【2015】Systemic Risk, Crises, and Macroprudential Regulation
Book 图书名称:Systemic Risk, Crises, and Macroprudential Regulation
Author 作者: Xavier Freixas, Luc Laeven, José-Luis Peydró
Publisher 出版社: The MIT Press
Page 页数:488
Publishing Date 出版时间: Jun 19, 2015
Language 语言: English
Size 大小: 2 MB
Format 格式: pdf 文字版
ISBN:0262028697, 9780262028691
Edition: 第1版 搜索过论坛,没有该文档
The recent financial crisis has shattered all standard approaches to banking regulation. Regulators now recognize that banking regulation cannot be simply based on individual financial institutions' risks. Instead, systemic risk and macroprudential regulation have come to the forefront of the new regulatory paradigm. Yet our knowledge of these two core aspects of regulation is still limited and fragmented. This book offers a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation. It defines systemic risk and macroprudential policy, cutting through the generalized confusion as to their meaning; contrasts macroprudential to microprudential approaches; discusses the interaction of macroprudential policy with macroeconomic policy (monetary policy in particular); and describes macroprudential tools and experiences with macroprudential regulation around the world.
The book also considers the remaining challenges for establishing effective macroprudential policy and broader issues in regulatory reform. These include the optimal size and structure of the financial system, the multiplicity of regulatory bodies in the United States, the supervision of cross-border financial institutions, and the need for international cooperation on macroprudential policies.