Financial Instability

Addresses three sets of issues: the causes, consequences and cures for the instability in financial markets, which is causing so much concern. It consists of 12 papers written by European and North American economists. The papers comprise a mixture of theoretical analyses of financial crises, studies of crises in different parts of the world and at different times, evaluations of different indicators of future crises. This book is intended for practitioners in financial institutions, central bankers and regulators of other financial institutions, and financial economists.