Summary
Contents
Subject index
The Global Financial Crisis is undoubtedly the most severe financial crisis the world witnessed since the Great Depression of 1929. The crisis has been analysed by a number of experts offering distinct narratives and counter-narratives. Systemic Risk and Macroprudential Regulations examines causes and consequences of the global financial crisis and proposes a regulatory reforms policy macroprudential regulations. The book emphasizes ‘systemic risk’ as the new-found villain of the financial space and narrates how such risk can be addressed through macroprudential tools. It, thus, offers a possible solution to avoid financial crises in future and facilitates building a safer financial system globally. The book also examines major crisis management frameworks, stress testing, relevant regulatory and supervisory development, and early warning mechanism with detailed cross-country analysis.
Dynamics of International Policy Coordination
Dynamics of International Policy Coordination
While cross-border interconnectedness has increased, the regulatory framework for coordination has not kept pace. The Eurozone is a prime example of the benefits of the coordination at decision-making level which has led to higher growth and greater raise in standard of living. The lessons learned from the Eurozone integration can be used in other regions while avoiding its pitfalls. The basic premise on which the integration should be achieved is that the larger good should be top priority over individual country development goals. Regional integration is a systematic process of economic, political, legal and monetary synergy.
Introduction
Vasudhaiva Kutumbakam is a Sanskrit phrase that inculcates an understanding that the whole world is one family. Humans, the driving ...
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