 | Banking Regulation and the Financial Crisis This book is a review on the economic theories of systemic risks in the financial market and the topics in constructing the macroprudential framework for banking regulation in the future. It explains the reasons why the traditional microprudential regulatory framework missed its target in stabilizing the market and preventing the crisis, and discusses the principles and instruments for designing macroprudential rules. Jin Cao is a Researcher in Macroeconomics at Ludwig Maximilians University, Munich. |
