Download the fantastic book titled The Regulatory Responses to the Global Financial Crisis written by Mr.Stijn Claessens, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "The Regulatory Responses to the Global Financial Crisis", which was released on 14 March 2014. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of The Regulatory Responses to the Global Financial Crisis by Mr.Stijn Claessens PDF
We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into regulations agents’ incentives so as to align them better with societies’ goals; and acknowledging that risks of crises will always remain, in part due to (unknown) unknowns – be they tipping points, fault lines, or spillovers. Corresponding to these three tenets, specific areas for further reforms are identified. Policy makers need to resist, however, fine-tuning regulations: a “do not harm” approach is often preferable. And as risks will remain, crisis management needs to be made an integral part of system design, not relegated to improvisation after the fact.
Detail About The Regulatory Responses to the Global Financial Crisis PDF
- Author : Mr.Stijn Claessens
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 39 pages
- ISBN : 148433597X
- Release Date : 14 March 2014
- PDF File Size : 28,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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