Systemic Risk, Crises, and Macroprudential Regulation
- 10h 12m
- José-Luis Peydró, Luc Laeven, Xavier Freixas
- The MIT Press
Offering a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation, this book provides a list of challenges in the implementation of macroprudential policy and a discussion on its limitations.