Books > Business & Economics > Economics > International economics > International finance
|
Buy Now
Macroprudential Regulatory Policies: The New Road To Financial Stability? (Hardcover)
Loot Price: R4,059
Discovery Miles 40 590
|
|
Macroprudential Regulatory Policies: The New Road To Financial Stability? (Hardcover)
Series: World Scientific Studies in International Economics, 17
Expected to ship within 10 - 15 working days
|
This book is a collection of papers presented in the conference
held at the Federal Reserve Bank of Chicago in September 2010, that
examines the role of macroprudential regulation in the financial
industry. Shocked by the experience of the last few years, many
argue that the more traditional microprudential regulatory tools
are inadequate to create a safe and stable financial system. The
microprudential paradigm relies on the presumption that the
financial system as a whole can be made safe by ensuring individual
financial institutions are made safe. This ignores interconnections
and externalities, whereby the actions of one financial institution
or events in financial markets can lead to spillover effects that
adversely affect general market conditions, other financial
institutions, and ultimately the economy as a whole. Instead, it is
argued, there is a need for both microprudential approaches to
regulate individual institutions and macroprudential approaches to
manage the overall financial system risks.Conference participants
discussed macroprudential regulation and related issues, including:
What are the theoretical motivations for macroprudential
regulation? How would it interact with other regulatory and
macroeconomic policies, especially monetary policy? What would be
the specific macroprudential tools? Who should have control over
the macroprudential tools? How should a macroprudential regulator
be structured? Where should it be housed? How can macroprudential
policies be structured across national borders? What role, if any,
can market discipline play in supporting macroprudential
objectives?Concentrating on public policy issues, the conference
featured keynote addresses by influential past and present public
policy figures including: Paul Volcker, Chairman of the US
President's Economic Recovery Advisory Board and former Chairman of
the Federal Reserve System; Tommaso Padoa-Schioppa, Chairman,
Promontory Financial Group Europe and Former Chairman of the Basel
Committee on Banking Supervision; Jaime Caruana, General Manager of
the Bank for International Settlements and Former Chairman of the
Basel Committee on Banking Supervision; and Charles Taylor,
Director of the Pew Charitable Trust Financial Reform Project and
Former Executive Director of the Group of Thirty.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.