The papers collected in this volume are those presented at the thirteenth Colloquium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF), which took place in Luxembourg in October 1986. The Society issupported byalargenumberofcentralbanksandcommer- cial banks, byother financial and business institutions, by treasury officials and by academics and others interested in monetary and financial prob- lems. Since its establishment in 1963 it has developed as a forum for the exchange of information, research results and ideas, valued by academics and practitioners in...
The papers collected in this volume are those presented at the thirteenth Colloquium arranged by the Societe Universitaire Europeenne de Recherches Fi...
intense competition on banks and other financial institutions, as a period of oligopoly ends: more rather than less innovation is needed to help share undi- versifiable risks, with more attention to correlations between different risks. Charles Goodhart of the London School of Economics (LSE), while ques- tioning the idea that volatility has increased, concludes that structural changes have made regulation more problematic and calls for improved information availability on derivatives transactions. In a thirteen country case study of the bond market turbulence of 1994, Bo- rio and McCauley of...
intense competition on banks and other financial institutions, as a period of oligopoly ends: more rather than less innovation is needed to help share...