xxiii, 110 pages : illustrations ; 25 cm.
Geneva reports on the world economy ; 11.
"Today's financial regulatory systems assume that regulations which make individual banks safe also make the financial system safe. The eleventh Geneva Report on the World Economy shows that that thinking is flawed. Actions that banks take to make themselves safer can - in times of crisis - undermine the system's stability. The Report argues for a different approach" -- xvi.
Bibliography, etc. Note
Includes bibliographical references (pages 108-110).
Formatted Contents Note
Analytical background Nature of systemic risk Who should be regulated (by whom) Counter-cyclical regulation Regulation of liquidity and maturity mismatches Other regulatory issues The structure of regulation Conclusions Appendix: the boundary problem in financial regulation Discussion and roundtables.
K1066 .F86 2009
Geneva : International Center for Monetary and Banking Studies ; London : Centre for Economic Policy Research,