitably happen. If that is the general diagnosis, what is the cure?".

Original languageEnglish (US)
Pages (from-to)355-359
Number of pages5
JournalCurrent History
Volume97
Issue number622
StatePublished - 1998
Externally publishedYes

ASJC Scopus subject areas

  • History

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