The International Financial Crisis: Have the Rules of Finance Changed?

World Scientific Studies in International Economics, Vol. 14

1 Pages Posted: 4 Apr 2011

See all articles by George G. Kaufman

George G. Kaufman

Loyola University Chicago

Douglas D. Evanoff

Federal Reserve Bank of Chicago

Asli Demirgüç-Kunt

World Bank

Date Written: January 27, 2011

Abstract

The recent global financial crisis has caused massive upheavals worldwide. The papers in this volume analyze whether financial principles seem to have shifted in recent years, and what that may mean for international financial markets and regulation. What “broke” in the current crisis? Is there no “playbook” on how to respond to systemic crises? What is the optimal role of the state in dealing with crises? How should asset bubbles be addressed in the future? Do we need a major overhaul of governance in the industry? What means exist to address systemic crises? What reforms are needed? These and related issues are discussed by an impressive list of well-known scholars, policymakers and practitioners, with an emphasis on the implications for public policy.

Keywords: Financial Crisis, Financial Regulation, International Banking, Financial Regulatory Reform

Suggested Citation

Kaufman, George G. and Evanoff, Douglas D. and Demirgüç-Kunt, Asli, The International Financial Crisis: Have the Rules of Finance Changed? (January 27, 2011). World Scientific Studies in International Economics, Vol. 14, Available at SSRN: https://ssrn.com/abstract=1797525

George G. Kaufman

Loyola University Chicago ( email )

820 North Michigan Avenue
School of Business
Chicago, IL 60611
United States
312-915-7075 (Phone)
312-915-8508 (Fax)

HOME PAGE: http://www.luc.edu/faculty/gkaufma/

Douglas D. Evanoff (Contact Author)

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States
312-322-5814 (Phone)

Asli Demirgüç-Kunt

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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