Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.

Analytical background -- Nature of systemic risk -- Who should be regulated (by whom) -- Counter-cyclical regulation -- Regulation of liquidity and maturity mis

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered a

'In this very nice volume reputed academics and central bankers discuss recent regulatory reforms in financial governance from a political economy perspective.

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and