Publication: Macro-Prudential Regulation
Date
2009-07
ISSN
Published
2009-07
Author(s)
Persaud, Avinash
Abstract
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.
Citation
“Persaud, Avinash. 2009. Macro-Prudential Regulation. Crisis Response Note; No. 6. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/9edf0cab-8ab8-5be9-a1f5-c06f92c0eb15 License: CC BY 3.0 IGO.”