Naturally, people would prefer not to imagine the failure of banks. But bank failures have happened from time to time in many countries despite the best endeavours of managers and regulators. And it would be unwise to ignore this possibility in Australia because a bank failure is not only very damaging for the depositors immediately affected, but it can create a series of problems flowing well beyond that particular institution. This flow-on damage can occur …
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showed last 75 words of 4453 total
…Reserve Bank of New York. Goldstein, M. (1996). Presumptive Indicators/ Early Warning Signals of Vulnerability to Financial Crises in emerging market economies. Washington: Institute of International Economic, January 1996. Eichengreen and Rose. "Staying afloat when the wind shifts" Bongini, P., Laeven, L. and Majnoni, G. (2002). "How good is the market at assessing bank fragility?" A horse race between different indicators". Journal of Banking and Finance, vol.26, no.5 (May), pp.1011-1028. Crockett, A. "Market Discipline and Financial Stability"