Achieving Financial Stability:Challenges to Prudential Regulation

Edited by Douglas Evanoff, George G Kaufman, Agnese Leonello and Simone Manganelli

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: The Great Financial Crisis of 2007–2010 exposed the existence of significant imperfections in the financial regulatory framework that encouraged excessive risk-taking and increased system vulnerabilities. The resulting high cost of the crisis in terms of lost aggregate income and wealth, and increased unemployment has reinforced the need to improve financial stability within and across countries via changes in traditional microprudential regulation, as well as the introduction of new macroprudential regulations. Amongst the questions raised are:

Keywords: Money and Banking; International Banking; Financial Instititions; Banks; Regulations; Compliance; Financial Crisis; Great Financial Crisis 2008; Microprudential; Macroprudential; Financial Stability (search for similar items in EconPapers)
JEL-codes: E50 (search for similar items in EconPapers)
Date: 2017
ISBN: 9789813223394
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Chapters in this book:

Ch 1 Challenges for Future Monetary Policy Frameworks: A European Perspective , pp 3-12

Vítor Constancio

Ch 2 Income Inequality: The Battlefield Casualty of Post-crisis Financial Policy , pp 13-24

Karen Shaw Petrou

Ch 3 A Practical Case for Rules-based Macroprudential Policy , pp 25-36

Adam Posen

Ch 4 Evolving Micro- and Macroprudential Regulations in the United States: A Primer , pp 39-53

Diana Hancock

Ch 5 The Regulatory Response to the Sovereign-Bank Nexus , pp 55-61

Luc Laeven

Ch 6 Japan’s Regulatory Responses to Banking Crisis , pp 63-77

Masami Imai

Ch 7 The Costs and Benefits of Bank Capital Requirements , pp 79-90

Gianni De Nicolò

Ch 8 Capital Regulation: How Much Capital is Needed? , pp 93-102

Mark Carey

Ch 9 CoCos: A Promising Idea Poorly Executed , pp 103-120

Richard J. Herring

Ch 10 Capital Regulation: Lessons from a Macroeconomic Model , pp 121-131

Caterina Mendicino, Kalin Nikolov and Dominik Supera

Ch 11 How Should Bank Liquidity be Regulated? , pp 135-157

Franklin Allen and Douglas Gale

Ch 12 How Do We Figure Out Optimal Liquidity Regulation? , pp 159-171

Douglas W. Diamond and Anil Kashyap

Ch 13 The Interplay Between Liquidity Regulation, Monetary Policy Implementation and Financial Stability , pp 173-193

Todd Keister

Ch 14 Liquidity and Capital: Substitutes or Complements? , pp 195-205

Marie Hoerova

Ch 15 An Incentive Theory of Counterparty Risk, Margins, and CCP Design , pp 209-224

Florian Heider

Ch 16 Monitoring CCP Exposure, in Real Time if Needed , pp 225-235

Albert Menkveld

Ch 17 Innovation & Regulation: Some Preliminary Observations , pp 239-248

Michael S. Barr

Ch 18 Financial Innovation and Regulation , pp 249-259

Thorsten Beck

Ch 19 Thoughts about Financial Innovation , pp 261-277

Josh Lerner and Peter Tufano

Ch 20 How Technological Innovation Will Reshape Financial Regulation , pp 279-291

Carmelo Salleo

Ch 21 Bail-in-able Debt and Fragility , pp 295-304

Russell Cooper

Ch 22 Government Guarantees to Financial Institutions: Banks’ Incentives and Fiscal Sustainability , pp 305-315

Agnese Leonello

Ch 23 The Unconvertible CoCo Bonds , pp 317-329

Paul Glasserman and Enrico Perotti

Ch 24 The Macroprudential Toolkit , pp 333-352

Richard Berner

Ch 25 The Great Financial Crisis and its Aftermath: A Perspective from Asia , pp 353-360

Hans Genberg

Ch 26 Regulatory Reform: Where to from Here? , pp 361-366

Xavier Vives

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