Publication: Macro-Prudential Regulation

Thumbnail Image
Files in English
English PDF (98.72 KB)
1,416 downloads

English Text (44.44 KB)
167 downloads
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.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Citations