The 2007-08 financial crisis has posed substantial challenges for bankers, economists and regulators: was it preventable, and how can such crises be avoided in future? This book addresses these questions. The Financial Crisis and the Regulation of Finance includes a comprehensive overview of the...

PART I Financial system and financial crisis; 1. The global financial crisis: lessons for Taiwan; 2. A perspective on the US dollar after the current financial crisis: lessons from the fall of the pound sterling and the gold standard after World War I; 3. De-privatization? Case studies of...

Introduction / Edward L. Glaeser, Tano Santos, and E. Glen Weyl -- Stochastic compounding and uncertain valuation / Lars Peter Hansen and José A. Scheinkman -- The good banker / Patrick Bolton -- How to implement contingent capital / Albert S. Kyle -- Bankruptcy laws and collateral regulation:...