The fundamental principles of financial regulation

The fundamental principles of financial regulation

by Markus Konrad Brunnermeier

Book 11 of Geneva reports on the world economy --

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"Today's financial regulatory systems assume that regulations which make individual banks safe also make the financial system safe. The eleventh Geneva Report on the World Economy shows that that thinking is flawed. Actions that banks take to make themselves safer can - in times of crisis - undermine the system's stability. The Report argues for a different approach" -- xvi

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