This chapter of the forthcoming Oxford Handbook of Financial Regulation considers, in broad historical perspective and … financial crises and regulation. It begins with an overview of financial crises generally, and then considers both the … historical and potential future role of regulation in financial crises. It discusses various theories of the roots of financial …

risk return preferences of a society and an economy’s institutional setting. The new regulation for global systemically … banks. Governments need to actively manage their exposure to banking system risk with the optimal policy mix depending on … tools to manage government exposure to banking system risk. Contents Comprehensive Review of the Post-Crisis Status of the …

This paper extends the approach of measuring and stress-testing the systemic risk of a banking sector in Huang, Zhou …, and Zhu (2009) to identifying various sources of financial instability and to allocating systemic risk to individual … financial institutions. The systemic risk measure, defined as the insurance cost to protect against distressed losses in a …

The paper presents some evidence on the overwhelming relevance of systemic risk and the lesser importance of US … used a global semi-structural model (GSSM) augmented with common factors for country risk and country credit. We … approximated country risk with historical stock volatility, a measure that is uniform and available across countries; in addition …