This paper tries a conceptual framing of the issue of financial stability in economic theory and also to identify solutions to address episodes of financial instability. An essential reference is Minsky's financial instability hypothesis, which argues that a fundamental feature of the financial...

In this paper the authors examine the current situation of the banks that were considered “too-big-to-fail” back in 2008, if the health of these banks is now more critical to the worldwide economy than ever. It is widely recognized that stronger financial crisis that began in 2007 in the...

The financial crisis has demonstrated that self-regulation is not sufficient to markets and financial institutions with systemic importance. Permissive regulatory policies, allowing the development speed of global banking financial system, have played an important role in emphasizing the upward...

Basel III represents a fundamental review of the regulatory and supervision framework of the banking industry in the future, the aim being to strengthen the stability of the financial system. The purpose of this paper is to analyze the impact of Basel III introduction upon the banking system at...

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Remarks at the Global Association of Risk Professionals 12th Annual Risk Management Convention, New York City.

Remarks at the Partnership for New York City Discussion, New York City.

Testimony before the Committee on Government Oversight and Reform, U.S. House of Representatives.