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Regulating for stability: bank capitalization and the emergence of an international lender of last resort

In: Financial Instability and Economic Security after the Great Recession

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  • Jan Toporowski

Abstract

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options – and challenges – than conventional economics presents.

Suggested Citation

  • Jan Toporowski, 2011. "Regulating for stability: bank capitalization and the emergence of an international lender of last resort," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 7, pages 143-152, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14489_7
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    References listed on IDEAS

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    1. Marvin Goodfriend, 2007. "How the World Achieved Consensus on Monetary Policy," Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 47-68, Fall.
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