TITLE

Preventing a Financial Crisis--Before It Happens

PUB. DATE
May 2008
SOURCE
BizEd;May/Jun2008, Vol. 7 Issue 3, p55
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article cites a study, titled "Bank Incentives, Economic Specialization, and Financial Crisis in Emerging Economics," which determines how banks, bailouts, and economic specialization can lead to financial crises in emerging markets. The researchers reveal that the state of a country's economy relies on the economic specialization and lending practices of banks. Two tax structures -- a tax on banks and a tax on corporations have been suggested to prevent financial crisis.
ACCESSION #
31901907

 

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