Dealing with Cross-Border Bank Distress: Some Specific Options for Reform

Stijn Claessens ()

Chapter 23 in The International Financial Crisis:Have the Rules of Finance Changed?, 2011, pp 325-338 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Global Financial Crisis and Cross-Border BankingCurrent Approach and Reform OptionsCurrent approachFirst-best option: a world financial regulatorSecond-best option: international bank charterA third-best option: decentralized but converged approachAnother third-best option: enhanced coordination, including through collegesFourth-best option: nationally segmented financial institutionsConclusionsReferences

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