Modernizing financial systems
By: edited by Dimitri B. Papadimitriou.
Contributors: Papadimitriou, Dimitri B.
Series: The Jerome Levy Economics Institute series; The Jerome Levy Economics Institute series; Jerome Levy Economics Institute series
Publisher: St. Martin's Press
Published: 2000
Place of publication: New York
Language: eng
Number of pages: 314
Subjects: Financial institutions -- State supervision.; Financial services industry -- State supervision.
Description: "The advent of financial and technological innovations has brought about new dimensions of credit risk requiring the sophisticated skills of the bank manager and regulator alike. The modernization of the financial system must reflect the evolving and competitive nature of the market and be framed in a regulatory and supervisory environment that, first, ensures the safety of the payment system, and second, offers the incentives for prudent risk-taking and sound portfolio investments.

The book provides a number of policy avenues that merit serious consideration."--BOOK JACKET.
Notes: Includes bibliographical references and indexes.