Abstract
This chapter reviews how various mechanisms of prudential oversight over the financial system can help make an economy more resistant to contagious financial shocks.1 Other policy measures that play a useful role in some circumstances — such as capital controls, lender of last resort arrangements and the choice of exchange rate regime — are mentioned only tangentially as they are covered in the chapter by Chang and Majnoni.
Original language | English |
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Title of host publication | International Financial Contagion |
Editors | Stijn Claessens, Kristin J. Forbes |
Place of Publication | United States |
Publisher | Springer |
Chapter | 16 |
Pages | 431-460 |
Number of pages | 30 |
Edition | 1 |
ISBN (Electronic) | 9781475733143 |
ISBN (Print) | 9781441948762 |
DOIs | |
Publication status | Published - 2001 |
Externally published | Yes |