{"product_id":"systemic-risk-crises-and-macroprudential-regulation-paperback","title":"Systemic Risk, Crises, and Macroprudential Regulation - Paperback","description":"\u003cp\u003eby \u003cb\u003eXavier Freixas\u003c\/b\u003e (Author), \u003cb\u003eLuc Laeven\u003c\/b\u003e (Author), \u003cb\u003eJose-Luis Peydro\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness of existing macroprudential regulation.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe recent financial crisis has shattered all standard approaches to banking regulation. Regulators now recognize that banking regulation cannot be simply based on individual financial institutions' risks. Instead, systemic risk and macroprudential regulation have come to the forefront of the new regulatory paradigm. Yet our knowledge of these two core aspects of regulation is still limited and fragmented. This book offers a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation. It defines systemic risk and macroprudential policy, cutting through the generalized confusion as to their meaning; contrasts macroprudential to microprudential approaches; discusses the interaction of macroprudential policy with macroeconomic policy (monetary policy in particular); and describes macroprudential tools and experiences with macroprudential regulation around the world. \u003cp\u003e\u003c\/p\u003eThe book also considers the remaining challenges for establishing effective macroprudential policy and broader issues in regulatory reform. These include the optimal size and structure of the financial system, the multiplicity of regulatory bodies in the United States, the supervision of cross-border financial institutions, and the need for international cooperation on macroprudential policies.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eXavier Freixas is Emeritus Professor at Universitat Pompeu Fabra in Barcelona and Research Fellow at CEPR. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eLuc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of \u003ci\u003eDeposit Insurance around the World \u003c\/i\u003e(MIT Press). \u003cp\u003e\u003c\/p\u003eJosé-Luis Peydró is ICREA Research Professor at the Universitat Pompeu Fabra.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 488\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.09 x 9 x 6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e August 22, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42705421631551,"sku":"9780262549011","price":140.4,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/bf50bfc351c3af306a09ee1dd6dca327.webp?v=1765036700","url":"https:\/\/dhlswag.com\/products\/systemic-risk-crises-and-macroprudential-regulation-paperback","provider":"BBB","version":"1.0","type":"link"}