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Financial crises and market regulation

Author

Listed:
  • Jerry L. Jordan

Abstract

Financial crises typically arise from mismanagement by governments which seek, usually with the most sincere and honorable intentions, to reduce or eliminate some constituent's risk exposure. But risk cannot be eliminated, only redistributed. Mr. Jordan, president and chief executive officer of the Federal Reserve Bank of Cleveland, recently discussed this problem at the Eighth Annual Financial Markets Conference, held at the Federal Reserve Bank of Atlanta.

Suggested Citation

  • Jerry L. Jordan, 1999. "Financial crises and market regulation," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
  • Handle: RePEc:fip:fedcec:y:1999:i:oct1
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    Cited by:

    1. Kwack, Sung Yeung, 2000. "An empirical analysis of the factors determining the financial crisis in Asia," Journal of Asian Economics, Elsevier, vol. 11(2), pages 195-206.

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    Keywords

    Financial crises;

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