Recent innovations in international banking
Recent innovations in international banking
- Bank for International Settlements 1986
- ix,270p.
DC
Innovation has improved the efficiency of international financial markets, mainly by offering a broader and more flexible range of instruments both for borrowing and for hedging interest and exchange rate exposures. This report examines whether these trends at the same time either increase risks within the financial structure or after the functioning of the financial system over the long term, in ways which suggest the need for central banks to adjust their approaches to monetary or macro-prudential policy.
11.02.02 R294
DC
Innovation has improved the efficiency of international financial markets, mainly by offering a broader and more flexible range of instruments both for borrowing and for hedging interest and exchange rate exposures. This report examines whether these trends at the same time either increase risks within the financial structure or after the functioning of the financial system over the long term, in ways which suggest the need for central banks to adjust their approaches to monetary or macro-prudential policy.
11.02.02 R294