Considering the deep and long-lasting impact of severe recessions, such as the 2008-09 financial crisis, it is important that measures be taken to minimise the risk of such event. But in doing so the benefits need to be balanced against the potential costs in terms of lower average growth that...

Key Features:The book has a strong focus on economic/financial crises and the Singapore approach to crisis management, which is different from the standard policy toolsWe have authoritative authors writing several key chapters. Mr Lam Chuan Leong (Chairman of the Competition Commission of...

Bank leverage ratios have made an impressive and largely unopposed return; they are mostly used alongside risk-weighted capital requirements. The reasons for this return are manifold, and they are not limited to the fact that bank equity levels in the wake of the global financial crisis (GFC)...