Keep it Simple: Policy Responses to the Financial Crisis
- ISBN-10
- 9290798637
- ISBN-13
- 9789290798637
- Series
- Keep It Simple
- Category
- Business & Economics
- Pages
- 96
- Language
- English
- Published
- 2009
- Publisher
- CEPS
- Authors
- Stefano Micossi, Carmine Di Noia
Description
How can the world avoid repetition of the catastrophic financial instability currently plaguing the global economy? With the aim of restoring a strong framework for economic governance, this study proposes new rules of the game--imposed through the Group of 20 and the IMF--for the macroeconomic and exchange rate policies of the main players, including the United States. The authors advocate stricter prudential rules for banks, centered around the introduction of a simple leverage ratio calculated with reference to total assets, with no exemptions or risk mitigation. The book warns against the risk of a massive wave of new regulation that is not needed and might cripple capital markets for years, calling instead for a simplification and a better enforcement of rules. In short, the message, as reflected in the title, is: "Keep it simple."
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Other editions
-
- 2018-11-06
- 28 pages
- Ebook
- Sourcebooks, Inc.
-
- 2018-11
- 128 pages
- Paperback
- Ignite Reads
-
- 2018-09
- 144 pages
- Ebook
- Bridge Logos Inc
-
- 2017-09-11
- 38 pages
- Paperback
- Createspace Independent Publishing Platform
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