Book

The Crisis Aftermath: New Regulatory Paradigms

The current crisis and its high social cost have shattered the confidence of economic agents in the banking system and questioned the capacity of financial markets to channel resources to their best use. While it is essential for the well functioning of economic activity that financial institutions do take risk, the decisions taken by financial intermediaries have proven ex post to be excessively risky. So, what was wrong with financial regulation? How were overoptimistic expectations, short termism and inaccurate risk models implicitly encouraged?

This book is devoted to exploring the general issue of the origins of excessive risk-taking in the banking industry. In doing so, it will provide the analytical ammunition required to rigorously examine regulatory policy at a time when it is undergoing a complete metamorphosis.

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Citation

Freixas, X and M Dewatripont (eds) (2012), ‘The Crisis Aftermath: New Regulatory Paradigms‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/crisis-aftermath-new-regulatory-paradigms

Citation

Freixas, X and M Dewatripont (2012), ‘Introduction: The Crisis Aftermath: New Regulatory Paradigms‘, in Freixas, X and M Dewatripont (eds), The Crisis Aftermath: New Regulatory Paradigms, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/crisis-aftermath-new-regulatory-paradigms

Citation

Morrison, A, J Shapiro and H Mehran (2012), ‘Corperate Governance and Banks: What Have We Learned from the Fiancial Crisis?‘, in Freixas, X and M Dewatripont (eds), The Crisis Aftermath: New Regulatory Paradigms, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/crisis-aftermath-new-regulatory-paradigms

Citation

Saurina, J and R Repullo (2012), ‘The Coutercyclical Capital Buffer of Basel III: A Critical Assessment‘, in Freixas, X and M Dewatripont (eds), The Crisis Aftermath: New Regulatory Paradigms, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/crisis-aftermath-new-regulatory-paradigms

Citation

Laux, C and X Freixas (2012), ‘Disclosure, Transparency and Market Discipline‘, in Freixas, X and M Dewatripont (eds), The Crisis Aftermath: New Regulatory Paradigms, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/crisis-aftermath-new-regulatory-paradigms

Citation

Freixas, X and M Dewatripont (2012), ‘Bank Resolution: Lessons from the Crisis‘, in Freixas, X and M Dewatripont (eds), The Crisis Aftermath: New Regulatory Paradigms, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/crisis-aftermath-new-regulatory-paradigms