This paper analyses the features, evolution and prospects of financial crises by examining the role of banks, states and central banks, also focusing on commercial and investment banking and the public real estate investment fund. Suggestions for improving bank risk management are described, together with an overview of the public real estate investment fund as an innovative instrument to cut down public debt and improve state risk management. In the framework of critical observations based on the recent experiences during the 2007‐2012 period, some proposals for change are put forward.
Financial crises. Where do we stand?
COLOMBINI, FABIANO
2012-01-01
Abstract
This paper analyses the features, evolution and prospects of financial crises by examining the role of banks, states and central banks, also focusing on commercial and investment banking and the public real estate investment fund. Suggestions for improving bank risk management are described, together with an overview of the public real estate investment fund as an innovative instrument to cut down public debt and improve state risk management. In the framework of critical observations based on the recent experiences during the 2007‐2012 period, some proposals for change are put forward.File in questo prodotto:
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