Depositor Behavior and Market Discipline in Colombia (Electronic book text)


With the recent outbreak of high-profile financial and currency crises throughout the world and in emerging market economies in particular, the issue of proper regulation of the banking system has become critical to the policy discussion. On the one hand, it is recognized that less government interference and hence greater operation of market forces are conducive to more rapid development of the financial system which, in turn, tends to generate substantial economic benefits resulting in higher economic growth (Levinc, 1997). On the other hand, it is also increasingly apparent that as financial systems are liberalized and rely more and more on market forces, they also become more vulnerable and subject to greater instability (Demirguc-Kunt and Detragiache, 1998; Caprio and Honohan, 1999). For this reason, regulation and supervision of financial institutions must be stronger and more carefully designed in order to reduce the instability of the system and minimize the probability of crisis.

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Product Description

With the recent outbreak of high-profile financial and currency crises throughout the world and in emerging market economies in particular, the issue of proper regulation of the banking system has become critical to the policy discussion. On the one hand, it is recognized that less government interference and hence greater operation of market forces are conducive to more rapid development of the financial system which, in turn, tends to generate substantial economic benefits resulting in higher economic growth (Levinc, 1997). On the other hand, it is also increasingly apparent that as financial systems are liberalized and rely more and more on market forces, they also become more vulnerable and subject to greater instability (Demirguc-Kunt and Detragiache, 1998; Caprio and Honohan, 1999). For this reason, regulation and supervision of financial institutions must be stronger and more carefully designed in order to reduce the instability of the system and minimize the probability of crisis.

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Product Details

General

Imprint

International Monetary Fund

Country of origin

United States

Release date

2000

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Authors

Format

Electronic book text

Pages

35

ISBN-13

978-1-282-54154-2

Barcode

9781282541542

Categories

LSN

1-282-54154-4



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