Preventing a Financial Crisis--Before It Happens

May 2008
BizEd;May/Jun2008, Vol. 7 Issue 3, p55
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.


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