Macro-Prudential Regulation

This is not the first international banking crisis the world has seen. The previous ones occurred without credit default swaps, special investment vehicles, or even credit ratings. If crises keep repeating themselves, it seems reasonable to argue t...

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Bibliographic Details
Main Author:	Persaud, Avinash
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING FRAMEWORK ACCOUNTING STANDARDS AMOUNT OF CAPITAL APPETITE FOR RISK ASSET PRICE ASSET PRICES ASSET VALUES BALANCE SHEETS BANK ASSETS BANK FOR INTERNATIONAL SETTLEMENTS BANK PROFITABILITY BANK PROFITS BANKING CRISIS BANKING INSTITUTIONS BANKING REGULATION BANKING SUPERVISION BANKING SYSTEM BANKS BARRIER BOND BOOM-BUST CYCLES BUFFER BUFFERS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANKS COMPLEX RISK CONFLICTS OF INTEREST CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT RISKS CREDIT SPREADS CURRENCY CURRENCY MARKETS DEPOSITS DISCOUNTED PRESENT VALUE DIVERSIFIED PORTFOLIOS ECONOMIC POLICY EMERGING ECONOMIES EMERGING-MARKET EXCHANGE RATES EXPOSURE EXPOSURES EXTERNALITIES FEDERAL RESERVE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REFORM FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL RISKS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FIXED COSTS FORCED SALES FOREIGN BANKS FRAUD FUTURE EARNINGS GLOBAL BANKING GLOBAL FINANCE HOLDING HOME COUNTRY HOST COUNTRY ILLIQUID ASSETS INFLATION INFLATION TARGET INSTRUMENT INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL FINANCE INVESTMENT VEHICLES JURISDICTIONS LEVERAGE LIQUIDITY LIQUIDITY CONDITIONS LIQUIDITY CRISIS LIQUIDITY PROBLEM LIQUIDITY RISK LOAN MARK-TO-MARKET MARK-TO-MARKET ACCOUNTING MARKET DISCIPLINE MARKET PARTICIPANTS MARKET PRICE MARKET PRICES MARKET RISK MARKET VALUATION MARKET VOLATILITY MATURITY MATURITY MISMATCHES MONETARY POLICY MONEY MARKET MONEY MARKETS MORTGAGE MORTGAGES PERIODS OF STRESS POLICY RESPONSE POLICY RESPONSES PRICE VOLATILITY PRIVATE SECTOR DEVELOPMENT PROFITABILITY PRUDENTIAL REGULATION PUBLIC POLICY REGULATOR REGULATORS RESERVE RESERVE REQUIREMENTS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK TAKING SALES OF ASSETS SECURITIZATION SETTLEMENT SETTLEMENT SYSTEMS STOCK MARKETS STRUCTURAL REFORMS SUBSIDIARIES SYSTEMIC RISK SYSTEMIC RISKS TAX TERM DEPOSITS TRANSPARENCY UNCERTAINTY VALUATION VALUATIONS WEIGHTS WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2009/07/11077602/macro-prudential-regulation http://hdl.handle.net/10986/10243

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Summary:	This is not the first international banking crisis the world has seen. The previous ones occurred without credit default swaps, special investment vehicles, or even credit ratings. If crises keep repeating themselves, it seems reasonable to argue that policy makers need to carefully consider what they are doing and not just 'double up' by superficially reacting to the specific features of today's crisis. While we cannot to prevent crises, we can perhaps make them fewer and milder by adopting and implementing better regulation in particular, more macro-prudential regulation.

Macro-Prudential Regulation

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