1.

Record Nr.

UNINA9910807301303321

Autore

Freixas Xavier

Titolo

Systemic risk, crises, and macroprudential regulation / / Xavier Freixas, Luc Laeven, and José-Luis Peydró

Pubbl/distr/stampa

Cambridge, Massachusetts : , : The MIT Press, , [2015]

©2015

ISBN

0-262-32861-5

0-262-32860-7

Edizione

[1st ed.]

Descrizione fisica

1 online resource (472 p.) : illustrations, charts

Disciplina

339.5

Soggetti

Monetary policy

Finance - Government policy

Economic policy

Financial crises

Risk

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Previously issued in print: 2015.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction -- A primer on systemic risk -- Systemic risk: a theoretical framework -- The buildup of financial imbalances -- Contagion -- Systemic risk and the real costs of financial crises -- Measuring systemic risk -- Systemic risk and microprudential regulation -- Systemic risk and macroprudential regulation -- Monetary policy and systemic risk -- New challenges for regulatory policy.

Sommario/riassunto

Offering a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation, this book provides a list of challenges in the implementation of macroprudential policy and a discussion on its limitations. --