Macro-Prudential Regulation

This is not the first international banking crisis the world has seen. The previous ones occurred without credit default swaps, special investment vehicles, or even credit ratings. If crises keep repeating themselves, it seems reasonable to argue that policy makers need to carefully consider what they are doing and not just 'double up' by superficially reacting to the specific features of today's crisis. While we cannot to prevent crises, we can perhaps make them fewer and milder by adopting and implementing better regulation in particular, more macro-prudential regulation.

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Bibliographic Details
Main Author: Persaud, Avinash
Language:English
Published: World Bank, Washington, DC 2009-07
Subjects:ACCOUNTING, ACCOUNTING FRAMEWORK, ACCOUNTING STANDARDS, AMOUNT OF CAPITAL, APPETITE FOR RISK, ASSET PRICE, ASSET PRICES, ASSET VALUES, BALANCE SHEETS, BANK ASSETS, BANK FOR INTERNATIONAL SETTLEMENTS, BANK PROFITABILITY, BANK PROFITS, BANKING CRISIS, BANKING INSTITUTIONS, BANKING REGULATION, BANKING SUPERVISION, BANKING SYSTEM, BANKS, BARRIER, BOND, BOOM-BUST CYCLES, BUFFER, BUFFERS, CAPITAL ADEQUACY, CAPITAL REQUIREMENTS, CENTRAL BANK, CENTRAL BANKS, COMPLEX RISK, CONFLICTS OF INTEREST, CREDIT DEFAULT, CREDIT DEFAULT SWAPS, CREDIT QUALITY, CREDIT RATINGS, CREDIT RISK, CREDIT RISKS, CREDIT SPREADS, CURRENCY, CURRENCY MARKETS, DEPOSITS, DISCOUNTED PRESENT VALUE, DIVERSIFIED PORTFOLIOS, ECONOMIC POLICY, EMERGING ECONOMIES, EMERGING-MARKET, EXCHANGE RATES, EXPOSURE, EXPOSURES, EXTERNALITIES, FEDERAL RESERVE, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL PRODUCTS, FINANCIAL REFORM, FINANCIAL REFORMS, FINANCIAL REGULATION, FINANCIAL RISKS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FIXED COSTS, FORCED SALES, FOREIGN BANKS, FRAUD, FUTURE EARNINGS, GLOBAL BANKING, GLOBAL FINANCE, HOLDING, HOME COUNTRY, HOST COUNTRY, ILLIQUID ASSETS, INFLATION, INFLATION TARGET, INSTRUMENT, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANKING, INTERNATIONAL FINANCE, INVESTMENT VEHICLES, JURISDICTIONS, LEVERAGE, LIQUIDITY, LIQUIDITY CONDITIONS, LIQUIDITY CRISIS, LIQUIDITY PROBLEM, LIQUIDITY RISK, LOAN, MARK-TO-MARKET, MARK-TO-MARKET ACCOUNTING, MARKET DISCIPLINE, MARKET PARTICIPANTS, MARKET PRICE, MARKET PRICES, MARKET RISK, MARKET VALUATION, MARKET VOLATILITY, MATURITY, MATURITY MISMATCHES, MONETARY POLICY, MONEY MARKET, MONEY MARKETS, MORTGAGE, MORTGAGES, PERIODS OF STRESS, POLICY RESPONSE, POLICY RESPONSES, PRICE VOLATILITY, PRIVATE SECTOR DEVELOPMENT, PROFITABILITY, PRUDENTIAL REGULATION, PUBLIC POLICY, REGULATOR, REGULATORS, RESERVE, RESERVE REQUIREMENTS, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, RISK TAKING, SALES OF ASSETS, SECURITIZATION, SETTLEMENT, SETTLEMENT SYSTEMS, STOCK MARKETS, STRUCTURAL REFORMS, SUBSIDIARIES, SYSTEMIC RISK, SYSTEMIC RISKS, TAX, TERM DEPOSITS, TRANSPARENCY, UNCERTAINTY, VALUATION, VALUATIONS, WEIGHTS, WORLD ECONOMY,
Online Access:http://documents.worldbank.org/curated/en/2009/07/11077602/macro-prudential-regulation
https://hdl.handle.net/10986/10243
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