New Banking Regulation Framework During The Crisis Period
Abstract
Looking on long-term, as we think about what is needed to avoid future crises, it is clear that better analysis of and response to macroprudential problems – problems which lie at the interface between macroeconomic policy and financial system regulation – will be vital. In the future, regulators need to do more sector analysis and be more willing to make judgments about the sustainability of the whole business models, not just about the quality of their execution. Central banks and regulators between them need to integrate macro-economic analysis with macro-prudential analysis, and to identify the combination of measures which can take away the punch bowl before the party gets out of hand. Alongside that more effective macro-prudential analysis, we also need however, more effective approaches to the regulations which govern the financial system. That regulation needs to be designed in the light of how the system we are regulating is likely to evolve.Download Info
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Article provided by Institute of National Economy in its journal Romanian Journal of Economics.
Volume (Year): 35 (2012(XXII))
Issue (Month): 2(44) (December)
Pages: 113-127
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Related research
Keywords: banking regulation; Basel III; banking sector; financial crisis;Find related papers by JEL classification:
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- G01 - Financial Economics - - General - - - Financial Crises
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
References
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- Olivier Blanchard, 2009.
"The Crisis: Basic Mechanisms and Appropriate Policies,"
CESifo Forum,
Ifo Institute for Economic Research at the University of Munich, vol. 10(1), pages 3-14, 04.
- Olivier J. Blanchard, 2009. "The Crisis: Basic Mechanisms and Appropriate Policies," IMF Working Papers 09/80, International Monetary Fund.
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