Preface |
|
v | |
Acknowledgments |
|
vii | |
About the Editors |
|
ix | |
About the Contributors |
|
xi | |
|
|
1 | (38) |
|
Chapter 1 Challenges for Future Monetary Policy Frameworks: A European Perspective |
|
|
3 | (10) |
|
|
Chapter 2 Income Inequality: The Battlefield Casualty of Post-crisis Financial Policy |
|
|
13 | (12) |
|
|
Chapter 3 A Practical Case for Rules-based Macroprudential Policy |
|
|
25 | (14) |
|
|
Part II Financial Regulation: The Evolving Macro-and Microprudential Landscape |
|
|
|
Chapter 4 Evolving Micro- and Macroprudential Regulations in the United States: A Primer |
|
|
39 | (16) |
|
|
Chapter 5 The Regulatory Response to the Sovereign-Bank Nexus |
|
|
55 | (8) |
|
|
Chapter 6 Japan's Regulatory Responses to Banking Crisis |
|
|
63 | (16) |
|
|
Chapter 7 The Costs and Benefits of Bank Capital Requirements |
|
|
79 | (12) |
|
|
Part III Capital Regulation |
|
|
91 | (42) |
|
Chapter 8 Capital Regulation: How Much Capital is Needed? |
|
|
93 | (10) |
|
|
Chapter 9 CoCos: A Promising Idea Poorly Executed |
|
|
103 | (18) |
|
|
Chapter 10 Capital Regulation: Lessons from a Macroeconomic Model |
|
|
121 | (12) |
|
|
|
|
Part IV Liquidity Regulation |
|
|
133 | (74) |
|
Chapter 11 How Should Bank Liquidity be Regulated? |
|
|
135 | (24) |
|
|
|
Chapter 12 How Do We Figure Out Optimal Liquidity Regulation? |
|
|
159 | (14) |
|
|
|
Chapter 13 The Interplay Between Liquidity Regulation, Monetary Policy Implementation and Financial Stability |
|
|
173 | (22) |
|
|
Chapter 14 Liquidity and Capital: Substitutes or Complements? |
|
|
195 | (12) |
|
|
Part V Market Infrastructures, Central Clearing and Collateral Management |
|
|
207 | (30) |
|
Chapter 15 An Incentive Theory of Counterparty Risk, Margins, and CCP Design |
|
|
209 | (16) |
|
|
Chapter 16 Monitoring CCP Exposure, in Real Time if Needed |
|
|
225 | (12) |
|
|
Part VI Regulation and Financial Innovation |
|
|
237 | (56) |
|
Chapter 17 Innovation & Regulation: Some Preliminary Observations |
|
|
239 | (10) |
|
|
Chapter 18 Financial Innovation and Regulation |
|
|
249 | (12) |
|
|
Chapter 19 Thoughts about Financial Innovation |
|
|
261 | (18) |
|
|
|
Chapter 20 How Technological Innovation Will Reshape Financial Regulation |
|
|
279 | (14) |
|
|
Part VII Bail-in Versus Bail-outs: Incentives and Financial Stability |
|
|
293 | (38) |
|
Chapter 21 Bail-in-able Debt and Fragility |
|
|
295 | (10) |
|
|
Chapter 22 Government Guarantees to Financial Institutions: Banks' Incentives and Fiscal Sustainability |
|
|
305 | (12) |
|
|
Chapter 23 The Unconvertible CoCo Bonds |
|
|
317 | (14) |
|
|
|
Part VIII Where to from Here? |
|
|
331 | |
|
Chapter 24 The Macroprudential Toolkit |
|
|
333 | (20) |
|
|
Chapter 25 The Great Financial Crisis and its Aftermath: A Perspective from Asia |
|
|
353 | (8) |
|
|
Chapter 26 Regulatory Reform: Where to from Here? |
|
|
361 | |
|