The smaller institutions also had almost all the cash they needed to withstand a financing shock, according to the committee, which consists of national bank regulators and heads of central banks.
Trinity Wall Street's announcement in January that it was suspending its vaunted music program, to reassess its place in the ministry and examine alternative sources of financing, shocked many music lovers in New York, parishioners or not.
Their actions have caused a drought of foreign financing, a shock to an economy that had ample access to international borrowing markets during the last decade.
Martin Lewis, the man most trusted by the British to inform them about their personal finances, is shocked by Brexit but calm about the consequences.
The speed with which investors fled the tumbling peso and the knock-on effect on other countries looked like the hallmarks of new kind of financial debacle, one that resulted from vast international capital flows sweeping into and out of emerging economies ill-prepared to deal with them.The big brains of international finance were shocked by both the sudden onset of the crisis and its virulence.
In particular, financing (investigating health shocks) and quality are two central themes addressed, thus highlighting the operational nature of the research.
We use models of count data to examine the impact of the need for financing, domestic policies, external shocks, and structural and institutional factors on borrowings between 1980 and 1996.
Strong public finances provide significant room to respond [to] shocks," the finance minister, Mehmet Simsek, tweeted on 28 December.
Writing in the Sueddeutsche Zeitung newspaper, Weidmann said: "Doubts about the sustainability of government finances could cause massive shocks to the currency union".
Raghuram Rajan, a professor at the University of Chicago and a former chief economist at the IMF, points out that current-account surpluses and deficits can indeed help countries cope with shocks and finance investment.
