New Paradigms for Financial Regulation
  • Author : Masahiro Kawai
  • Release Date : 25 June 2022
  • Publisher : Brookings Institution Press
  • Genre : Business & Economics
  • Pages : 291
  • ISBN 13 : 9780815722649

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Book Description: A Brookings Institution Press and Asian Development Bank Institute publication The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, "New Paradigms for Financial Regulation" develops new analytical frameworks and provides policy prescriptions for how the frameworks should be adapted to a world of more free and more volatile capital. This volume provides an overview of the global regulatory landscape from the perspective of Asian emerging markets. The contributors discuss the many challenges ahead in developing sound and flexible financial regulatory systems for emerging market economies. The challenges are heightened by the rising integration of these economies into global trade and finance, the growing sophistication of their financial systems as globalization and emergence processes accelerate, and their potential vulnerability to instability arising from the financial markets in the advanced economies. The contributors provide guidance about pitfalls to be avoided, general principles that should guide the creation of sound regulatory systems, and valuable analytic perspectives about how to continue to broaden the financial sector and innovate while still maintaining financial and macroeconomic stability.

New Paradigms for Financial Regulation

New Paradigms for Financial Regulation

Author : Masahiro Kawai
Publisher : Brookings Institution Press
Genre : Business & Economics
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A Brookings Institution Press and Asian Development Bank Institute publication The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. ...

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets

Author : Masahiro Kawai,Eswar S. Prasad
Publisher : Brookings Institution Press
Genre : Business & Economics
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The rapid spread and far-reaching impact of the global financial crisis have highlighted the need for strengthening financial systems in advanced economies and emerging markets. Emerging markets face particular challenges in developing their nascent financial systems and making them resilient to domestic and external shocks. Financial reforms are critical to ...

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Author : Pablo Iglesias-Rodriguez,Anna Triandafyllidou,Ruby Gropas
Publisher : Springer
Genre : Social Science
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This international collection studies how the financial crisis of 2007 and the ensuing economic and political crises in Europe and North America have triggered a process of change in the field of economics, law and politics. Contributors to this book argue that both elites and citizens have had to rethink the ...

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New Paradigms in Financial Economics

Author : Kazem Falahati
Publisher : Routledge
Genre : Business & Economics
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The recent global financial crisis has made the inadequacies of the scientific state of economics and finance glaringly obvious, as these disciplines gave the false reassurance that such a self-destructive phenomenon could not happen. A similar phenomenon arose in the 1930's, when the pitfalls of the dominant economic theories were ...

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Author : Michel Tison,Hans De Wulf,Christoph Van der Elst,Reinhard Steennot
Publisher : Cambridge University Press
Genre : Law
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This collection of essays has been compiled in honour of Professor Eddy Wymeersch on the occasion of his retirement as professor at Ghent University. His main international academic peers explore developments on the crossroads of company law and financial regulation in Europe and the United States, providing a unique view ...

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Author : Manuela Moschella,Catherine Weaver
Publisher : Routledge
Genre : Reference
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Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy ...

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets

Author : Masahiro Kawai,Eswar Prasad
Publisher : Brookings Institution Press
Genre : Business & Economics
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"In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher....

Governance  Regulation and Bank Stability

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Author : T. Lindblom,S. Sjögren,M. Willesson
Publisher : Springer
Genre : Business & Economics
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This book provides novel insight into the governance of banks and looks at regulatory measures for strengthening bank stability. It includes empirical studies on the relationship between the board structures of banks and their financial risk-taking and analyses the determinants of bank reputation and the future prospects of small banks....

Asian Perspectives on Financial Sector Reforms and Regulation

Asian Perspectives on Financial Sector Reforms and Regulation

Author : Masahiro Kawai,Eswar S. Prasad
Publisher : Brookings Institution Press
Genre : Business & Economics
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Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines ...

Benefit cost Paradigms in Financial Regulation

Benefit cost Paradigms in Financial Regulation

Author : Eric A. Posner,Eric Glen Weyl
Publisher : Unknown
Genre : Banks and banking
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This paper builds on contributions to a Conference on Benefit-Cost Analysis of Financial Regulation, held at the University of Chicago, to show how benefit-cost analysis (BCA) of financial regulations should be conducted. Our major themes are that (1) on theoretical grounds, BCA should be easier for financial regulation than for other ...

The Foundations and Future of Financial Regulation

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Author : Mads Andenas,Iris H-Y Chiu
Publisher : Routledge
Genre : Law
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Financial regulation has entered into a new era, as many foundational economic theories and policies supporting the existing infrastructure have been and are being questioned following the financial crisis. Goodhart et al’s seminal monograph "Financial Regulation: Why, How and Where Now?" (Routledge:1998) took stock of the extent of financial ...

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Author : Robin Hui Huang,Dirk Schoenmaker
Publisher : Routledge
Genre : Business & Economics
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In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels, and has instigated financial regulatory reforms in major markets ...