, and a balanced approach to restructuring and regulation among different types of financial institutions. The paper also …

The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of …

financial crises, keeping deposits in a safe place and paying back their loans. Institutional risk profiles at the bottom end of … volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and consumer … protection, in terms of financial instability, the risk posed by inclusive policies is negligible. In addition, risks prevalent …

to systematic risk and tend to show higher tail risk. These characteristics, in turn, are closely associated with joint … failures and systemic risk. In order to achieve greater stability of the financial system, it is important to prevent the …

to ascertain how crises might be mitigated in the future through better regulation, supervision, and institution …

crisis, after the crisis started, politicians became increasingly vocal in demanding regulation. Initially, these demands … were confined to a more binding form of self-regulation. But as the crisis progressed, the calls for state regulation grew … ever louder. It became apparent after the November 2008 G-20 summit in Washington that state regulation could no longer be …

fragmented financial regulatory structure is not worse than under integrated regulation. This implies that financial regulatory …