Similar Search Results

Preventing Currency Crises in Emerging Markets

Aizenman, Joshua (contributor); … - 2009

Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations,...

Persistent link: https://www.econbiz.de/10014487958

Financial crisis and the paradox of under- and over-regulation

Aizenman, Joshua - 2009

Persistent link: https://www.econbiz.de/10003850280

Financial crisis and the paradox of underregulation and overregulation

Aizenman, Joshua - In: Lessons from East Asia and the global financial crisis …, (pp. 213-234). 2011

Persistent link: https://www.econbiz.de/10009503459

Financial Crisis and the Paradox of Under- and Over-Regulation

Aizenman, Joshua - 2010

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 …

Persistent link: https://www.econbiz.de/10013152612