Economics, Econometrics and Finance
8 years ago

Financial crisis impact on financial services: implications for global stability.

SSRN Electronic Journal
Trade in Financial Services, Financial Crisis and Development Implications: What is Important and What Has Changed?
Deepali Fernandes, Mina Mashayekhi

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Financial Services are crucial for economic development and stability. Past financial crises have shown the high costs of failure in this sector. This chapter discusses the importance of financial services, especially for developing countries, and recent developments in the sector. The goal is to ensure global financial stability to support economic stability. The findings highlight the need for strong regulatory and institutional frameworks in the financial sector to prevent future crises and promote economic growth.