The vulnerability of the international financial system: international lending and liquidity risk

Since the first oil crisis in 1973, international banking has become a dominant feature of the international financial system. Both economic and technical reasons underly this evolution. The article analyses the main risks for the stability of the international monetary and financial system, produce...

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Bibliographic Details
Published inPSL quarterly review Vol. 33; no. 134
Main Author R. OSSOLA
Format Journal Article
LanguageEnglish
Published Associazione Economia civile 01.10.2013
Subjects
1973 oil crisis
financial system
international banking
liquidity risk
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Summary:Since the first oil crisis in 1973, international banking has become a dominant feature of the international financial system. Both economic and technical reasons underly this evolution. The article analyses the main risks for the stability of the international monetary and financial system, produced by the rise of international banking. In particular, the causes and consequences of international lending liquidity risks are analysed and the guidelines for a safety net of the system are proposed.   JEL: F34
ISSN:2037-3635
2037-3643
DOI:10.13133/2037-3643/10710