Volatility: Prudential Regulation, Standards and Codes

Liliana Rojas-Suarez

Chapter 4 in Macroeconomic Volatility, Institutions and Financial Architectures, 2008, pp 73-100 from Palgrave Macmillan

Abstract: Abstract Since the early 1990s, policymakers’ decisions and concerns on the appropriate design for financial regulation in developing countries have been guided by two related findings. The first is that empirical analysis has joined theoretical research in establishing an important correlation between financial deepening and economic growth.1 The second is the mounting evidence that the costs, in terms of output losses, of dealing with systemic financial crises are huge.2 Taking these two results together it is not surprising to observe important efforts made by financial regulators in developing countries, and their international advisers from multilateral organizations, to develop policies and regulations aimed at both preventing the eruption of financial crises and contributing to the depth of financial markets.

Keywords: International Monetary Fund; Credit Risk; Real Interest Rate; Capital Requirement; Capital Adequacy (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59018-2_4

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DOI: 10.1057/9780230590182_4

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