The Icelandic Financial Meltdown: An Investigation into the Theoretical and Empirical Facets of the Banking Crisis
Deshpande, Tina (2010) The Icelandic Financial Meltdown: An Investigation into the Theoretical and Empirical Facets of the Banking Crisis. [Dissertation (University of Nottingham only)] (Unpublished)
Recent decades have witnessed the proliferation of globalisation of financial markets creating profitable opportunities for banks while at the same time making them vulnerable to severe risks. The volatility of bank earnings and a number of major bank failures have highlighted the costs of a global financial system and solicited and beckoned for restructuring of regulatory systems around the world that can effectively manage the inherent risks involved in cross border activities. (Kapstein, 1989). Public officials are increasingly being tested on their efficacy in handling the convoluted and intertwined problem of having to extract the benefits of economic interaction and integration while pursuing rightful national objectives such as bank safety and soundness (Cooper, 1968). The phenomenal globalisation the world has witnessed has ushered in an era wherein public officials have been compelled to make tradeoffs between domestic regulation and international competitiveness (Kapstein, 1989).
Actions (Archive Staff Only)