TY  - JOUR
AU  - Mishkin,Frederic S.
TI  - Preventing Financial Crises: An International Perspective
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4636
PY  - 1995
Y2  - March 1995
UR  - http://www.nber.org/papers/w4636
L1  - http://www.nber.org/papers/w4636.pdf
N1  - Author contact info:
Frederic S. Mishkin
Columbia University
Graduate School of Business
Uris Hall 817
3022 Broadway
New York, NY 10027
Tel: 212-854-3488
Fax: 212/662-8474
E-Mail: fsm3@columbia.edu
AB  - In recent years the possibility of an international financial crisis has increased because of greater liquidity of international financial markets, an increase in corporate indebtedness and the decline of the banking industry.  Using an asymmetric information analysis, this paper outlines what signals a central bank might look for to determine if a financial crisis is occurring and then describes how central banks might operate and cooperate to prevent financial crises.
ER  -