issn 1995 2864 financial market trends oecd 2008 resolutions of weak institutions lessons learned from previous crises stephen lumpkin the present financial crisis may be added to a growing list ...
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...Issn financial market trends oecd resolutions of weak institutions lessons learned from previous crises stephen lumpkin the present crisis may be added to a growing list episodes worldwide in which sector problems have become systemic nature many countries been affected either directly or through transmission cross border most share number common elements for instance innovation has often played role distress cases having much do with their idiosyncratic aspects example structured credit products and latest incarnation originate distribute model intermediation at epicentre current it differs other sub component residential mortgage as its trigger while more prompted by commercial corporate clients shares past few decades significant accumulation debt assets an environment characterised very low risk premia high concentrations policymakers jurisdictions faced these types authorities adopted overriding objective ensure that underlying disturbance is contained public confidence system who...