THE COLLAPSE OF BARINGS BANK
The Collapse of Barings 1995. Financial Derivatives, Banking Crises
and Contagion Effects
Freiberg Working Papers, (1996), Vol. 96/2,
35 pages, ISSN 0949-9970
Jan Koernert
Abstract
Banks solvency and liquidity can be significantly threatened if speculative
trading in financial derivatives is guided by a lack of adequate internal and
external controls. There is evidence that such reasons are responsible for
the failure of Barings in February 1995.
This study takes a closer look into the circumstances of the collapse of
Barings and analyses why no contagion effects occurred which could have
led to a system-wide destabilisation.
JEL-classification: G 21, G 33, G 38
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