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AUTHOR
Goodhart, C. A. E.(Charles Albert Eric)
TITLE
Financial Regulation and Stability : lessons from the global financial crisis / Charles Goodhart, Emeritus Professor of Banking and Finance, and long-standing member of the Financial markets Group, at the London School of Economics, UK, Dimitrios P. Tsomocos, Professor in Financial Economics and Fellow in Management, Said Business School and St. Edmund Hall, University of Oxford, UK.
PHYSICAL DESCRIPTION
- xi, 326 pages : illustrations ; 26 cm.
BIBLIOGRAPHY
Includes bibliographical references
SUBJECT
regulation
stability Financial crisis
ADDED NAME
Tsomocos, Dimitrios P. author
ISBN
9781788973649
UDC NUMBER
336
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| Location | Address | Count | Shelf | Status | |
|---|---|---|---|---|---|
| Bibliotēka | 01.2 | 1 | 338.1 | On a shelf | Available to order |
Annotation
Charles Goodhart and Dimitrios P. Tsomocos examine the interaction of monetary and regulatory policy to achieve the important goals of price and financial stability. Their focus is on the relationship between liquidity and default in the post-crisis context, with special emphasis on macroprudential regulation. Exploring how financial stability can be continually assessed and measured, Financial Regulation and Stability discusses the interrelationships between liquidity and default. Without default there would be no concern about liquidity. But the financial crisis was not just a liquidity problem, it requires a general equilibrium model. The authors' model delineates all the potential interrelationships between the real and financial sectors of the economy, with special emphasis on the interaction between liquidity and default. Economists and central bankers will greatly benefit from the practical advice offered in this book to aid financial stability. Advanced students of financial economics will also find this a vital read to understand the consequences of the 2007-8 financial crisis in more depth and the lessons to be learnt.