The study employs a two-step system GMM technique within a panel data framework to investigate the effects of capital buffers on the profitability and risk behavior of Indonesian commercial banks from 2010 to 2020. The findings reveal that capital buffers serve a dual role, acting as a safety...

Macroprudential regulation is a set of economic and policy tools that aim to mitigate risk in the financial and banking systems. It was largely developed in response to the financial crisis of 2007-08, turning central banks into de facto financial policemen. Taming the Cycles of Finance traces...

Introduction: institutionalizing financial stability in Europe -- Realist institutionalism: power, institutions and international order -- The TSCG and EMU reform establishing responsible sovereignty -- The ESM: stabilising the Eurozone without a fiscal union -- The SSM: supervising Europe's...