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What is the definition of financial stability?

Zoe Campbell | 2023-06-10 13:26:02 | page views：1080
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Lucas Rivera

Works at the International Development Association, Lives in Washington, D.C., USA.
Financial stability is a state in which the financial system, i.e. the key financial markets and the financial institutional system is resistant to economic shocks and is fit to smoothly fulfil its basic functions: the intermediation of financial funds, management of risks and the arrangement of payments.
2023-06-18 13:26:02
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Olivia Wright

QuesHub.com delivers expert answers and knowledge to you.
Financial stability is a state in which the financial system, i.e. the key financial markets and the financial institutional system is resistant to economic shocks and is fit to smoothly fulfil its basic functions: the intermediation of financial funds, management of risks and the arrangement of payments.
Defining Financial Stability - MNB
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