Product Description
This book provides a dramatic lesson illustrating the need for international cooperation to manage bank crises and to set common standards to help prevent financial crises in the future.
From the Publisher
This study examines the failure of the Franklin National Bank and the international banking crisis of 1974-1975. It discusses the changes in banking regulations and practices that contributed to Franklin's problems. It further explains how the failure of the Franklin National Bank and the Herstatt Bank forced bank regulators and policy makers to address the new international nature of banking and the dramatic changes in international financial markets.
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