The fundamental principles of financial regulation
By: Markus Brunnermeier...[et. al.].
Contributors: Goodhart, C. A. E. (Charles Albert Eric); Persaud, Avinash; Crockett, Andrew; Shin, Hyun; International Center for Monetary and Banking Studies; Centre for Economic Policy Research (Great Britain)
Series: Geneva reports on the world economy -- 11
Publisher: International Center for Monetary and Banking Studies; Centre for Economic Policy Research
Published: 2009
Place of publication: Geneva; London
Language: eng
Number of pages: 110
ISBN-13: 9780955700972
Subjects: Financial institutions; Bank capital; State supervision; Bank liquidity; Law and legislation; Banks and banking
Description: "Today's financial regulatory systems assume that regulations which make individual banks safe also make the financial system safe. The eleventh Geneva Report on the World Economy shows that that thinking is flawed. Actions that banks take to make themselves safer can - in times of crisis - undermine the system's stability. The Report argues for a different approach" -- xvi
Notes: Includes bibliographical references (p.108-110).
Table of contents: title: Analytical background; title: Nature of systemic risk; title: Who should be regulated (by whom); title: Counter-cyclical regulation; title: Regulation of liquidity and maturity mismatches; title: Other regulatory issues; title: The structure of regulation; title: Conclusions; title: Appendix: the boundary problem in financial regulation; title: Discussion and roundtables.