Journal Article

Financial crises and market regulation

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.

Keywords: Financial crises;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1999

Issue: Oct

Order Number: 1