The authors examine why emerging markets, in particular, are susceptible to and affected by financial difficulties. They show that these difficulties have a richer, more complex structure than they are sometimes believed to have - with marked information asymmetries and substantial volatility. The sources of heightened regulatory failure in emerging markets in recent years include the volatility of real and nominal shocks, the difficulty of operating...
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1999/11/30
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Document de travail de recherche sur les politiques
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WPS2235
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1
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1
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2010/07/01
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Beyond capital ideals : restoring banking stability
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frequency of bank failure
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