Systemic Risk and Macroprudential Regulations

Global Financial Crisis and Thereafter
1. Auflage 2019
ISBN: 978-93-5328-912-6
Verlag: SAGE Publications

Buch, Englisch, 508 Seiten, Format (B × H): 140 mm x 216 mm, Gewicht: 640 g

The Global Financial Crisis is undoubtedly the most severe financial crisis the world witnessed since the Great Depression of 1929. The crisis has been analysed by a number of experts offering distinct narratives and counter-narratives.

Systemic Risk and Macroprudential Regulations examines causes and consequences of the global financial crisis and proposes a regulatory reforms policy—macroprudential regulations. The book emphasizes ‘systemic risk’ as the new-found villain of the financial space and narrates how such risk can be addressed through macroprudential tools. It, thus, offers a possible solution to avoid financial crises in future and facilitates building a safer financial system globally. The book also examines major crisis management frameworks, stress testing, relevant regulatory and supervisory development, and early warning mechanism with detailed cross-country analysis.

Autoren/Hrsg.

Mishra, Rabi N.

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines

Inhaltsverzeichnis

Foreword by Benjamin M. Friedman
Preface
Introduction
Part I: Post-crisis Financial Regulatory Reform
Strengthening Capital and Liquidity Requirements
Regulatory Framework Beyond Capital and Liquidity
Part II: Managing Systemic Risk through Macroprudential Policy
Macroprudential Policy
Early Warning Systems
Stress Testing Programme
Tools for Macroprudential Policy
Part III: Managing Financial Crisis
Financial Crisis Management Framework
Part IV- Coordination in International Policymaking
Dynamics of International Policy Coordination
New Approaches to International Policy Coordination
Macrofinancial Policy Coordination in the Current Milieu
Epilogue: Potential Concerns for Central Banks
Index

Über Autor(innen)

Mishra, Rabi N.
Rabi N. Mishra is an Economist by education and a Senior Financial Sector Risk Specialist by profession.

A central banker for more than three decades, he is currently the Executive Director of the Reserve Bank of India (RBI), India’s central bank. Previously, he was the Principal Chief General Manager of Risk Monitoring Department of RBI, Mumbai, and head of the Reserve Bank Staff College, training institute of senior central banking professionals of the RBI, Chennai. Dr Mishra was the head of Financial Stability Unit at the RBI and served as head of the RBI in two states: Jharkhand and Uttar Pradesh. He has professional expertise in bank regulation/supervision, financial stability, macrofinancial surveillance and risk mitigating mechanics in banking and central banks.

He completed his MA in Monetary/Financial Economics from Jawaharlal Nehru University (MA) and was a Research scholar at Delhi School of Economics. Dr Mishra earned his PhD from University of Mumbai. He has done post doctorate from the Economics Department of Harvard University. He has written many research papers of topical policy relevance and has spoken in reputed international platforms on areas of monetary economics, banking, financial stability and risk management.

He is an awardee of the Golden Jubilee Scholarship of the RBI and the Diamond Jubilee Fellowship of Indian Institute of Banking and Finance (IIBF). He has authored a book on asset securitization. Dr Mishra can be contacted at [e-mail]