This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …

This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …

regulation reform, and reassessment of using international reserves in the crisis. We point out the paradox of prudential …. A coordinated globalized prudential regulation, by increasing the cost of prudential deregulation, would mitigate the …. -- Global prudential regulation ; regulatory arbitrage ; fear of losing international reserves ; swap lines …

regulation reform, and reassessment of using international reserves in the crisis. We point out the paradox of prudential …. A coordinated globalized prudential regulation, by increasing the cost of prudential deregulation, would mitigate the … prudential regulation ; regulatory arbitrage ; fear of losing international reserves ; swap lines …

This paper discusses two pertinent issues dealing with the global liquidity crisis -- global prudential regulation … globalized prudential regulation, by increasing the cost of prudential deregulation, may mitigate the temptation to under …

This paper discusses two pertinent issues dealing with the global liquidity crisis -- global prudential regulation … globalized prudential regulation, by increasing the cost of prudential deregulation, may mitigate the temptation to under …