Financial Stability in Practice - Towards an Uncertain Future (Hardcover)

The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In this book, the authors demonstrate how to enhance the theory, modeling and practice of such regulation. The main determinant of financial instability is the default of financial institutions. The authors highlight the importance of the appropriate incorporation of default into macro-financial models and its interaction with liquidity. Besides covering the historical development and current stance of financial regulation, the book includes a number of policy-oriented chapters revealing how the authors' modeling approach can improve the process. This authoritative book will serve as a basis for future work on financial stability management for both academics and policy makers and provide guidance on how to undertake crisis prevention and resolution.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	April 2012
Authors:	Charles A.E. Goodhart • Dimitrios P. Tsomocos
Dimensions:	234 x 156 x 35mm (L x W x T)
Format:	Hardcover
Pages:	552
ISBN-13:	978-1-84720-893-4
Categories:	Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > General Books > Money & Finance > Public finance > General
LSN:	1-84720-893-2
Barcode:	9781847208934

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