This book is a review on the economic theories of systemic risks in the financial market and the topics in constructing the macroprudential framework for banking regulation in the future. It explains the reasons why the traditional microprudential regulatory framework missed its target in stabilizing the market and preventing the crisis, and discusses the principles and instruments for designing macroprudential rules.
"synopsis" may belong to another edition of this title.
Jin Cao is an Advisor at the Research Department of the Financial Stability Wing of Norges Bank, Oslo, Norway.
"About this title" may belong to another edition of this title.
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