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Systemic Risk and Macroprudential Regulations

Systemic Risk and Macroprudential Regulations
Global Financial Crisis and Thereafter

  • Rabi N. Mishra - Principal Chief General Manager, Risk Monitoring Department of Reserve Bank of India, Mumbai

508 pages | SAGE Publications Pvt. Ltd

The Global Financial Crisis is undoubtedly the most severe financial crisis the world witnessed since the Great Depression of 1929. The crisis has been analysed by a number of experts offering distinct narratives and counter-narratives. Systemic Risk and Macroprudential Regulations examines causes and consequences of the global financial crisis and proposes a regulatory reforms policy—macroprudential regulations. The book emphasizes ‘systemic risk’ as the new-found villain of the financial space and narrates how such risk can be addressed through macroprudential tools. It, thus, offers a possible solution to avoid financial crises in future and facilitates building a safer financial system globally. The book also examines major crisis management frameworks, stress testing, relevant regulatory and supervisory development, and early warning mechanism with detailed cross-country analysis.

Foreword by Benjamin M. Friedman
Part I: Post-crisis Financial Regulatory Reform
Strengthening Capital and Liquidity Requirements
Regulatory Framework Beyond Capital and Liquidity
Part II: Managing Systemic Risk through Macroprudential Policy
Macroprudential Policy
Early Warning Systems
Stress Testing Programme
Tools for Macroprudential Policy
Part III: Managing Financial Crisis
Financial Crisis Management Framework
Part IV- Coordination in International Policymaking
Dynamics of International Policy Coordination
New Approaches to International Policy Coordination
Macrofinancial Policy Coordination in the Current Milieu
Epilogue: Potential Concerns for Central Banks
Key features
• Examines reasons for the Global Financial Crisis and subsequent damage control initiatives

• Examines recommendations given by Financial Regulation committees on Post-global financial crisis 

• Explains the difference between complex traditional monetary policy making and the newly-born macroprudential policy making. 

• Discusses financial risk in the context of cyber banking


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ISBN: 9789353285425