Regulatory Reform : Integrating Paradigms

The Subprime crisis largely resulted from failures to internalize systemic risk evenly across financial intermediaries and recognize the implications of Knightian uncertainty and mood swings. A successful reform of prudential regulation will need t...

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Bibliographic Details
Main Authors:	de la Torre, Augusto, Ize, Alain
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTABILITY ACCOUNTING ADVERSE SELECTION AGENCY PROBLEM AGENCY PROBLEMS ARBITRAGE ASSET MANAGERS ASSET PRICE ASSET PRICES ASYMMETRIC INFORMATION BAILOUTS BALANCE SHEET BALANCE SHEETS BANK EARNINGS BANK FAILURE BANK FAILURE RESOLUTION BANKING SECTOR BANKING SYSTEM BID BORROWER BROKERAGE BROKERAGE ACTIVITIES BROKERS BUSINESS CYCLE BUSINESS OPPORTUNITIES CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL RATIOS CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANKS CHANNEL OF FINANCE COLLECTIVE ACTION COMMERCIAL BANKING COMMERCIAL BANKS CONSOLIDATED SUPERVISION CONSUMER PROTECTION CONTRACT ENFORCEMENT COORDINATION FAILURE COORDINATION FAILURES CREDIT CHAIN CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT DERIVATIVES CREDIT ENHANCEMENTS CREDIT LINES CREDIT MARKET CREDIT RISK CREDIT RISK EXPOSURES CREDITWORTHY BORROWERS DEBT DEBT CONTRACTS DEPOSIT DEPOSIT INSURANCE DEPOSIT RATES DEPOSITOR DEPOSITORS DEPOSITS DEREGULATION DERIVATIVE DERIVATIVE CONTRACTS DERIVATIVE MARKETS ECONOMIC CONDITIONS EFFECTIVE GOVERNANCE EQUITY INVESTMENTS EQUITY SWAPS EXCHANGE RATE EXPOSURE EXTENSION OF CREDIT EXTERNALITIES FAIR VALUE FEDERAL RESERVE FEDERAL RESERVE SYSTEM FINANCIAL CONGLOMERATES FINANCIAL CONTRACTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL DEVELOPMENT FINANCIAL DEVELOPMENTS FINANCIAL DISTRESS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FRAUD GOVERNANCE ISSUES GOVERNANCE STANDARDS GOVERNMENT INTERVENTION HEDGE FUNDS HOLDING HOUSING HOUSING FINANCE HOUSING PRICES INFLATION INFORMATION ASYMMETRY INFORMED INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL ECONOMICS INVESTING INVESTMENT BANKING INVESTMENT BANKS INVESTMENT OPPORTUNITIES INVESTMENT VEHICLES INVESTOR PROTECTION LEGISLATION LENDER-OF-LAST-RESORT LENDERS LEVY LIMITED LIABILITY LIQUID ASSETS LIQUID SECONDARY MARKETS LIQUIDITY LIQUIDITY CRISES LIQUIDITY FACILITIES LIQUIDITY RISK LOAN MALFEASANCE MANDATES MARKET DEVELOPMENT MARKET DISCIPLINE MARKET FAILURE MARKET FAILURES MARKET LIQUIDITY MARKET PARTICIPANTS MARKET PLAYERS MARKET RISKS MARKET VALUES MARKET-MAKING MATURITY MATURITY GAP MATURITY MISMATCHES MATURITY STRUCTURE MONETARY AUTHORITIES MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE LENDING MORTGAGE-BACKED SECURITIES MORTGAGES MUTUAL FUNDS NEW MARKETS OPPORTUNISTIC BEHAVIOR OVERNIGHT REPOS PENSION PENSION FUNDS POLICY RESPONSES PORTFOLIO PORTFOLIOS PRICE RISK PRICE VOLATILITY PRINCIPAL-AGENT PROBLEM PRINCIPAL-AGENT PROBLEMS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PRUDENTIAL STANDARDS PUBLIC FUNDS PUBLIC LENDER PUBLIC POLICY RATING AGENCIES REAL SECTOR REGULATOR REGULATORS REGULATORY FORBEARANCE REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REPAYMENT REPAYMENTS REPUTATION RETURNS RISK AVERSION RISK MANAGEMENT RISK MANAGERS RISK PREMIUM RISK TAKING RISK WEIGHT RISK WEIGHTS RISKY ASSETS SAFETY NET SALE OF MORTGAGE SAVINGS SECURITIES SECURITIES MARKET SECURITIES MARKETS SHAREHOLDERS SHORT-TERM LIABILITIES SMALL BORROWER SOCIAL COST SOCIAL COSTS SOCIAL RISKS STOCK MARKET STOCK MARKET PRICE STOCK PRICES STOCK TRADING STOCKS SWAP SYSTEMIC RISK SYSTEMIC RISKS TRADING TRADITIONAL BANKING TRANCHES TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY UNDERLYING ASSET UNIVERSAL BANKING VALUATIONS WHOLESALE FINANCE WHOLESALE INVESTORS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090504085341 http://hdl.handle.net/10986/4118

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090504085341
http://hdl.handle.net/10986/4118

Regulatory Reform : Integrating Paradigms

Internet

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