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150128 ||| eng |
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|a 9781484335970
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| 100 |
1 |
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|a Claessens, Stijn
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| 245 |
0 |
0 |
|a The Regulatory Responses to the Global Financial Crisis
|b Some Uncomfortable Questions
|c Stijn Claessens, Laura Kodres
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2014
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| 300 |
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|a 39 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Financial crises
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Financial services
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| 653 |
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|a Mortgages
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| 653 |
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|a International Financial Markets
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| 653 |
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|a Shadow banking
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| 653 |
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|a Systemic risk
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| 653 |
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|a Financial risk management
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| 653 |
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|a Banking
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| 653 |
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|a Taxation
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| 653 |
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|a Financial Risk Management
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| 653 |
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|a Law and legislation
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a State supervision
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Crisis Management
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| 653 |
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|a International Finance: General
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Nonbank financial institutions
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Financial regulation and supervision
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| 653 |
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|a Financial services industry
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| 653 |
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|a Tax incentives
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| 653 |
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|a Finance: General
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| 653 |
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|a Financial services law & regulation
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| 653 |
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|a Liquidity requirements
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| 653 |
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|a Financial Crises
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| 700 |
1 |
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|a Kodres, Laura
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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0 |
|a 10.5089/9781484335970.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2014/046/001.2014.issue-046-en.xml?cid=41422-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into regulations agents’ incentives so as to align them better with societies’ goals; and acknowledging that risks of crises will always remain, in part due to (unknown) unknowns – be they tipping points, fault lines, or spillovers. Corresponding to these three tenets, specific areas for further reforms are identified. Policy makers need to resist, however, fine-tuning regulations: a “do not harm” approach is often preferable. And as risks will remain, crisis management needs to be made an integral part of system design, not relegated to improvisation after the fact
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