Financial Law and Risk Control
The Fundamental Principles of Financial Regulation
Markus Brunnermeier, Andrew Crockett, Charles Goodhart, Avinash Persaud, and Hyun Song Shin
- Year
- 2009
- Venue
- Geneva Reports on the World Economy
- Level
- Intermediate
Summary
Argues that financial regulation must address system-wide externalities rather than only the solvency of individual institutions. The report develops principles for macroprudential policy, procyclicality, liquidity regulation, capital standards, and the institutional design of supervision.
Citation
Markus Brunnermeier, Andrew Crockett, Charles Goodhart, Avinash Persaud, and Hyun Song Shin. "The Fundamental Principles of Financial Regulation." Geneva Reports on the World Economy, 2009.
BibTeX
@article{Brunnermeier2009The,
title = {The Fundamental Principles of Financial Regulation},
author = {Markus Brunnermeier, Andrew Crockett, Charles Goodhart, Avinash Persaud, and Hyun Song Shin},
year = {2009},
journal = {Geneva Reports on the World Economy},
url = {https://cepr.org/publications/books-and-reports/geneva-11-fundamental-principles-financial-regulation}
}