Abstract

http://ssrn.com/abstract=1409544
 
 

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Financial Stability, Economic Growth, and the Role of Law


Douglas W. Arner


University of Hong Kong - Faculty of Law

July 2007

FINANCIAL STABILITY, ECONOMIC GROWTH AND THE ROLE OF LAW, New York: Cambridge University Press, 2007

Abstract:     
Financial crises have become an all-too-common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of the international financial architecture as well as individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.

Number of Pages in PDF File: 17

Keywords: financial crisis, financial stability, financial developmentment, financial regulation, law and institutions

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Date posted: May 25, 2009  

Suggested Citation

Arner, Douglas W., Financial Stability, Economic Growth, and the Role of Law (July 2007). FINANCIAL STABILITY, ECONOMIC GROWTH AND THE ROLE OF LAW, New York: Cambridge University Press, 2007. Available at SSRN: http://ssrn.com/abstract=1409544

Contact Information

Douglas W. Arner (Contact Author)
University of Hong Kong - Faculty of Law ( email )
Pokfulam Road
Hong Kong, Hong Kong
China
HOME PAGE: http://hub.hku.hk/rp/rp01237

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