Bank Failure, consolidation, systemic risk and early warning system.
Date Submitted: 01/15/2004 20:47:22
Category: / Business & Economy / Economics
Length: 16 pages (4453 words)
Category: / Business & Economy / Economics
Length: 16 pages (4453 words)
Naturally, people would prefer not to imagine the failure of banks. But bank failures have happened from time to time in many countries despite the best endeavours of managers and regulators. And it would be unwise to ignore this possibility in Australia because a bank failure is not only very damaging for the depositors immediately affected, but it can create a series of problems flowing well beyond that particular institution. This flow-on damage can occur …
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…Reserve Bank of New York.
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