Systemic Risk Crises and Macroprudential Regulation

This book offers a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation.

Systemic Risk  Crises  and Macroprudential Regulation

A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness of existing macroprudential regulation. 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.

More Books:

Systemic Risk, Crises, and Macroprudential Regulation
Language: en
Pages: 488
Authors: Xavier Freixas, Luc Laeven, Jose-Luis Peydro
Categories: Business & Economics
Type: BOOK - Published: 2015-06-19 - Publisher: MIT Press

A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness of existing macroprudential regulation. 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.
Systemic Risk and Macroprudential Regulations
Language: en
Pages: 508
Authors: Rabi N. Mishra
Categories: Business & Economics
Type: BOOK - Published: 2019-09-01 - Publisher: SAGE Publications India

The Global Financial Crisis is undoubtedly the most severe financial crisis the world witnessed since the Great Depression of 1929. The crisis has been analysed by a number of experts offering distinct narratives and counter-narratives. Systemic Risk and Macroprudential Regulations examines causes and consequences of the global financial crisis and
Systemic Risk: History, Measurement And Regulation
Language: en
Pages: 196
Authors: Kreis Yvonne, Leisen Dietmar, Ponce Jorge
Categories: Business & Economics
Type: BOOK - Published: 2019-06-04 - Publisher: World Scientific

Systemic Risk: History, Measurement and Regulation presents an overview of this emerging form of risk from a global perspective. Systemic risks endanger entire financial systems, not just individual financial institutions. In this volume, the authors review how systemic risk has evolved over the last 40 years across continents to come
Essays on the Financial Crisis and Macroprudential Regulation
Language: en
Pages:
Authors: Linda Kirschner
Categories: Business & Economics
Type: BOOK - Published: 2020 - Publisher:

The financial crisis was, at its core, a banking crisis, which affected the real economy through a rapid reduction in credit supply. This dissertation combines three essays on policy changes after the financial crisis. The first two chapters focus on regulatory rules proposed to avoid future credit crunches and the
Macroprudential Regulatory Policies
Language: en
Pages: 420
Authors: Stijn Claessens
Categories: Banking law
Type: BOOK - Published: 2012 - Publisher: World Scientific

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.