The Fundamental Principles of Financial Regulation

The Fundamental Principles of Financial Regulation
ISBN-10
0955700973
ISBN-13
9780955700972
Category
Business & Economics / Economics / General
Pages
110
Language
English
Published
2009
Publisher
Centre for Economic Policy Research
Authors
Charles Albert Eric Goodhart, Avinash Persaud, Andrew Crockett

Description

"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 this 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."--P. xvi.

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