| Summary: | How is finance related to economic processes, and why should it be viewed as a public good requiring policy action? This book provides an answer and also: 1) develops a practical framework for safeguarding financial stability, which encompasses both prevention and resolution of problems, and 2) examines on-going and future challenges to financial stability posed by "globalization," a growing reliance on OTC derivatives and their markets, the capital-market activities of insurers and reinsurers, and others.--Publisher's description
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