Series: IMF Working Papers
Author(s): Garry Schinasi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2004
Keywords: Finance, Market Failures, benefits, financial system, financial institutions, financial systems, General Financial Markets: Government Policy and Regulation, Financial Markets and the Macroeconomy, Externalities, Asymmetric and Private Information,
This paper articulates a logical foundation-drawn from disparate literatures-for understanding why safeguarding financial stability is an important economic policy objective. The paper also explains why private asp...