Preparing for the Next Financial Crisis

1. Auflage 2020
ISBN: 978-1-138-59469-2
Verlag: Routledge

Buch, Englisch, 386 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 746 g

Reihe: Contemporary Issues in Finance

The ramifications of the Global Financial Crisis, which erupted in 2007, continue to surprise not only the general public but also finance professionals, economists, and journalists. Faced with this challenge, Preparing for the Next Financial Crisis goes back to basics. The authors ask: what do theory and empirical observations tell us about the causes and the consequences of financial crisis and instability? In what has become an increasingly complex financial world, what lessons can we learn from economic policies, which have been implemented, and research, which has developed extremely rapidly in recent years, so as not to repeat past mistakes?

In this comprehensive review of the literature, which is both complete and balanced, the authors highlight the points of consensus among economists and policymakers. They assess the capacity of economic policies and institutions in limiting the cost of financial instability. In conclusion, they ask if the financial system has become safer, in the light especially of the Covid-19 Global Crisis. Ten years after the GFC crisis, this is a timely review of the reform agenda, the progress made, and the areas where further changes need to be made to address new risks and challenges.

Autoren/Hrsg.

De Bandt, Olivier

Pfister, Christian

Drumetz, Francoise

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte

Inhaltsverzeichnis

1. Notions. 2. Financial Cycles and Crises. 3. International Dimensions of Financial Stability. 4. Incentives.
5. Constraints. 6. Capital and Liquidity Standards. 7. Crisis Management and Resolution of Financial Institutions. 8. Macroprudential Policy. 9. Economic Policies and Financial Stability. 10. Institutions. 11. Emerging Risks and New Challenges

Über Autor(innen)

Olivier de Bandt, who holds a PhD from the University of Chicago, is an economist and researcher associated with the University of Paris-Nanterre, where he has been teaching banking and financial economics at graduate level. He is an associate editor of the Journal of Financial Stability.

Françoise Drumetz and Christian Pfister are also economists. They teach the Financial Stability course in the Sciences Po School of Public Affairs (Paris).