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Financial regulation and stability: lessons from the global financial crisis

Goodhart, C. A. E. and Tsomocos, Dimitrios P. (2019) Financial regulation and stability: lessons from the global financial crisis. . Edward Elgar, Cheltenham, UK. ISBN 9781788973649

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Abstract

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.

Item Type: Monograph (Report)
Additional Information: © The Authors
Divisions: Financial Markets Group
Subjects: H Social Sciences > HG Finance
Date Deposited: 17 Apr 2019 09:06
Last Modified: 17 Jun 2019 23:10
URI: http://eprints.lse.ac.uk/id/eprint/100486

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