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Achieving Financial Stability: Challenges to Prudential Regulation
Contributor(s): Evanoff, Douglas D. (Editor), Kaufman, George G. (Editor), Leonello, Agnese (Editor)
ISBN: 9813223391     ISBN-13: 9789813223394
Publisher: World Scientific Publishing Company
OUR PRICE:   $140.60  
Product Type: Hardcover - Other Formats
Published: November 2017
Qty:
Additional Information
BISAC Categories:
- Business & Economics | Banks & Banking
- Business & Economics | Money & Monetary Policy
Series: World Scientific Studies in International Economics
Physical Information: 0.88" H x 6" W x 9" (1.51 lbs) 384 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

The Great Financial Crisis of 2007-2010 exposed the existence of significant imperfections in the financial regulatory framework that encouraged excessive risk-taking and increased system vulnerabilities. The resulting high cost of the crisis in terms of lost aggregate income and wealth, and increased unemployment has reinforced the need to improve financial stability within and across countries via changes in traditional microprudential regulation, as well as the introduction of new macroprudential regulations. Amongst the questions raised are:

  • What are the challenges to prudential regulation?
  • How has the regulatory environment changed in recent years?
  • How do the reforms interplay with market discipline, risk-taking incentives and risk management arrangements?
  • Does the new regulatory framework allow for the introduction of financial innovation, and the associated benefits, without increasing disruptive financial risk?