Kawai, Masahiro; Morgan, Peter J. - In: Public Policy Review 8 (2012) 3, pp. 215-246
A key lesson of the 2007-2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a "macroprudential" approach to surveillance and regulation that can identify system-wide risks and take appropriate actions to maintain financial stability. By...