The two most topical issues in current financial markets deal with the causes of the recent financial crisis and the means to prevent future crises. This book addresses the latter and stresses a major shift in most countries toward a better understanding of financial stability and how it can be...

The recent global financial crisis has caused massive upheavals worldwide. The papers in this volume analyze whether financial principles seem to have shifted in recent years, and what that may mean for international financial markets and regulation. What ¡°broke¡± in the current crisis? Is...

As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the ¡°Great Depression.¡± More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a...