Macro-prudential Regulation and the New Road to Financial Stability: Looking through Darwin's Glasses

Charles Taylor
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Charles Taylor: The Pew Charitable Trusts, Philadelphia, PA

Working Papers from University of Pennsylvania, Wharton School, Weiss Center

Abstract: Evolutionary theory can provide insights into systemic instability - its causes, what to watch for and what to do about it. It is a big enough tent to accommodate several other theories and insights about systemic stability. And because it is comprehensive and deep, it may help us pick up signals of future instability rather than just explanations of what went wrong in the past.

Date: 2010-09
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:upafin:11-16

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