The International Financial Crisis:Have the Rules of Finance Changed?

Edited by Asli Demirguc-Kunt, Douglas Evanoff and George G Kaufman

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

Abstract: The recent global financial crisis has caused massive upheavals worldwide. The papers in this volume analyze whether financial principles seem to have shifted in recent years, and what that may mean for international financial markets and regulation. What “broke” in the current crisis? Is there no “playbook” on how to respond to systemic crises? What is the optimal role of the state in dealing with crises? How should asset bubbles be addressed in the future? Do we need a major overhaul of governance in the industry? What means exist to address systemic crises? What reforms are needed? These and related issues are discussed by an impressive list of well-known scholars, policymakers and practitioners, with an emphasis on the implications for public policy.

Keywords: Financial Crisis; Financial Regulation; International Banking; Financial Regulatory Reform (search for similar items in EconPapers)
Date: 2011
ISBN: 9789814322089
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/worldscibooks/10.1142/7865 (text/html)
Ebook Access is available upon purchase

Chapters in this book:

Ch 1 The International Financial Crisis: Asset Price Exuberance and Macroprudential Regulation , pp 3-13

Charles Evans

Ch 2 Back from the Brink , pp 15-29

Christina D. Romer

Ch 3 Getting the New Regulatory Framework Just Right: Six Questions for Policymakers , pp 31-37

José Viñals

Ch 4 Longer Days, Fewer Weekends , pp 39-46

Kevin M. Warsh

Ch 5 Banking Regulation: Changing the Rules of the Game , pp 47-55

Philipp M. Hildebrand

Ch 6 The Causes of the Financial Crisis and the Impact of Raising Capital Requirements , pp 59-71

Martin Neil Baily and Douglas J. Elliott

Ch 7 Origins of the Subprime Crisis , pp 73-91

Charles W. Calomiris

Ch 8 The Role of the Financial Sector in the Great Recession , pp 93-116

Michael Mussa

Ch 9 What Broke? The Root Causes of the Crisis , pp 117-123

Edwin Truman

Ch 10 Regulating Systemic Risk , pp 127-153

Masahiro Kawai and Michael Pomerleano

Ch 11 Dealing with the Crises in a Globalized World: Challenges and Solutions , pp 155-159

Vincent R. Reinhart

Ch 12 Systemic Risk: Is There a Playbook? , pp 161-165

Robert K. Steel

Ch 13 Banking on the State , pp 169-195

Piergiorgio Alessandri and Andrew G. Haldane

Ch 14 Liquidity Risk and Central Bank Actions During the 2007–2009 Crisis , pp 197-212

Francesco Papadia and Tuomas Välimäki

Ch 15 The Role of the State in a Crisis , pp 213-225

Phillip L. Swagel

Ch 16 Comments: Panel on the Role of the State , pp 227-233

Peter J. Wallison

Ch 17 Financial Instability and Macroeconomics: Bridging the Gulf , pp 237-268

Claudio Borio and Mathias Drehmann

Ch 18 Is a Less Procyclical Financial System an Achievable Goal? , pp 269-287

Charles A. E. Goodhart

Ch 19 Bubbles? , pp 289-293

Allan Meltzer

Ch 20 What to Do About Bubbles: Monetary Policy and Macroprudential Regulation , pp 295-301

Marvin Goodfriend

Ch 21 Dealing with Crises in a Globalized World: Challenges and Solutions , pp 305-314

Athanasios Orphanides

Ch 22 Global Financial Reform: Diagnosis and Prognosis — A Network Approach , pp 315-324

Andrew L. T. Sheng

Ch 23 Dealing with Cross-Border Bank Distress: Some Specific Options for Reform , pp 325-338

Stijn Claessens

Ch 24 Making Safety-Net Managers Accountable for Safety-Net Subsidies , pp 341-357

Edward Kane

Ch 25 Regulatory Governance and Agency Design: An Old Topic, Made Extra Relevant by the Financial Crisis , pp 359-370

Michael Klein

Ch 26 The Sentinel: Improving the Governance of Financial Policies , pp 371-385

Ross Levine

Ch 27 Holding Regulators and Government More Accountable: Comments , pp 387-393

R. Christopher Whalen

Ch 28 Status Quo? I Hardly Think So , pp 397-402

Wayne A. Abernathy

Ch 29 Where Do We Go from Here? , pp 403-410

Anil K Kashyap

Ch 30 Suggested Financial Structure for Developing Countries , pp 411-414

Justin Lin

Ch 31 Comments on “Where Do We Go from Here?” , pp 415-419

Deborah Lucas

Ch 32 Where to from Here? Have the Rules of Finance Changed? , pp 421-424

John Silvia

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wsbook:7865

Ordering information: This item can be ordered from

Access Statistics for this book

More books in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().