Working Paper

Will greater disclosure and transparency prevent the next banking crisis?


Abstract: Greater transparency and disclosure of bank activities will not prevent banking crises unless appropriate monetary, fiscal, and regulatory policies are also adopted. Nonetheless, greater disclosure of banking problems can reduce the costs of banking crises, even if transparency is not a panacea for preventing banking crises.

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Working Papers

Publication Date: 1998

Number: 98-8