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The Financial institutions and markets reader
Institutional developments in the globalization of securities and futures markets -- What is an 'acceptable' rate of inflation? -- The U.S. as a debtor country -- Can the government roll over its debt forever -- The high-yield debt market: 1980-1990 -- The stock market and inflation -- Financial panics, bank failures, and the role of regulatory policy -- Underlying causes of commercial bank failures in 1980s -- The RTC and the escalating costs of the thrift insurance mess
Risk-based capital standards and bank portfolios -- Loan loss reserves -- Solving the mystery of high credit card rates -- International credit market connections -- NAFTA and U.S. banking -- Foreign competition in U.S. banking markets.
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