Achieving Financial Stability Challenges To Prudential Regulation
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Achieving Financial Stability: Challenges To Prudential Regulation
Author: Douglas D Evanoff
language: en
Publisher: World Scientific
Release Date: 2017-09-22
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:
New Paradigms for Financial Regulation
Author: Masahiro Kawai
language: en
Publisher: Bloomsbury Publishing PLC
Release Date: 2013
The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, New Paradigms for Financial Regulation develops new analytical frameworks and provides policy prescriptions for how the frameworks should be adapted to a world of more free and more volatile capital. This volume provides an overview of the global regulatory landscape from the perspective of Asian emerging markets. The contributors discuss the many challenges ahead in developing sound and flexible financial regulatory systems for emerging market economies. The challenges are heightened by the rising integration of these economies into global trade and finance, the growing sophistication of their financial systems as globalization and emergence processes accelerate, and their potential vulnerability to instability arising from the financial markets in the advanced economies. The contributors provide guidance about pitfalls to be avoided, general principles that should guide the creation of sound regulatory systems, and valuable analytic perspectives about how to continue to broaden the financial sector and innovate while still maintaining financial and macroeconomic stability.
International Financial Instability
Author: Douglas Darrell Evanoff
language: en
Publisher: World Scientific
Release Date: 2007
Proceedings of a conference held at the Federal Reserve Bank of Chicago, Oct. 5-6, 2006.