|Title:||A review of financial market events in autumn 1998|
|Publisher / Ed. Institution :||Bank for International Settlements|
|Publisher / Ed. Institution:||Basel|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||No review|
|Subject (DDC) :||332: Financial economics|
|Abstract:||Following its March 1999 meeting, the Committee on the Global Financial System formed a working group, chaired by Karen Johnson of the Board of Governors of the Federal Reserve System, to examine the events surrounding the market stresses in many international financial markets in autumn 1998. The group was charged with putting these events in perspective, with special emphasis on understanding the suddenness of the deterioration in liquidity and elevation of risk spreads in a wide variety of markets, the proximate causes of the withdrawal from risk-taking, and the speed with which and extent to which markets subsequently recovered. The focus of the working group, therefore, was on developments across many markets in a relatively narrow time frame, as opposed to the more general investigation of market liquidity provided by an earlier report to the CGFS or the scrutiny of a narrow set of financial entities contained in the report of the US President’s Working Group and the recommendations on industry practices of the Counterparty Risk Management Policy Group.1.|
|Departement:||School of Management and Law|
|Organisational Unit:||Institute of Public Management (IVM)|
|Appears in Collections:||Publikationen School of Management and Law|
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