This book is a review on the economic theories of systemic risks in the financial market and the topics in constructing the macroprudential framework for banking regulation in the future. It explains the reasons why the traditional microprudential regulatory framework missed its target in stabilizing the market and preventing the crisis, and discusses the principles and instruments for designing macroprudential rules.
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Part 1: IntroductionPart 2: Externilities, Network Effects, and Systemic Risks 1. Unstable Banking 2. Financial Network, Interconnectedness, and Contagion 3. Endogenous Exposure to Systemic Liquidity Risks 4. Financial Complexity and Systemic Risk 5. Leverage and Leverage Cycle 6. Micro Fragility and Macro Stability Part 3: Topics in Macroprodential Regulation 7. From Microprudential to Macroprudential Regulation 8. Liquidity Regulation and the Lender of Last Resort Policy 9. Capital Requirements and Equity Buffer
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Produktdetaljer

ISBN
9780415607803
Publisert
2012-01-16
Utgiver
Vendor
Routledge
Vekt
480 gr
Høyde
234 mm
Bredde
156 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
240

Forfatter

Biographical note

Jin Cao is an Advisor at the Research Department of the Financial Stability Wing of Norges Bank, Oslo, Norway.