Macro-Prudential Regulation

Persaud, Avinash

World Bank, Washington, DC

关键词: ACCOUNTING;    ACCOUNTING FRAMEWORK;    ACCOUNTING STANDARDS;    AMOUNT OF CAPITAL;    APPETITE FOR RISK;   

RP-ID  :  50347

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This is not the first internationalbanking crisis the world has seen. The previous onesoccurred without credit default swaps, special investmentvehicles, or even credit ratings. If crises keep repeatingthemselves, it seems reasonable to argue that policy makersneed to carefully consider what they are doing and not just'double up' by superficially reacting to thespecific features of today's crisis. While we cannot toprevent crises, we can perhaps make them fewer and milder byadopting and implementing better regulation in particular,more macro-prudential regulation.