Global Financial Reform: Diagnosis and Prognosis — A Network Approach

Andrew L. T. Sheng
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Andrew L. T. Sheng: China Banking Regulatory Commission, Germany

Chapter 22 in The International Financial Crisis:Have the Rules of Finance Changed?, 2011, pp 315-324 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionDiagnosis — This Is a Network CrisisWhy did we not see this?Damage Control — How Do We Exit from a Massively Distorted System Under ZIRP ?Loss Allocation — Essentially, Future Generations and Mother Earth Bear the LossesChanging the Incentives — Moral Hazard Is Directly Related to Leverage, so Controlling Overall Leverage Will Keep the System StableConcluding ThoughtsReferences

Keywords: Financial Crisis; Financial Regulation; International Banking; Financial Regulatory Reform (search for similar items in EconPapers)
Date: 2011
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