Financial Regulation and Stability
Show Less

Financial Regulation and Stability

Lessons from the Global Financial Crisis

Charles Goodhart and Dimitrios P. Tsomocos

This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how financial stability can be assessed and measured continuously, and discuss 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, and requires a general equilibrium model. Their general equilibrium analysis demonstrates how policy should depend on understanding all the relevant factors.
Buy Book in Print
Show Summary Details
This content is available to you

Chapter 1: Principles for macroprudential regulation

Anil K. Kashyap and Dimitrios P. Tsomocos

If the inline PDF is not rendering correctly, you can download the PDF file here.