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Stability, growth and regulatory reform

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  • Kroszner, R.S.

Abstract

An enormous effort has gone into banking and financial regulatory reform following the recent financial crisis. The paper is an attempt to describe some key open questions about the relation among stability, growth, and regulatory reform and then raise some concerns about overemphasis on some instruments and underemphasis on others in the ongoing reform process.

Suggested Citation

  • Kroszner, R.S., 2012. "Stability, growth and regulatory reform," Financial Stability Review, Banque de France, issue 16, pages 77-93, April.
    • Handle: RePEc:bfr:fisrev:2011:16:08
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/financial-stability-review-16_2012-04.pdf
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    References listed on IDEAS

    as
    1. Kroszner, Randall S & Rajan, Raghuram G, 1994. "Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking before 1933," American Economic Review, American Economic Association, vol. 84(4), pages 810-832, September.
    2. Goodhart, C. A. E., 2010. "The Changing Role of Central Banks," Working Papers 11-27, University of Pennsylvania, Wharton School, Weiss Center.
    3. Randall S. Kroszner & Philip E. Strahan, 2011. "Financial Regulatory Reform: Challenges Ahead," American Economic Review, American Economic Association, vol. 101(3), pages 242-246, May.
    4. Kroszner, Randall S. & Laeven, Luc & Klingebiel, Daniela, 2007. "Banking crises, financial dependence, and growth," Journal of Financial Economics, Elsevier, vol. 84(1), pages 187-228, April.
    5. Donald P. Morgan & Bertrand Rime & Philip E. Strahan, 2004. "Bank Integration and State Business Cycles," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(4), pages 1555-1584.
    6. Donald Morgan & Bertrand Rime & Philip Strahan, 2003. "Bank Integration and State Business Cycles," NBER Working Papers 9704, National Bureau of Economic Research, Inc.
    7. Randall S. Kroszner & Robert J. Shiller, 2011. "Reforming U.S. Financial Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262015455 edited by Benjamin M. Friedman, December.
    8. Charles Goodhart, 2010. "The changing role of central banks," BIS Working Papers 326, Bank for International Settlements.
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