Financial Reform after the Crisis: An Early Assessment

Veron, Nicolas

Financial Reform after the Crisis: An Early Assessment

No WP12-2, Working Paper Series from Peterson Institute for International Economics

Abstract: This working paper aims to take stock of global efforts towards financial reform since the start of the financial crisis in 2007–08 and to provide a synthetic (if simplified) picture of their status as of January 2012. Underlying dynamics are described and analyzed both at the global level (particularly G-20, International Monetary Fund, and the Financial Stability Board) and in individual jurisdictions, as well as the impact the crisis has had on these regions. The possible next steps of financial reform are then reviewed, including: the ongoing crisis management in Europe, the new emphasis on macroprudential approaches, the challenges posed by globally integrated financial firms, the implementation of harmonized global standards, and the links between financial systems and growth.

Keywords: banks; financial regulation; global financial crisis; global governance; international standards (search for similar items in EconPapers)
JEL-codes: F02 G15 G28 G32 G38 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-cwa and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Working Paper: Financial reform after the crisis- an early assessment (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:iie:wpaper:wp12-2

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