Systemic Risk, Crises, and Macroprudential Regulation

  • 10h 12m
  • José-Luis Peydró, Luc Laeven, Xavier Freixas
  • The MIT Press
  • 2015
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.