The Fundamental Principles of Financial Regulation

The Editors

, 02 July 2009

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Today's financial regulatory systems assume that regulations which make individual banks safe also make the financial system safe. The eleventh Geneva Report on the World Economy shows that this thinking is flawed. What is needed is micro-prudential (i.e. bank-level) regulation, macro-prudential (i.e. system-wide) regulation, and careful coordination of the two.

 

URL:  http://www.cepr.org/pubs/books/CEPR/booklist.asp?cvno=P197

Topics:  Financial markets

Tags:  financial regulation, international financial crisis

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