Threats to International Financial Stability

Erscheinungsjahr 2009
ISBN: 978-0-521-34789-1
Verlag: Cambridge University Press

Buch, Englisch, 328 Seiten, Paperback, Format (B × H): 152 mm x 229 mm, Gewicht: 534 g

This volume, based on conference organized by the International Center for Monetary and Banking Studies in association with the Centre for Economic Policy Research, brings together a leading group of economists, financial theorists, policy-makers and bankers to analyse threats to international financial stability. The potential fragility of the international financial and monetary system has been highlighted by recent international debt crises as well as by rapid financial innovation and important regulatory changes. The book examines the anatomy and propagation of international financial crises, assesses the adequacy of current regulatory and supervisory practices, and suggests measures that would help to avoid or contain financial crises. the papers, written by academics, are discussed by leading bank supervisors and regulators and by central and private bankers. The volume offers a unique combination of analytical rigour and practical relevance and will interest all those concerned with the stability of the international financial system.

Autoren/Hrsg.

Portes, Richard

Portes

Portes, R.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

Introduction Richard Portes and Alexander K. Swoboda; 1. The anatomy of financial crises Barry Eichengreen and Richard Portes; 2. The role of public policy in ensuring financial stability: a cross-country, comparative perspective Ernst Baltensperger and Jean Dermine; 3. The design of bank regulation and supervision: some lessons from the theory of finance Stephen M. Schaefer; 4. Competitive financial reregulation: an international perspective Edward J. Kane; 5. Emergency liquidity assistance for international banks Jack Guttentag and Richard Herring; 6. The interbank market, contagion effects and international financial crises Anthony Saunders; 7. Public policy and international financial stability: a report of the conference discussion and panel Joan Pearce; 8. Policy and financial innovation: will there be a switch from deregulation to reregulation? Markus Lusser; Appendix Robert F. Gemmill; Index.