Definitions of financial stability
Date
2013Metadata
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The aim of the paper is to provide a preliminary answer to the following questions:
1. What are the theoretical and practical consequences of the absence of universally
accepted definitions of financial stability?
2. What could be potential advantages to elaborate, if not a unique, so at least a
limited number of widely accepted definitions of “financial stability” allowing
to assess multiple aspects of functioning of various kinds of financial systems?
3. What should be the assumptions of such definitions?
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