Achieving Financial Stability: Challenges To Prudential Regulation: 61 (World Scientific Studies in International Economics) - Hardcover

Book 31 of 46: World Scientific Studies in International Economics

Douglas D Evanoff; George G Kaufman; Agnese Leonello; Simone Manganelli

 
9789813223394: Achieving Financial Stability: Challenges To Prudential Regulation: 61 (World Scientific Studies in International Economics)
Hardcover
ISBN 10: 9813223391 ISBN 13: 9789813223394
Publisher: World Scientific Publishing Company, 2017

Synopsis

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?

"synopsis" may belong to another edition of this title.

Publisher
World Scientific Publishing Company
Publication date
2017
Language
English
ISBN 10 
9813223391
ISBN 13 
9789813223394
Binding
Hardcover
Number of pages
384