The economic and financial crisis starting in 2007 revealed significant weaknesses in the resiliency of banks and other market participants to financial and economic shocks. In the context of over-the-counter (OTC) derivatives, which total hundreds of trillions of dollars in notional amounts,...

Macro economic development must be supported by a stable and efficient financial system. Excessive and inappropriate regulation of the financial system will restrain its functions and may lead to less than optimal resource allocation. But the transition from a highly regulated system must be...

The Second Volume of the Journal comprises four outstanding original articles from renowned experts, namely Mr. Stefan Ingves, Governor of the Riksbank and Chairman of the Basel Committee on Banking Supervision; Mr. Gerald Edwards, Jr., a long-time Chief Accountant of the U.S. Federal Reserve...

SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...