Cookies?
Library Header Image
LSE Research Online LSE Library Services

Limiting systemic risks, new principles for regulation

Griffith-Jones, Stephany and Pagliari, Stefano (2009) Limiting systemic risks, new principles for regulation. Zeitschrift Für Wirtschaftspolitik, 58 (3). pp. 346-354. ISSN 0721-3808

Full text not available from this repository.

Abstract

Stephany Griffith-Jones and Stefano Pagliari point out, that containing “systemic risk” is one of the most important rationales for regulating financial markets. Our understanding of the sources of systemic risk has repeatedly been challenged by major episodes of financial instability. The crisis that started in the summer of 2007 has been no exception. They discuss how the latest global financial crisis urges analysts and regulators to rethink the origin of systemic risk beyond a narrow focus on the banking sector, beyond the “too big to fail problem”, and beyond a narrow micro-prudential focus. They focus on two regulatory principles: comprehensiveness and countercyclicality.

Item Type: Article
Official URL: http://www.iwp.uni-koeln.de/de/Publikationen/zfw/i...
Additional Information: © 2009 Lucius & Lucius, Stuttgart
Divisions: International Relations
Subjects: H Social Sciences > HG Finance
J Political Science > JZ International relations
Date Deposited: 21 Sep 2010 13:06
Last Modified: 13 Sep 2024 22:39
URI: http://eprints.lse.ac.uk/id/eprint/29429

Actions (login required)

View Item View Item