The International Financial Crisis: Have the Rules of Finance Changed?
World Scientific Studies in International Economics, Vol. 14
1 Pages Posted: 4 Apr 2011
Date Written: January 27, 2011
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
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