This book examines the effectiveness of surveillance by international institutions for financial crisis prevention. It discusses issues relating to designing effective micro- and macro-prudential policies, their mixes and their coordination with monetary policies for achieving financial stability while promoting better macroeconomic performance.
K. Shigehara
surveillance financial crisis prudential policy micro-prudential policy macro-prudential policy euro area crisis global financial crisis market failure financial instability herd instinct banking and financial regulation prudential regulation credit rating agency balance-of-payments crisis unit-laborcosts