During the recent Financial Crisis, as well as the 2010 and ongoing European Sovereign Debt Crisis, several governments had/have had to raise their debt levels in order to stabilize their economies. The principal problem attributed to sovereign debts, which is linked to their characteristics, is...

This paper considers and assesses various explanations attributed as principal factors of the recent Financial Crisis. In particular, it focuses on two principal regulatory tools which constitute the basis of the framework promulgated by recent Basel Committee's initiatives, that is, Basel III....

Whilst the predecessor (Part I) to this paper addresses criticisms and challenges which have arisen in response to recent Basel Committee's initiatives aimed at addressing capital and liquidity standards, the present paper highlights further measures which are being introduced by the Basel...

As well as highlighting why macro prudential policy tools serve as vital complements to monetary policy tools, this paper aims to highlight why the question relating to the suitability of monetary policy as a tool for facilitating financial stability has constituted a topic of contentious...

As regards macro prudential policies, the focus by Basel III on macro prudential policies can also be considered a consequence of the recent Financial Crisis. Hence, in response to efforts aimed at addressing issues relating to coordination, this paper not only seeks to highlight and...

The introduction of traditional policies to provide “additional monetary stimulus” in the aftermath of the recent Financial Crisis has been instigated by central banks such as Danmarks Nationalbank (DN), the European Central Bank (ECB), Sveriges Riksbank, the Swiss National Bank (SNB) and...

As well as a consideration of the role contributed by national supervisors in the successful implementation and enforcement of standards, recommendations and regulations, the significance of clear and unambiguous mandates in enhancing communication between micro prudential supervisors (usually...

Despite Basel III's efforts to address capital and liquidity requirements, will the risks linked to regulatory arbitrage increase as a result of Basel III's more stringent capital and liquidity rules?As well as Basel III reforms which are geared towards greater facilitation of financial...

The use of complex and sophisticated financial instruments, such as derivatives, in the modern financial environment, has triggered the emergence of new forms of risks. As well as the need to manage such types of risks, this paper investigates developments which have instigated the Basel...