Building a more resilient financial sector : reforms in the wake of the global crisis /
The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urg...
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| Online Access: |
Full text (MCPHS users only) |
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| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2012
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| Subjects: | |
| Local Note: | ProQuest Ebook Central |
| Summary: | The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response. |
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| Physical Description: | 1 online resource (xii, 278 pages) : illustrations |
| Bibliography: | Includes bibliographical references (pages 261-268) and index. |
| ISBN: | 9781475569360 9781475503760 147556936X 1475503768 9781616352295 1616352299 |
| Language: | English. |
| Source of Description, Etc. Note: | Print version record. |
