A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness

A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness

The recent financial crisis has shattered all standard approaches to banking regulation. Regulators now recognize that banking regulation cannot be simply based

Emphasizes 'systemic risk' as the new-found villain of the financial space and how macroprudential tools can aid in risk management

The 2008 global financial crisis brought the world's economy closer to collapse than ever before. Has enough been done to prevent another crisis?