Financial Stability, Economic Growth, and the Role of Law di Douglas W. Arner edito da Cambridge University Press
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Financial Stability, Economic Growth, and the Role of Law

EAN:

9780521690560

ISBN:

0521690560

Pagine:
354
Formato:
Paperback
Lingua:
Inglese
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Descrizione Financial Stability, Economic Growth, and the Role of Law

Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.

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