[Download] "Financial Regulation" by Ester Faia, Andreas Hackethal, Michael Haliassos & Katja Langenbucher * eBook PDF Kindle ePub Free
eBook details
- Title: Financial Regulation
- Author : Ester Faia, Andreas Hackethal, Michael Haliassos & Katja Langenbucher
- Release Date : January 30, 2015
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 9151 KB
Description
The 2007 to 2009 financial crisis resulted in the re-emergence of the debate on financial regulation and its relationships with other macroeconomic policies, particularly monetary policy. In Europe, the financial crisis was followed by the sovereign debt crisis, as the bail-out of the financial sector put strains on public finances in several countries. The sequence of events called for a strengthening of the union, ranging from a common framework for supervisory policy that could minimize the risk of unforeseen bank or country defaults to a common resolution mechanism that could set equal rules across countries and reduce ex-ante mis-incentives to risk-taking and moral hazard. This analysis of the state of and prospects for financial regulation examines the lending and saving behavior of banks and households as well as their borrowing activities in order to understand the conflicting priorities and complicated decisions involved in the development and implementation of financial legislation.