The International Financial Crisis

The International Financial Crisis

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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 a€œbrokea€ in the current crisis? Is there no a€œplaybooka€ 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.Third, they make an explicit reference to financial instability a€” the converse of stability a€” which is seen as more concrete ... We define financial distress/a financial crisis as an event in which substantial losses at financial institutions and /or theanbsp;...

Title:The International Financial Crisis
Author:Aslı Demirgüç-Kunt, Douglas Darrell Evanoff, George G. Kaufman
Publisher:World Scientific - 2011


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