01665cas a2200241 a 4500 AALejournalIMF011176 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463904340 0252-3108 BD-DhAAL BD-DhAAL International Monetary Fund. Per Jacobsson Lecture : What Financial System for the Twenty-First Century?. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (68 pages) per Jacobson lecture <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper describes a financial system that should be adopted for the 21st century. The paper highlights that the financial crisis of 2008 has raised fundamental questions about how the financial industry is structured, managed, and regulated. The paper discusses that a well-functioning financial system plays an essential role in generating high levels of saving, promoting the efficient allocation of investment, and smoothing economic fluctuations stemming from nonfinancial causes. By facilitating informed risk taking, it is a key element in achieving optimal levels of productivity growth and rising living standards. Mode of access: Internet per Jacobson lecture Full text available on IMF http://elibrary.imf.org/view/books/028/12038-9781463904340-en/12038-9781463904340-en-book.xml IMF e-Library